2020_ADN_V5_No3_web
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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 />
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16 | AUTO DETAILING NEWS | VOL. 5, NO. 3 • FALL <strong>2020</strong>