{"id":1184,"date":"2022-07-26T16:20:29","date_gmt":"2022-07-26T16:20:29","guid":{"rendered":"https:\/\/ournewsmag.com\/?p=1184"},"modified":"2023-06-06T17:37:59","modified_gmt":"2023-06-06T17:37:59","slug":"154-2-billion-to-go-to-small-businesses","status":"publish","type":"post","link":"https:\/\/ournewsmag.com\/index.php\/2022\/07\/26\/154-2-billion-to-go-to-small-businesses\/","title":{"rendered":""},"content":{"rendered":"\n

$154.2 Billion to go to small businesses<\/h2>\n\n\n\n

Biden-Harris Administration Awards Record-Breaking $154.2 Billion in Contracting to Small Businesses<\/strong> <\/p>\n\n\n\n

Highlights: One Million Small Business Jobs Created, Small Disadvantaged Business Goal Achieved a Year Ahead of Schedule<\/strong> <\/p>\n\n\n\n

WASHINGTON <\/strong>\u2013Today, Administrator Isabella Casillas Guzman<\/strong><\/a>, head of the U.S. Small Business Administration (SBA)<\/strong><\/a> <\/strong>and the voice for America\u2019s 33 million small businesses in President Biden\u2019s Cabinet, announced that the Biden-Harris Administration exceeded its small business federal contracting goal, awarding 27.2 percent or $154.2 billion in federal contract dollars to small businesses, an $8 billion increase from the previous fiscal year. <\/p>\n\n\n\n

The share of contracts going to small businesses equates to 27.2 percent of total federal contracting funds. Combined with $72 billion in subprime contracting goals, this historic spend has supported over one million jobs in the American economy. <\/p>\n\n\n\n

Overall, the federal government exceeded its goal of 23 percent in prime contract dollars and earned an \u201cA\u201d on this year\u2019s government-wide Scorecard.  Eleven federal agencies earned an \u201cA+\u201d for their agencies\u2019 achievements in small business contracting, and an additional ten agencies received an \u201cA\u201d grade. SBA sets contracting goals for each agency and works with government buyers to ensure that they prioritize small businesses.<\/p>\n\n\n\n

\u201cThe 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,\u201d said Administrator Guzman<\/strong>. \u201cBy expanding small business opportunities and building equity in federal procurement, we have helped to ensure that federal agencies can fully leverage the extraordinary talent and innovation delivered by our nation\u2019s entrepreneurs. Building on the major procurement reforms announced last year; the SBA will continue to further progress in all federal procurement goals so more entrepreneurs can grow their businesses with government contracts, including those presented by President Biden\u2019s Infrastructure Investment and Jobs Act.\u201d<\/p>\n\n\n\n

\u201cSmall businesses know how to get the job done, and they have a key role to play in delivering the generational infrastructure investment underway through the Bipartisan Infrastructure Law,\u201d said U.S. Transportation Secretary Pete Buttigieg.<\/strong> \u201cWe know that it hasn\u2019t been easy for small businesses \u2013 particularly those owned by women and people of color \u2013 to reap the benefits of past infrastructure investments, and we\u2019re proud of the actions this Administration is taking to level the playing field, remove barriers to opportunities, and increase access to wealth creation for small businesses across America.\u201d<\/p>\n\n\n\n

\u201cThe Department of Homeland Security (DHS) is honored to receive an A+ for the sixth year in a row \u2013 the largest federal agency to have such a record – for the accomplishments of our acquisition professionals in maximizing opportunities for small businesses,\u201d said Homeland<\/strong> Secretary Alejandro N. Mayorkas.<\/strong> \u201cLast year alone, DHS obligated $8 billion to American small businesses working to support the homeland security mission. DHS will continue to lead in small business contracting by focusing on small business outreach and engagement as we support diversity, equity, and inclusion.\u201d <\/p>\n\n\n\n

\u201cAt NASA, we work to explore the secrets of the universe for the benefit of all, and a big part of that is how we improve life on Earth through innovation \u2013 including technology, medicine, and access to space,\u201d said NASA Administrator Bill Nelson<\/strong>. \u201cOur relationships with small businesses help NASA stay on the cutting edge of innovation while allowing us to achieve our small business prime contracting goal to make investments in this country\u2019s future. We will continue to work to identify the barriers to access for small businesses and find ways to create more favorable, equitable procurement practices to help establish the future of space exploration, scientific discovery, and aeronautics research.\u201d<\/p>\n\n\n\n

\u201cSmall businesses play a vital role in the American economy, and they are essential to the mission of the Department of Defense (DoD), enabling us to develop, deliver and sustain critical capabilities to our Warfighter. DoD achieved our small business prime contracting goal for eight consecutive years. This shows our commitment to maximize opportunities for small businesses, which increases competition and strengthens our national and economic security,\u201d said DOD Undersecretary William LaPlante<\/strong>.<\/p>\n\n\n\n

The individual agency scorecards were released today, and a detailed explanation of the methodology is available at SBA.gov.<\/a> Highlights include: <\/p>\n\n\n\n