US Misses Small Biz Contract Goals For 7th Straight Year

Law360, New York (July 3, 2013, 6:16 PM EDT) -- U.S. agencies narrowly missed their goal of awarding 23 percent of their contracts to small businesses, making it the seventh straight year the government has fallen short, according to a Tuesday report by the U.S. Small Business Administration.

Overall, the government gave 22.25 percent of its contract dollars to small businesses, for a total of $89.9 billion. That improved on 2011, when the government gave 21.65 percent of its contracts to small business, according to the SBA's 2012 procurement scorecard.

Agencies exceeded their goal of awarding...
To view the full article, register now.