SBA announces small business procurement of 25.05% in FY18

Small biz awards hit $120.8B; # of small vendors drops

     For the sixth year in a row, the government has exceeded the 23% goal for small business prime contract procurement, reaching 25.05% for fiscal 2018, the Small Business Administration announced.

      That is up from 23.9% for fiscal 2017.

      Small business prime contract awards achieved a record $120.8 billion in fiscal 2018, up from $105.7 billion the year before, the SBA said.

      The government met its goals for small disadvantaged businesses and for service-disabled veteran-owned small businesses (SDVOSBs).

      However, the government fell short on its goals for procurements from...more....