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Small business share of contracts shrunk slightly in 2011, SBA reports

July 6, 2012 By ei2admin

The Small Business Administration on Tuesday released its annual score card on federal contract dollars won by small businesses, reporting that contractors meeting the eligibility criteria were awarded $91.5 billion in government work in fiscal 2011, or 21.65 percent of the total.

Current law requires agencies to reach for a goal of awarding 23 percent of contract dollars to qualified small businesses. In the Obama administration’s first three years, SBA reported, the 24 major agencies awarded a total of $286.2 billion in contracts to small businesses, or 22.07 percent, just short of the target. SBA said this represented a $32 billion increase over the three preceding years even as contract spending dropped governmentwide.

Keep reading this article at: http://www.govexec.com/contracting/2012/07/small-business-share-contracts-shrunk-slightly-2011-sba-reports/56617/?oref=govexec_today_nl.

Filed Under: Contracting News Tagged With: SBA, score card, small business, small business goals

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