Agencies fulfilling their obligations for awarding contracts to small businesses broke a record with $120 billion in awards in fiscal 2018, the Small Business Administration announced on Tuesday.
Governmentwide for the sixth straight year, agencies met their goal of 25% for qualified small-business procurements, though fell short in the subgroups of women-owned businesses and Historically Underutilized Business Zones, or HUBZones.
The overall government rating was an A, and eight agencies received an A+ on the annual scorecard, SBA said. The $120 billion total marked an increase of $15 billion over last year.
“Through these businesses, we strengthen the economy, and support the American workforce in the process,” said Acting Administrator Chris Pilkerton. “The federal prime and subcontract awarded to small businesses in fiscal 2018 equate to more than one million jobs created. Every contract that gets in the hands of a small business is a win-win for our nation, the entrepreneurs, their employees and the communities they support all across the country.”
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