In its annual scorecard on small business procurement, the Small Business Administration on Tuesday announced “real progress” toward delivering 23 percent of all federal contracting dollars to small businesses, with 22.25 percent going to small firms in fiscal 2012, compared with 21.65 percent in 2011.
“As a result of a governmentwide focus on increasing small business contracting opportunities, during the first term of the Obama administration, $376.2 billion in contracting dollars went to small businesses,” SBA Associate Administrator for Government Contracting and Business Development John Shoraka wrote in a blog post. “This is a $48.1 billion increase over the four preceding years even as we have reduced contracting spending overall.”
SBA is required to update Congress on progress on boosting small business as identified by chief financial officers of the 24 largest departments.
“Federal contracting with small businesses remains a win-win,” Shoraka said. “Small businesses get the revenue they need to grow their revenues and create jobs. Meanwhile, the federal government gets the chance to work with some of the most responsive, innovative and nimble companies in the U.S. — often with a direct line to their CEO.”
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