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INDUSTRY NEWS<br />

Federal Government awards<br />

record-breaking $132.9 Billion<br />

to small businesses<br />

In other SBA news, the Administration<br />

announced in August that the federal government<br />

exceeded its small business federal<br />

contracting goal, awarding 26.50 percent<br />

or $132.9 billion in federal contract<br />

dollars to small businesses. That amount<br />

is more than a $12 billion increase from<br />

the previous fiscal year. Additionally, the<br />

Fiscal Year 2019 Small Business Federal<br />

Procurement Scorecard marks the second<br />

time in Scorecard history that the women-owned<br />

small business contracting goal<br />

of 5% has been met*.<br />

The federal government also added a<br />

record-breaking one million jobs to the<br />

American economy with $132.9 billion<br />

in prime contract dollars awarded to<br />

small businesses and $90.7 billion in subcontracts<br />

awarded. Overall, the federal<br />

government earned an “A” on this year’s<br />

government-wide Scorecard, according<br />

to a statement.<br />

“I’m thrilled to report that the federal<br />

government exceeded its set goals<br />

and awarded a significant $132 billion<br />

to small businesses in FY19,” said SBA<br />

Administrator Jovita Carranza. “There<br />

is good news for women-owned small<br />

businesses too. For the second time in the<br />

history of the Scorecard, the federal government<br />

has met the women’s contracting<br />

goal. For the seventh year in a row,<br />

the federal government has also exceeded<br />

the contracting goal set for service-disabled<br />

veterans. The federal prime and<br />

subcontracts awarded to small businesses<br />

in FY19 equate to more than one million<br />

jobs created. Every contract that gets in<br />

the hands of a small business is a winwin<br />

for our nation, entrepreneurs and<br />

their employees, and the communities<br />

they support. This is especially important<br />

now, as our economy recovers from<br />

the pandemic-related setbacks.”<br />

FY2019 Small Business Federal Procurement<br />

Scorecard:<br />

The individual agency scorecards<br />

released today by the SBA, as well as a<br />

detailed explanation of the methodology,<br />

is available online.<br />

• In FY19, the federal government<br />

exceeded the service-disabled<br />

veteran-owned small business and<br />

small disadvantaged business goals<br />

and the prime contract dollar awards<br />

in all small business categories<br />

increased from previous years.<br />

• The federal government also<br />

exceeded its subcontract goals for<br />

awards to small businesses and<br />

women-owned small businesses<br />

and awarded more than $90 billion in<br />

subcontracts to all small businesses.<br />

*The prime contract goal achievements<br />

by dollars and percentages for all<br />

categories are as follows:<br />

20% OFF<br />

WITH CODE <strong>ADN</strong>20<br />

PERMANENT PROTECTION • DEEP G<br />

800-437-9893<br />

16 | AUTO DETAILING NEWS | VOL. 5, NO. 3 • FALL <strong>2020</strong>

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