Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA)and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that the Biden-Harris Administration exceeded its small business federal contracting goal, awarding 27.2 percent or $154.2 billion in federal contract dollars to small businesses, an $8 billion increase from the previous fiscal year.
The share of contracts going to small businesses equates to 27.2 percent of total federal contracting funds. Combined with $72 billion in subprime contracting goals, this historic spend has supported over one million jobs in the American economy.
In Wisconsin, small entrepreneurs were awarded $1.1 billion in federal contracts in FY21. More than 1160 Badger State businesses have obtained federal contracting certifications and are eligible to compete for such contracts, with 839 businesses receiving contracts this year.