The U.S. Small Business Administration on Friday announced that the federal government had hit its small business contracting goal for the first time in eight years.
The SBA said in a news release that the U.S. government awarded 23.39 percent of federal contracts to small businesses, totaling $83.1 billion in eligible contracting dollars.
“When we hit our small business procurement target, it’s a win,” SBA Administrator Maria Contreras-Sweet said in the release. “Small businesses get the revenue they need to grow and create jobs, and the federal government gets the chance to work with some of the most responsive, innovative and nimble companies in the U.S. while the economy grows.”
The SBA said total contracting dollars have gone down due to reduced federal spending, but small businesses earned a higher percentage of those dollars.
The agency also released its fiscal 2013 Small Business Procurement Scorecard, which gave the federal government an “A” grade for small business contracting.