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Federal Government Exceeds Contracting Goal as Part of Record-Breaking $120 billion to Small Businesses

(Washington D.C., June 26, 2019) – Yesterday, the Small Business Administration (SBA) announced that the U.S. Federal Government has met its 23% small business contracting goal for the sixth consecutive year, awarding 25.05% in federal contract dollars to small businesses totaling $120.8 billion, an increase from the previous fiscal year of nearly $15 billion.

The Federal government also exceeded the FY18 service-disabled veteran-owned small businesses (SDVOSBs) goals and increased the prime contract dollar awards in all small business categories from previous years.

“The SBA’s leadership and dedication to improving small business success in the federal marketplace plays a significant role in ensuring that the federal government not only meets its small business contracting goals but exceeds them,” stated Barbara Ashe, National Director of the Veteran Institute of Procurement (VIP).

“I can’t overemphasize the impact of the SBA’s support of veteran-owned small businesses in the

federal market. Since 2012, the federal contracting goal of 3% for service-disabled veteran-owned small businesses has not only been met but has increased each year, reaching 4.27% this fiscal year.”

“These success

es are definitely the result of a team effort,” stated Larry Stubblefield, Associate Administrator of the Office of Veterans Business Development for the U.S. Small Business Administration, “including the very important role VIP played in helping the federal government exceed the SDVOSB goal. SBA is proud of its partnership with VIP and all the organization does for the veteran entrepreneurial community. VIP is clearly making a difference.”

The Veteran Institute of Procurement (VIP) was founded in 2009 and provides comprehensive instruction to veteran owned small business executives that specifically addresses federal procurement. To date, VIP has trained more than 1,300 VOSBs and SDVOSBs in 49 states, D.C., and Guam.

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