Small Business Contracts Reach Almost $100 Billion in FY2016

For the fourth year in a row, the federal government reached its small business contracting goals, spending nearly $100 billion — or 24 % of its contracting dollars — on small businesses.

That’s a $9 billion increase over fiscal 2015 numbers. The government also scored an A+ on its procurement scorecard, according to the Small Business Administration.

“It is a win-win for federal agencies to get small business contracts into the hands of the innovative small business owners that create jobs in their communities and help to fuel the nation’s economy,” said SBA Administrator Linda McMahon in a statement.

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