US small biz contracts hit 25% on dashboard

For the first time, the White House’s online Small Business Dashboard dynamic database shows a record 25% of eligible federal contracts were awarded to small businesses in fiscal 2014.

That amount surpasses the government’s 23% goal, which was met in fiscal 2013 for the first time in eight years. If the 25% small business participation figure is upheld in official tallies it would be a historic first.

The dashboard has the latest current data, which is considered unofficial and may be updated at any time. Since fiscal year 2014 ended more than six months ago, additional data is unlikely to change the figures substantially.

The Small Business Administration compiles a snapshot of official data for public release in its Procurement Scorecard, typically in June or August.

Total small business awards rose to $91.8 billion in fiscal 2014, up from 83.7 billion the year before.

Spending and awards for disadvantaged, women-owned, service-disabled veteran-owned and HUBZone firms also rose.

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

US small biz contracts hit 25% on dashboard

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