Small Businesses Win $79.6 Billion In Federal $'s

Small Businesses Garner $79.6 Billion In Federal Contracts in FY 2005
For the first time in history, small businesses received a record-breaking $79.6 billion in federal prime contracts, $10 billion more than the year before.The contracts represented 25.4 percent of federal prime contracting dollars in FY 2005, surpassing the overall government statutory goal of 23 percent for the third consecutive year.

The small business contracting data was reported by the government’s Federal Procurement Data –Next Generation (FPDS-NG) system, the only official data reporting system for federal procurement data. The data show that the federal government purchased $314 billion worth of goods and services from businesses large and small.

“This is excellent news for small businesses doing business with the federal government,” said previous SBA Administrator Hector Barreto. “For the third year in a row, the federal government has met or exceeded its small business contracting goal.

The Department of Defense, the leading purchaser of goods and services, awarded $53.8 billion of its contracts, or about 24.6 percent, to small businesses.

For the full report, visit http://www.sba.gov/GC/goals/SmallBusinessGoalingReport_2005.pdf.
For supplemental information on the data, visit http://www.sba.gov/GC/goals/DisclaimerstotheFY2005SmallBusinessGoalingReport.pdf.