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Maria Contreras-Sweet: Federal Contracts for Small Firms Up $62B Over 5 Years

Maria-Contreras-Sweet
Maria Contreras-Sweet

The Small Business Administration has announced that government agencies have awarded contracts worth more than $83 billion combined to small businesses in 2013, Federal News Radio reported Monday.

SBA said agencies fulfilled their goal to award 23 percent of available contracts to small firms for the first time in nine years, Jason Miller reports.

Small disadvantage businesses received 8.6 percent of all contracts, women-owned small firms 4.3 percent and service disabled veteran owned firms 3.4 percent, according to the report.

Maria Contreras-Sweet, SBA administrator, said that contract awards for small businesses increased $62 billion over the past five years, the station reports.

Contreras-Sweet added that federal government awarded $459 billion in contracts to small companies during President Barack Obama’s first five years in office, Federal News Radio reports.

Miller writes the SBA rated 20 cabinet level agencies with an A grade for meeting their goals while three received a B rating and the Energy Department an F mark.

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