The federal government exceeded its overall small business contracting goals for the seventh consecutive year in fiscal 2019 by awarding $132.9 billion in prime contracts, which was an increase of more than $12 billion from the previous year.
On August 12, the Small Business Administration reported that in fiscal 2019 federal agencies awarded 26.5% of total prime contract dollars to small businesses, which surpassed the goal of 23%. Additionally, agencies broke records for prime contracts awarded to women-owned, service-disabled veteran-owned and small disadvantaged businesses.
