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SBA: Federal Agencies Awarded 27% of Fiscal 2021 Contracting Dollars to Small Businesses

SBA: Federal Agencies Awarded 27% of Fiscal 2021 Contracting Dollars to Small Businesses - top government contractors - best government contracting event

The federal government got an “A” on the governmentwide scorecard for exceeding its small business contracting goal of 23 percent in fiscal year 2021 by awarding $154.2 billion or 27.2 percent of total contract dollars to small enterprises.

The Small Business Administration said Tuesday the federal contract funds awarded to small businesses reflect an increase of $8 billion from FY 2020.

The federal government awarded 11 percent of contract funds to small disadvantaged businesses; 4.6 percent to women-owned companies; and 4.4 percent to service-disabled veteran-owned businesses.

Agencies failed to meet the 3 percent contracting goal for Historically Underutilized Business Zone small businesses, awarding only 2.53 percent or $14.3 billion of total eligible dollars for FY 2021.

Small business contractors received 30.9 percent or $72 billion in federal contract awards, exceeding the 29.36 percent goal.

According to the scorecard, 11 agencies received an “A+” grade for meeting their small business contracting goals, 10 agencies earned an “A” grade, two agencies got a “B” and one agency obtained a “C.”

The Biden-Harris Administration set historic records in small business contracting, including the highest percentage spend to Small Disadvantaged Businesses and growth for our Service-disabled Veteran Small Businesses, which has advanced competition, strengthened local economies, and supported job growth across the nation,” said SBA Administrator Isabella Casillas Guzman.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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