Agencies making ‘substantial progress’ toward higher small, disadvantaged contracting goal

The federal government is setting a new record for overall small business contract spending — with more than a quarter of federal contracting dollars going to small businesses last year.
The Small Business Administration, in its fiscal 2022 Small Business Federal Procurement Scorecard released Tuesday, found agencies spent a record $162.9 billion dollars on small business contracts last year — an $8.7 billion increase from fiscal 2021. 
About 26.5% of all federal contracting dollars in fiscal 2022 went to small business prime contracts awards — which exceeds a government-wide goal for 23% of that spending to go to small business prime contracts.
SBA Administrator Isabel Guzman said small business owners in the federal marketplace support over a million jobs across several sectors — including manufacturing, construction, and research and development.
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