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Small biz federal procurement reached $162.9B in FY22: SBA
Number of small business contractors shrunk by 4%
Small business federal procurement hit an all-time high of $162.9 billion fiscal 2022, the Small Business Administration announced on July 19 in its annual Small Business Procurement Scorecard.
That is $8.7 billion more than the previous year’s $154.2 billion.
Total awards to small firms represented 26.5% of all federal procurement in fiscal 2022, exceeding the government’s 23% goal, the SBA said. However, that percentage is lower than the 27.2% level achieved in fiscal 2021.
The number of small business federal contractors fell by 4%...more....