The latest statistics on Federal small business contracting show the lowest participation by small businesses in recent history. According to current government figures, small businesses received a meager 17% of the total value of Federal contracts during fiscal year 2005. This number represents the lowest level of Federal contracts that have been awarded to small businesses in the past 20 years.
The Small Business Act of 1953 requires that 23% of Federal contracts go to small businesses. Last year, the SBA reported that 23.09% of contracts were awarded to small firms during FY 2004.
Full Story: http://www.targetgov.com/Content.asp?id=2313
No comments:
Post a Comment