Federal Government Exceeds Small Business Contracting Goals by Awarding Record-Breaking $132.9 Billion to Small Businesses

Women-Owned Contracting Goal Met for the Second Time in Scorecard History; $4.1 Billion in Federal Contracts Awarded to Small Businesses in Alaska!

The U.S. Small Business Administration announces the federal government exceeded its small business federal contracting goal, awarding 26.5% – or $132.9 billion – in federal contract dollars to small businesses, a more than $12 billion increase from the previous fiscal year.  Alaska small businesses received more federal contracts during FY 19 than Washington, Oregon and Idaho small businesses combined.

Additionally, the Fiscal Year 2019 Small Business Federal Procurement Scorecard marks the second time in Scorecard history the women-owned small business contracting goal of 5% was 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.  Overall, the federal government earned an “A” on this year’s government-wide Scorecard.

“I’m thrilled to report that the federal government exceeded its set goals and awarded a significant $132 billion to small businesses in FY19,” said SBA Administrator Jovita Carranza.  “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.”

FY 2019 Small Business Federal Procurement Scorecard

The individual agency scorecards released by the SBA, as well as a detailed explanation of the methodology, is available online.

  • In FY 2019, 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.

The full press release is available at https://www.sba.gov/node/1671825?utm_medium=email&utm_source=govdelivery