The U.S. Small Business Administration announced today that the federal government reached its small business federal contracting goal for the fourth consecutive year, awarding 24.34 percent in federal contract dollars to small businesses totaling $99.96 billion, an increase of over $9 billion from the previous year.
“I am pleased to report that for the fourth year in a row, the federal government has exceeded its small business contracting goal,” Administrator Linda McMahon said. “It is a win-win for federal agencies to get small business contracts into the hands of the innovative small business owners that create jobs in their communities and help to fuel the nation’s economy.”
In FY 2016, the federal government also exceeded the Small Disadvantaged Business (SDB) goal and had its highest achievement ever for percentage of contract dollars awarded to Service-Disabled Veteran-Owned (SDVO) small businesses. Prime contract dollars in all categories increased.