Government Falls Short on Small Biz Goal
The federal government has once again failed to meet the goal of awarding 23% of contract money to small businesses. This is the 6th year the government has fallen short of this goal.
In the past year the government only gave 21.7% of contract money to small firms. The last time the government reached their goal of awarding 23% was in 2006. In the past 12 years the goal has only been reached three times.
“The goal hasn’t been met, because there hasn’t been an incentive for agency staff to do so,” said Rep. Sam Graves.
There are many small businesses in the U.S. that need government contract money. Hopefully in the coming year the federal government will improve their track record for awarding contract money to small businesses.