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Home » President Calls for More Federal Contracts for Disadvantaged Small Businesses
Procurement

President Calls for More Federal Contracts for Disadvantaged Small Businesses

June 2, 2021Updated:July 24, 2024No Comments1 Min Read
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On June 1, President Biden called for an “all-of-government effort to expand contracting opportunities for underserved small businesses across the country.” Among other initiatives, the goal is to increase the share of contracts going to small, disadvantaged businesses (SDB) by 50 percent by 2026, which the administration calculates as an additional $100 billion to SDBs over the five-year period. SDBs include 8(a) participants and other small businesses that are at least 51% owned and controlled by socially or economically disadvantaged individuals or groups. The Administration is silent about the other small business subcategories such as Women-Owned Small Businesses, HUBZone Small Businesses, and Service-Disabled Veteran Owned Small Businesses. According to a recent Congressional Research Service report that analyzed federal contracts in FY2019, SBD contractors received 8.69% of all federal contracts and 10.13% of all small business eligible federal contracts.

For more information, contact jordan.howard@agc.org or (703) 837-5368

Federal Contracts Federal/Heavy SBA
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