8(a) set-aside awards grew by 7.44% in FY2022; still in slump
Increases for counseling, veteran contracting and more
Federal contract awards for participants in the Small Business Administration’s 8(a) Business Development program grew in value by 7.44% last year, to $12.57 billion.
That was in near-perfect alignment with the 7.45% increase in total federal contract award value during the same period, according to Set-Aside Alert’s analysis of data from the government’s USASpending.gov website. Total contract awards rose to $693.9 billion, up from $645.80 billion, from 2021-2022.
But the 8(a) rise was less than the rise in the total of all types of small business set-aside awards.
Even so, the 8(a) boost was a welcome lift after several years of slumping, following a dramatic 35% drop in fiscal 2018, as previously reported exclusively by Set-Aside Alert. From a several years long upward climb to reach $17 billion in fiscal 2017...more....
