- Market Cap: $556.03 B
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- BTC Dominance: 62.11%
Overall, the federal government earned an “A” on this year’s government-wide Scorecard.
The U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50% or $132.9 billion in federal contract dollars to small businesses, over $12 billion increase from the previous fiscal year.
Women-Owned Contracting Goal Met for the Second Time in Scorecard History; Eight Federal Agencies Receive A+ Rating on FY2019 Small Business Federal Procurement Scorecard
Additionally, the Fiscal Year 2019 Small Business Federal Procurement Scorecard marks the second time in Scorecard history that the women-owned small business contracting goal of 5% has been met.
The federal government also added a record-breaking one million jobs to the American economy with $132.9 billion in prime contract dollars awarded to small businesses and $90.7 billion in subcontracts awarded.
“I’m thrilled to report that the federal government exceeded its set goals and awarded a significant $132 billion to small businesses in FY19,”
“There is good news for women-owned small businesses too. For the second time in the history of the Scorecard, the federal government has met the women’s contracting goal. For the seventh year in a row, the federal government has also exceeded the contracting goal set for service-disabled veterans. The federal prime and subcontracts awarded to small businesses in FY19 equate to more than one million jobs created. Every contract that gets in the hands of a small business is a win-win for our nation, entrepreneurs and their employees, and the communities they support. This is especially important now, as our economy recovers from the pandemic-related setbacks.”
SBA Administrator Jovita Carranza.
FY2019 Small Business Federal Procurement Scorecard:
The individual agency scorecards released today by the SBA, as well as a detailed explanation of the methodology, is available online.
- In FY19, the federal government exceeded the service-disabled veteran-owned small business and small disadvantaged business goals and the prime contract dollar awards in all small business categories increased from previous years.
- The federal government also exceeded its subcontract goals for awards to small businesses and women-owned small businesses and awarded more than $90 billion in subcontracts to all small businesses.
Small Business Federal Procurement Scorecard Overview:
The prime and subcontracting component goals include goals for small businesses, small businesses owned by women, small disadvantaged businesses, service-disabled veteran-owned small businesses, and small businesses located in Historically Underutilized Business Zones (HUBZones).
Every year, the SBA works with each agency to set their prime and subcontracting goals and their performance is based on the agreed-upon goals. Each federal agency has a different small business contracting goal, determined annually in consultation with the SBA. The SBA ensures that the sum total of all of the goals exceeds the 23 percent target for the federal government as well as the socio-economic goals established by law.