12/12/2023 0 Comments 2022 federal budget![]() ![]() This achievement translates to $28.1 billion in procurement, reflecting a $3 billion spending increase compared to the previous year. Service-disabled Veteran-owned small business spending has exceeded its 3% goal, reaching 4.6%.The noteworthy achievement reflects President Biden’s unwavering commitment to meeting an ambitious SDB contracting goal. For the second consecutive year, Small Disadvantaged Business (SDB) spending exceeded its 11% goal.Highlights of the overall performance of the federal government include: I ndividual agency scorecards with a detailed explanation of the methodology are available at SBA.gov. SBA plays a crucial role in setting contracting goals for each agency and collaborates closely with government buyers to emphasize the prioritization of small businesses in the procurement process. “The Biden Administration continues to raise the bar, reaching a record high level of contract spending with small businesses, supporting over one million good-paying jobs in manufacturing, construction, research & development, and other vital industries.” “Through President Biden’s Investing in America agenda, we have championed initiatives to fuel our nation’s historic economic growth while reducing barriers and ensuring fair competition in federal contracting,” said Administrator Guzman. ![]() The federal government, overall, earned an “A” on this year’s government-wide scorecard. This historic level amounts to a $162.9 billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. Ten federal agencies earned an “A+” for their agencies’ achievements in small business contracting, and an additional ten agencies received an “A” grade. WASHINGTON –Today, Administrator Isabella Casillas Guzman announced that the Biden-Harris Administration exceeded its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high 26.5% of federal contract dollars to small businesses. Market research and competitive analysis. ![]()
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