Federal Government Scores an “A” on Small Biz Goals

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In June 2015, the Small Business Administration (SBA) released the Small Business Procurement Scorecard for fiscal year 2014. The annual scorecard is an assessment tool that measures how well federal agencies reach their small business and socio-economic prime contracting and subcontracting goals and reports agency-specific progress. Federal agencies scored an A for fiscal year 2014, achieving 105.46% of their 2014 small business contracting goals. For the second time in 8 years, the federal government exceeded the overall goal for small business contracting (23%) by awarding $81.7 billion or 24.99% of federal contracting dollars to small businesses.

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