Federal Government Awards Record-Breaking $145.7 Billion in Contracting to Small Businesses

District Office representing Central South Texas

u s small business administration

Federal Government Awards Record-Breaking $145.7 Billion in Contracting to Small Businesses

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The U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.01 percent or $145.7 billion in federal contract dollars to small businesses, a $13 billion increase from the previous fiscal year. 

“Despite the fact that it’s been an extremely challenging year for small businesses, the SBA is proud to announce that our nation’s entrepreneurs used their trademark ingenuity, grit, and determination to do a record amount of contracts -- $145.7 billion -- with the federal government. Thanks to the support of countless dedicated government professionals, the federal government exceeded its small business contracting goal for FY20 with a $13 billion increase from the previous fiscal year,” said SBA Administrator Isabel Guzman.

“However, we know that there’s much more to do to ensure all of our small businesses can get contract-ready and have the opportunities they need to engage with the world’s largest customer. We’re committed to increasing these opportunities and lowering barriers to give our small businesses a chance to grow their revenues through contracting. Our goal this year, and every year, is to make sure that small businesses can be like the giants they are in our economy and to create conditions to guarantee their success,” continued Administrator Guzman.

The federal government also added almost a million jobs to the American economy through the $145.7 billion in prime contract dollars and $82.8 billion in subcontracts awarded to small businesses.  Overall, the federal government exceeded its goal of 23 percent in prime contract dollars and earned an “A” on this year’s government-wide Scorecard.   Eight federal agencies earned an “A+” for their agencies’ achievements in small-business contracting.

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About the U.S. Small Business Administration 

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

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