Federal Commitment to Small Businesses Exceeds 23% Goal for Third Year in a Row: SBA Annual Scorecard Highlights Importance of Providing Access to Contracting Opportunities

Ten Federal Agencies Achieve Top Marks in Annual Small Business Contracting Scorecard

The federal government’s commitment to supporting small businesses through grant programs has been highlighted in the annual scorecard released by the Small Business Administration (SBA). In fiscal 2023, 28.4% of contracts were awarded to small businesses, totaling $178.6 billion. This represents a 3% increase from the previous year and marks the third consecutive year that the goal of awarding 23% of contracts to small businesses has been surpassed.

These contracts are crucial in supporting over a million jobs in various industries such as manufacturing, construction, and technology. SBA Administrator Isabel Casillas Guzman emphasized the importance of these initiatives in boosting the nation’s economy and providing small businesses with access to federal contracting opportunities through President Biden’s Investing in America agenda.

The annual scorecard also evaluates the performance of specific federal agencies in meeting their small business contracting goals. Ten agencies received ‘A+’ grades for their commitment to small business contracting, including the SBA, Department of Agriculture, Department of Housing and Urban Development, Department of the Interior, Department of Homeland Security, National Science Foundation, General Services Administration, Department of Commerce, Nuclear Regulatory Commission, and Office of Personnel Management. On the other hand, two agencies received ‘B’ grades – Environmental Protection Agency and Department of Health and Human Services – which is the lowest grade awarded.

Small business owners looking for information on agency scorecards and federal contracting opportunities should visit www.sba.gov/agency-scorecards for more information on how they can take advantage of these programs to grow their businesses and create more jobs in their communities.

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