WOSB 5% goal said to be met for the first time

Small business, vet goals met

The Small Business Administration anticipates that the government will achieve the 5% goal for procurement with Women-Owned Small Businesses (WOSBs) for the first time for fiscal 2015, a senior SBA official told a House panel.

The Obama administration also expects to achieve the 23% goal for small business procurement for the third year in a row and the 3% goal for service-disabled veteran procurement for the fourth year in a row.

“Current year-to-date performance for fiscal 2015 demonstrates that the federal government should again exceed the 23% goal, along with three of the four socio-economic goals--Women-Owned Small Business, Service-Disabled Veteran-Owned Small Business and Small Disadvantaged Business,” A. John Shoraka, associate administrator for the SBA’s Office of Government Contracting and Business Development, testified on Feb. 3.

“If achieved, this would be the first time since the program’s inception that the WOSB goal of 5% has been met,” Shoraka said.

Shoraka appeared before the House Small Business Committee’s subcommittee on contracting and the workforce.

Shoraka’s data corresponds with what is being reported on the White House’s Small Business Dashboard, which is a dynamic dashboard showing the latest procurement data for small businesses. Figures for fiscal 2015 are nearly complete.

As of Feb. 15, the dashboard showed that small business contracting comprised 25.73% of all eligible contracting awards for fiscal 2015. With $90.6 billion in small business awards reported, there is unlikely to be a major change in the numbers.

The dashboard also showed that the WOSB goal had been met for fiscal 2015, with 5.05% of eligible contracting dollars going to WOSBs. That total was $17.8 billion.

SDVOSBs received 3.93%, or $13.8 billion, and small disadvantaged firms got 10.06%, or $35.4 billion. HUBZone firms got only 1.82%, short of the 3% goal.

More Information: http://smallbusiness.data.gov/

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