NEW YORK (AP) — Small businesses got a larger piece of the federal contracting pie in the fiscal year that ended Sept. 30, although the government still fell short of its goal for contracts for small companies.
The Small Business Administration said Tuesday that 22.25 percent of all federal contracting dollars went to small businesses in fiscal 2012, up from 21.65 percent in fiscal 2011. But it was less than the 23 percent goal set in the Small Business Act. The government has not reached its goal in the last seven years.
The government awarded a total of $404.2 billion in contracts in the last fiscal year.
Six federal agencies met their goals for granting contracts to small businesses, including the Departments of the Interior and Transportation, the Treasury, the General Services Administration, the Nuclear Regulatory Commission and the Small Business Administration.