Small Businesses Get More Federal Contracts

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Small businesses got $3 billion more in federal contracts in fiscal year 2009 than in fiscal year 2008, according to data released by the Small Business Administration late Friday.

Small businesses were awarded $96.8 billion in federal prime contracts during the period. This represents 21.89 percent of all federal contracts awarded to private business. The SBA has been charged with meeting a goal of overseeing the award of 23 percent of all federal contracts to small businesses.

“This represents real progress, but not enough. We must reaffirm our commitment to ensuring that the 23 percent goal is met and exceeded,” SBA Administrator Karen Mills said in a statement. “Federal contracts awarded to small businesses are a ‘win-win’ – providing small businesses with the opportunity to grow and create jobs, and offering innovative services and essential goods to the government at great value to the taxpayers.”
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http://www.businessnewsdaily.com/small-businesses-get-more-federal-contracts-0486/?utm_source=twitterfeed&utm_medium=twitter

[Abq_Sarah]

1. The SBA has an interesting system

That allows a small a small company to be bought by a big player yet still use small business status in bidding fed contracts. This results in companies like Lockheed Martin, Raytheon , GE, Hewlett Packard, etc... receiving government contracts under the guise of small business contracts.