U.S. May Miss Small-Business Contract Goal for 12th Year in Row
This article is for subscribers only.
The U.S. government missed its small-business contracting goal in fiscal 2011 for at least the 11th straight year and may be on its way to the 12th.
The U.S. has a target of awarding 23 percent of eligible prime, or direct, contracts to small businesses. It awarded them 21.7 percent of more than $423 billion in such awards in the fiscal year that ended Sept. 30, down from 22.7 percent the previous year, according to data released by the Small Business Administration yesterday.