Small Businesses Win in SBA’s FY2013 Federal Procurement Scorecard
For the first time in 8 years, the federal government has met its annual 23% goal for small business contracting thanks to the SBA and President Obama’s commitment to ensuring small businesses earn federal contracts. This has resulted in more than $83 billion dollars of revenue for small businesses, the engine and innovators of our resilient economy.
This is a groundbreaking and proud achievement for the federal government and especially for our small businesses. When small businesses win federal contracts, it strengthens the American job market and boosts our nation’s economy. When small businesses are able to play an integral role in the federal supply chain, it’s a win-win for America.
Federal agencies are collaborating with SBA and the Administration to enhance small businesses access to federal contracts, and it’s a team effort that’s working. For example, for the first time under the current Scorecard methodology, three federal agencies received an A+ grade, and an additional 17 received an A grade. The three top performers were the Department of Interior, the Department of Transportation, and the Office of Personnel Management. Despite shifting budgetary priorities and a decline in overall spending, the federal government was still successful in increasing the overall percentage of contracts that were awarded to small businesses.
Further strides have been achieved in the government wide scorecard. In FY 2013, small disadvantaged firms received 8.6 percent of all federal contracts, totaling $30.6 billion dollars. As a result, we are making progress in underserved communities that were hit hardest by the Recession. We also honored our commitment to our American heroes, our veterans. The federal government exceeded its 3 percent contracting goal for small businesses owned by service-disabled veterans. These businesses received 3.4 percent of federal contracts, totaling more than $12 billion dollars.
President Obama and SBA Administrator Contreras-Sweet are committed to making small business contracting a government-wide priority. The success of programs like QuickPay are just a small example of how this Administration is committed to the success of our nation’s small business, by ensuring they have the capital they need to succeed. That is why we have renewed our commitment to it and expanded it to include federal subcontractors. And after having the government lead by example, we have partnered with several private companies to create the SupplierPay initiative, which encourages them to quickly pay the small businesses in their supply chain.
With this 23 percent achievement, continued progress is essential and the SBA is here to help. We stand alongside your small business to be Smart, Bold, and Accessible. Therefore, we are present to empower you as a small business owner and help you win federal contracts. The SBA is here to help you reach the great potential of your small business.
Contact your local SBA Offices to learn further about earning your share of federal contracting. You can also visit our GC Classroom, which is SBA’s collection of online contracting courses to help prospective and existing small businesses understand the basics about contracting with federal agencies.
CTSBDC can help with small business contracting. Contact us today.