Small Business Contract Statistics

On Friday, August 21, 2009 the government released its latest statistics on the volume of contracts awarded to small businesses and many were very disappointed to see that President Obama had not held up his campaign promises. Out of the top 100 recipients of federal small business contracts, 64 percent of the contract dollars went to large businesses.

On the other hand, the Small Business Administration press release (pdf) that accompanied this annual scorecard rating said that in fiscal year 2008, ? small businesses won a record $93.3 billion in federal prime contracts. They went on to mention that this was an increase of almost $10 billion from 2007.

The release also said 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.

Small business contracting did grow, but it appears that the federal government fell short of its goals. The goal was for the federal government award at least 23 percent of prime contract dollars to small firms, and within that figure, there are sub-goals for disadvantaged small businesses at around 5 percent, small firms owned by women at 5 percent and service-disabled veterans at 3 percent.

In 2008, nominal small-business contracts accounted for just 21.5 percent of all eligible contract dollars. Not only is that below the goal, it’s worse than in 2007, when small businesses received 22 percent of the dollars. The federal government as a whole hasn’t met this goal since 2005.

Clearly many small businesses have suffered since the economic downturn, and althought some are surviving by using techniques including invoice factoring, many have gone under.

19 thoughts on “Small Business Contract Statistics

  1. Really nice post. Theoretically I could write something like this too, but taking the time and effort to make a good article is a lot of effort…but what can I say….I’m a procrastinater. Good read though.

  2. I was just searching for this information for a while. After 6 hours of continuous Googleing, at last I got it in your site. I wonder what is the lack of Google strategy that don’t rank this kind of informative sites in top of the list. Generally the top websites are full of garbage.

  3. Wow, incredible weblog layout! How long have you ever been blogging for? you make blogging look easy. The entire glance of your website is great, as smartly the content!

  4. Oh my goodness! an amazing article dude. Thanks Nonetheless I’m experiencing situation with ur rss . Don??™t know why Unable to subscribe to it. Is there anyone getting equivalent rss downside? Anybody who is aware of kindly respond. Thnkx

  5. An additional issue is video games are generally serious in nature with the major focus on understanding rather than amusement. Although, it has an entertainment feature to keep your kids engaged, each and every game is generally designed to improve a specific expertise or area, such as math or technology. Thanks for your posting.

  6. I would like to show some thanks to the writer just for bailing me out of this particular issue. Just after checking throughout the internet and meeting notions that were not pleasant, I assumed my entire life was well over. Being alive devoid of the strategies to the problems you have fixed by means of your article is a critical case, as well as the kind which might have badly affected my career if I had not come across the website. Your skills and kindness in dealing with every item was useful. I’m not sure what I would’ve done if I had not discovered such a stuff like this. It’s possible to at this time relish my future. Thank you very much for your high quality and effective guide. I will not be reluctant to refer the sites to any person who desires guide about this issue.

  7. Highly unique piece of writing. I normally do not comment article, however this time I made an exception, because I have seen here a lot important information. Thank you for the fascinating and useful knowledge. I see this issue increases a lot of interest, judging by the number of comments. I view some other articles, and certainly I will come back again quite often.

  8. That is the correct weblog for anybody who needs to seek out out about this topic. You notice so much its nearly laborious to argue with you (not that I actually would need??¦HaHa). You definitely put a new spin on a subject thats been written about for years. Great stuff, simply nice!

  9. Wow! This could be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Fantastic. I’m also a specialist in this topic so I can understand your effort.

  10. Very interesting write-up. I often really don’t comment article, however this time I made an exception, because I have found here a lot important tips. Thank you for the useful and useful know-how. I discover that subject boosts a ton of interest, judging by the amount of commentary. I see some other topics, and most certainly I will come returning regularly.

  11. C3 is Wayne’s most absurd album to date but it’s also his most personal. “Shoot Me Down”, with its “Lose Yourself”-style guitar chug and ominous hook, has the rapper looking all the way back to age 12

  12. I think other website proprietors should take this website as an model, very clean and magnificent user genial style and design, let alone the content. You’re an expert in this topic!

  13. I do enjoy the way you have presented this particular issue plus it does indeed provide me personally some fodder for consideration. On the other hand, from what precisely I have experienced, I just wish when the responses pack on that individuals stay on issue and don’t embark upon a tirade involving the news du jour. Yet, thank you for this fantastic piece and though I do not agree with this in totality, I respect the viewpoint.

  14. Along with every thing which appears to be building inside this specific subject matter, a significant percentage of opinions are actually quite radical. However, I beg your pardon, but I can not subscribe to your entire idea, all be it exciting none the less. It would seem to everyone that your opinions are not totally justified and in simple fact you are generally yourself not really totally confident of your assertion. In any event I did take pleasure in examining it.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>