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Feds meet small business contracting goal

According to the U.S. Small Business Administration (SBA), $91.1 billion of federal contracting dollars, equal to 24.99 percent of all federal spending, went to small businesses in Fiscal Year 2014.

This is the second year in a row that the federal government has met its small business contracting goal of 23 percent and is the highest percentage achieved since the small business contracting goal was established in 1997.

"We're celebrating the federal government's best year ever for small business contracting and it's a testament to the world-class services that America's entrepreneurs are providing their government across every federal agency," said SBA Administrator Maria Contreras-Sweet.

The SBA has also released a scorecard for each federal agency that evaluates their progress toward meeting the federal small business contracting goal. Each scorecard can be found at https://www.sba.gov/content/small-business-procurement-scorecards-0.