Government hits 23.9% in small biz buys
Goal achieved for 5th year
The Small Business Administration on May 22 announced that the government met its 23% small business contracting goal for the fifth year in a row.
The Trump Administration awarded 23.88% of the value of contracts to small businesses in fiscal 2017, down from 24.34% the prior year.
Total dollars going to small firms rose to $105.7 billion, up from $100 billion in fiscal 2016.
The Trump Administration gave itself an "A" overall.
Goal achievement was down slightly in all the socio-economic goals except for service-disabled veterans, where achievement rose to 4.05%, up from 3.98% the year before. The goal was met in both years.
The small disadvantaged goal was met, but achievement dropped slightly to 9.1%, down from 9.53%.
Goals for women-owned and HUBZone small firms were not met. WOSB achievement dipped to 4.71%, down from 4.79%, and for HUBZones, to 1.66%, from 1.67%.
A new feature this year was to show how many small business contractors were in the market.
The SBA reported that the number of small business firms dropped 2% to 117,500, down from 120,000, from fiscal 2016 to fiscal 2017. Women-owned firms also dropped by 2%, down to 26,100.
Ken Dodds, acting deputy associate administrator for government contracting and business development, said in a press call that the SBA is continuing to work on certification. Asked why achievement is down for women-owned, he said “there are some challenges with NAICS codes,” including “confusion” about eligible NAICS codes.
During the same period, however, the number of service-disabled veteran-owned small firms increased by 7%, to 12,100 and HUBZone firms increased by 5% to 6,300.
Eight agencies--Commerce, Homeland Security, HUD, Interior, Labor, Nuclear Regulatory Commission, Office of Personnel Management and SBA--received “A+” grades.
In addition, 12 agencies received a grade of "A", three received a "B" grade and one received a "C" grade.
More information:
Governmentwide Scorecard: https://bit.ly/2IW1hXx
SBA Supporting Documents: https://bit.ly/2GGu8d3