The U.S. Small Business Administration (SBA) recently announced that the Biden-Harris Administration has exceeded its small business federal contracting goal, awarding $154.2 billion in federal contract dollars to small businesses.
Small Businesses Awarded $154.2 Billion in Government Contracts
The amount is an $8 billion increase from the previous fiscal year, with the share of contracts going to small businesses equating to 27.2% of total federal contracting funds. Along with the $72 billion in subprime contracting goals, this ‘historic spend’ has helped to support over a million jobs in the American economy.
