Biden-Harris Administration Awards Record-Breaking $178 Billion in Federal Procurement Opportunities to Small Businesses
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May 5, 2024
WASHINGTON — This week, the U.S. General Services Administration (GSA) earned an A+ on the Small Business Administration’s (SBA) Small Business Procurement Scorecard for Fiscal Year 2023, the 14th year in a row that GSA has earned an “A” grade or higher.
“We take great pride in our duty to create a more resilient federal marketplace while boosting the success of small and historically underserved businesses – a key priority of the Biden-Harris Administration,” said GSA Deputy Administrator Katy Kale. “Not only do they offer the innovative products and services that the government needs, but they play vital roles in building stronger communities, creating jobs, and supporting working families across the country.”
The SBA annual scorecard assesses federal agency performance in meeting their goals for small businesses and socioeconomic prime contracting and subcontracting. It also takes into account the extent to which federal agencies are committed to encouraging small business participation in federal contracts.
“SBA’s recognition showcases our strong dedication to maximizing small business involvement and advancing the Administration’s efforts to support small businesses,” said Exodie C. Roe III, Associate Administrator of GSA’s Office of Small and Disadvantaged Business Utilization (OSDBU). “This achievement is a result of the successful collaboration between OSDBU, agency leadership, and the GSA acquisition community in achieving our small business goals. It’s an honor to be among the 10 agencies that received an A+ rating.”
During fiscal year 2023, GSA awarded more than $3.3 billion to small businesses and more than $1.3 billion to small disadvantaged businesses; or, more than 50% of GSA’s eligible spend in the small business category. At the prime contract level, GSA also exceeded all of its small business and socioeconomic small business goals.
“A robust economy is built on expanding opportunities for small and socioeconomic small businesses,” said Roe. “GSA’s OSDBU actively supports these businesses and reduces barriers to contracting through a range of initiatives.” These include:
- Advocating to maximize opportunities for small and socioeconomic small businesses in every federal contract.
- Reviewing acquisitions over simplified acquisition threshold for maximum practical small business participation when not set aside for socioeconomic small businesses.
- Hosting virtual and in-person matchmaking sessions as well as nationwide training events for prime contractors and subcontractors.
- Promoting policies and regulations that enable small business participation.
Small and socioeconomic small business owners interested in federal contracting opportunities can explore the Federal Forecast of Contracting Opportunities Tool, a comprehensive resource that includes listings from GSA, the Department of the Interior, the Department of Labor, SBA, and the U.S. Office of Personnel Management. This tool is designed to empower small business owners with the information they need to succeed in the federal marketplace.