Small biz buys rose to $132.9B in FY2019; WOSB 5% goal met
The government’s procurements from small businesses comprised 26.5% of all eligible procurements in fiscal 2019, exceeding the 23% goal for the seventh year in a row, the Small Business Administration announced.
Small firms benefited from expanding federal acquisitions, which hit an all-time high of $578.4 billion last year, according to USASpending.gov.
Of those contracts, $501.5 billion worth were deemed eligible for small business competition or set-asides, and small companies won a record high value of contract awards totaling $132.9 billion in fiscal 2019, the SBA said in a news release.
The small business percentage also got a boost from double credits given for certain types of set-asides, SBA officials said. The total value of those credits was not immediately available.
Other achievements from the SBA’s annual Small Business Procurement Scorecard for fiscal 2019 included: ...more....
Click to pull up the Set-Aside Alert FY2019 Small Business Goals Summary Report
