Analysis

Small Biz Vendors Decline Despite New Federal Contract High

Law360 (August 14, 2020, 8:53 PM EDT) -- The annual dollar value of federal contracts awarded to small businesses broke a record in 2019 for the third year in a row, but the positive numbers obscure the continuing decline in the number of small businesses that participate in government deals.

In a procurement scorecard for the 2019 fiscal year released Aug. 12, the U.S. Small Business Administration announced the highest-ever number of contracts awarded by federal agencies to small businesses, by overall value. These companies won $132.9 billion in such prime contracts — a 10% increase from the previous year. That amount also accounts for more than 26% of...

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