Government Breaks Record For 5 Separate Small Business Contracting Goals In FY 14.July 6, 2015
The Department of Defense, which accounts for roughly 65% of small business contracts, awarded 23.5 percent of its contracts to small firms - which is the highest in its history.
The federal government also broke 3 other records for FY14 including:
- awarding 9.5 percent of federal contracts to economically and social disadvantaged businesses vs. a goal of 5 percent.
- awarding 3.7 percent of contracts to firms owned by service-disabled veterans vs. a goal of 3.0 percent.
- awarding 4.7 percent of contracts to women-owned businesses. While this was the highest percentage ever recorded, it was slightly less than the 5 percent goal.