Number of fed’l small biz prime contractors declined in 3 years
Federal contract spending has seen rapid growth in the last three years, but the number of small business primes in the federal market has been falling during the same period.
While total federal contract spending expanded by 25% from fiscal 2016-2019, the number of small business prime contractors dropped by 14.7% during that three-year period, according to Set-Aside Alert’s analysis of data from USASpending.gov and the Small Business Administration.
Total federal contract spending ballooned to $578 billion, from $464 billion, during the three years.
While that was happening, the number of small vendors in the federal market fell from 120,009 firms in 2016, down to 102,422 firms in 2019.
The downward trend in numbers has not gotten much attention, possibly because the SBA has highlighted the increase in the value of ...more....
