NEW YORK (AP) — The government has reached its annual goal of giving small businesses 23 percent of contracts for the first time in eight years.
Small companies received 23.39 percent of federal contracts in the fiscal year that ended Sept. 30. The contracts were worth $83.1 billion. Small Business Administration head Maria Contreras-Sweet made the announcement Friday.
The 23 percent goal is for primary contracts awarded by the government as a whole. All but five agencies met individual goals. Those five were the Departments of Defense, Energy, Homeland Security and Justice and the National Science Foundation.
The government didn't meet its goal to give small businesses 36 percent of subcontracts.
House Small Business Committee Chairman Sam Graves, R-Mo., who sponsored contracting legislation in recent years, wants the government's goal raised to 25 percent.
Original headline: Govt meets goal for small business contracts
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- 'The Voice' Sounds Different This Season
- Congress Casts a Coy Vote on ISIS War
- Investors Fret Yahoo's Future, Stock Dips
- E-scrap Recyclers Find Profits in Upgrades
- Lower Used-Car Prices Roil the Auto Industry
- At Groupon, Not a Good Deal of Workplace Diversity
- Utah Hosts US Hispanic Chamber of Commerce Meeting
- Porn Lovers Get a New Search Engine
- NSHMBA to Rebrand With New Name, Logo