Business

Government falls short of small-business goal

The National Science Foundation gave 15.38% of its contracting dollars to small businesses, short of its 20% goal.
The National Science Foundation gave 15.38% of its contracting dollars to small businesses, short of its 20% goal.

[USA TODAY]

The federal government narrowly missed its goal for small-business contracting work in 2012, making it the seventh consecutive year it has missed the goal.

Each year, the federal government aims to send 23% of its contracting dollars to small businesses. In 2012, small firms received 22.25% of that money — $89.9 billion.

The goals are especially difficult when federal agencies are looking to cut costs, said Small Business Administration associate administrator John Shoraka.

“There’s fewer dollars available out there,” Shoraka said. “That is the environment that we are in as a federal government.”

The last time at least 23% of federal contracting dollars went to small businesses was in 2005, and SBA press secretary Emily Cain noted that data were less accurate then than they are now.

Find out what the government has planned for small businesses at USA Today.

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NNPAFreddie

Freddie Allen is the National News Editor for the NNPA News Wire and BlackPressUSA.com. 200-plus Black newspapers. 20 million readers. You should follow Freddie on Twitter and Instagram @freddieallenjr.

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