MILWAUKEE — The U.S. Small Business Administration’s (SBA’s) release of the Fiscal Year 2018 Small Business Federal Procurement Scorecard shows a record-breaking $120.8 billion in prime federal contracts — 25.05% of the federal contracting dollars — were awarded to small businesses. The numbers are an increase of nearly $15 billion over the previous fiscal year and mark the sixth consecutive year the federal government exceeded its small business contracting goal. Here in Wisconsin, $780 million in federal contracts went to area small businesses.

“These record-breaking national numbers are a win-win, as, along with supplying the government with the goods and services needed to operate, they support our nation’s small businesses and entrepreneurs, as well as their employees and local communities,” SBA’s Great Lakes Regional Administrator Rob Scott said. “The accomplishments here in Wisconsin are a direct result of our continuous government-wide focus on increasing small business contracting opportunities. This focus starts at the top with the President’s commitment to small businesses and funnels through to our field offices’ outreach efforts focused on helping them start, grow and expand.”

The measured socio-economic categories also achieved national historic highs this year. Small, disadvantaged businesses received 9.65%, or $46.5 billion, of all small business eligible contracting dollars, the highest percentage since 2016. Service-disabled, veteran-owned small businesses received $20.6 billion (4.27% of all eligible contracting dollars) and women-owned small businesses received $23 billion of eligible contracting dollars — the highest amount ever. Historically Underutilized Business Zone small businesses received about $10 billion of all eligible funds, representing 2.05%, the highest achievement in the last six years. 

In its efforts to help small businesses secure federal contracts, the SBA promotes its programs to procuring federal agencies and small businesses, frequently holding training sessions across the country to educate contracting officers on the requirements for SBA’s 8(a) Business Development, HUBZone, women-owned and service-disabled veteran-owned small business programs. It also works closely with the National 8(a) Association, Native American Contractors Association, Native Hawaiian Organization Association, Women Impacting Public Policy, American Express and other national and local organizations on contracting outreach efforts.