Federal contract awards hit all-time high

by

Published: August 24,2009

Tags: federal agency, small business

WASHINGTON — Small businesses won a record $93.3 billion in federal prime contracts in fiscal year 2008 (Oct. 1, 2007-Sept. 30, 2008), an increase of almost $10 billion from 2007, according to the U.S. Small Business Administration’s (SBA’s) third-annual small business procurement scorecard.

In addition, small disadvantaged businesses, women-owned businesses and service-disabled veteran-owned businesses increased their share of federal contracting dollars by at least $1 billion to $3 billion.

The 2008 awards were:

• Small businesses — $93.2 billion ($83.2 billion in 2007)

• Small disadvantaged businesses — ($29.3 billion ($24.9 billion in 2007)

• Women — $14.7 billion ($13 billion in 2007)

• Service-disabled veterans — $6.4 billion ($3.8 billion in 2007)

• HUBZone — $10.1 billion ($8.5 billion in 2007)

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