Small Businesses Received $876M in Federal Contracts Last Year

Small Businesses Received $876M in Federal Contracts Last Year

The U.S. Small Business Administration’s release of the Fiscal Year 2019 Small Business Federal Procurement Scorecard shows a record-breaking $132.9 billion in prime federal contracts – 26.5% of the federal contracting dollars – were awarded to small businesses, adding a record-breaking one million jobs to the American economy.

The FY 19 numbers are an increase of nearly $12 billion over FY 18 and mark the seventh consecutive year the federal government exceeded its small business contracting goal. FY 19 also marks the second time that the women-owned small business contracting goal of 5% was met*.

“These record-breaking national numbers are a win-win, as, along with supplying the government with the goods and services needed to operate, they support our nation’s small businesses and entrepreneurs, as well as their employees and local communities,” SBA’s Great Lakes Regional Administrator Rob Scott said. “The accomplishments here in Indiana are a direct result of our efforts to ensure small businesses succeed and especially important now, as our economy recovers from the pandemic-related setbacks.”

The value of a federal contract is illustrated by Indianapolis-based CSCI Consulting’s success in recent years. In 2019, it secured a federal Blanket Purchase Agreement (BPA) contract with Health and Human Services with a value of $100M. This was in addition to their gains of $13M in Department of Defense (DoD) contracts. As a result of its work with the U.S. government, CSCI has continued to grow its corporate infrastructure and has expanded into a new and larger corporate headquarters located in the Fort Benjamin Harrison Historic District of Indianapolis.”

“The $876 million that small businesses here in Indiana secured in federal contracts represented an incredible impact to our economy in FY 19 and supported job creation, innovation and growth,” SBA’s Indiana District Director Stacey Poynter. “This has allowed companies like CSCI Consulting and others to thrive creating new jobs, building stronger communities and improving the quality of life of all who live in Indiana.”

In its efforts to help small businesses secure federal contracts, the SBA promotes its programs to procuring federal agencies and small businesses, frequently holding training sessions across the country to educate contracting officers on the requirements for SBA’s 8(a) Business Development, Historically Underutilized Business Zone, women-owned and service-disabled veteran-owned small business programs. It also works closely with other national and local organizations on contracting outreach.

The SBA continues to collaborate with federal agencies to expand small business opportunities for small business contractors to compete and win federal contracts. The FY 19 Scorecard analyzed the prime contracting and subcontracting performance and other contributing factors, which resulted in an overall “A” grade for the federal government. Eight agencies received A+, 14 received an “A” and two received a “B” grade.

 

FY2019 Small Business Federal Procurement Scorecard

Individual agency scorecards the SBA released, as well as a detailed explanation of the methodology, are available online.

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