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Federal Market Intelligence for Small Business |
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Set-Aside Alert exclusive analysis:Small biz federal procurement reached $162.9B in FY22: SBANumber 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%, from 65,428 in fiscal 2021 to 62,670 in fiscal 2022. In related findings, SBA announced: --SDB (Small Disadvantaged Business) procurement totaled $69.9 billion, and exceeded its 11% goal by reaching 11.4% in fiscal 2022; The SBA also noted that WOSB set-aside awards totaled $1.56 billion in fiscal 2022, which was a 17% increase over the year before;
SBA Administrator Isabella Casillas Guzman outlined several Biden Administration initiatives she said contributed to the overall increase in small business awards. Those initiatives included creating the Supplier Base Dashboard, as well as directing agencies to include progress toward small business goal achievement as performance evaluation criteria for Senior Executive Service managers overseeing acquisition. “We have championed initiatives to fuel our nation’s historic economic growth while reducing barriers and ensuring fair competition in federal contracting,” Guzman said.
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