“font-size: 9.0pt; line-height: 115%; font-family: Verdana; color: black;”> Federal spending with Small Disadvantaged Businesses (which includes small minority-owned businesses) was up for
“font-size: 9.0pt; line-height: 115%; font-family: Verdana;”>Fiscal Year 2010, with $34.39 billion (7.95 percent of federal contracts) for 2010 over $33.48 billion (7.57 percent) for FY 2009.
“font-size: 9.0pt; line-height: 115%; font-family: Verdana;”>The U.S. Small Business Administration released these numbers last week in announcing that the federal government awarded nearly $100 billion in federal contracts to small businesses in FY 2010, showing an increase in federal prime contract dollars to small businesses for the second straight year after four years of decline.
“font-size: 9.0pt; line-height: 115%; font-family: Verdana;”>In FY 2010, small businesses won a record $97.95 billion in federal contracts, or 22.7 percent of eligible contracting dollars. This marks the largest single year increase in more than five years, and is a significant improvement over FY 2009, when 21.9 percent of contracting dollars were awarded to small businesses.