SmallBusinessNewz

Small Businesses Receiving More Federal Contracts

Small businesses received a record 96.8 billion in federal prime contracts in Fiscal Year (FY) 2009 (Oct. 1, 2008-Sept. 30, 2009), an increase of more than $3 billion from FY from FY 2008, according to the U.S. Small Business Administration's fourth annual small business procurement scorecard released today.This dollar amount represents 21.89 percent of all federal spending -- an improvement over FY2008. Additionally, performance in each of the government's socioeconomic subcategories increased for FY2009.