Small businesses make headway in government: Are you properly registered?

August 11, 2022 by Leave a comment

By Kevin P. Young, Consulting Market Analyst

There’s good news for small business federal government contractors in the recent announcement from the U.S. Small Business Administration (SBA) that the Biden-Harris Administration exceeded its small business federal contracting goal in 2021. According to the SBA, the administration awarded 27.2 percent, or $154.2 billion, in new contract dollars to small businesses – an increase of $8 billion increase from 2020.

The SBA has a goal of 23 percent to 26 percent of all System for Award Management (SAM)-registered federal procurements be targeted for small businesses – direct, via prime contractors and via procurement vehicles/channels.

Although the news is good and, despite the overall increase in the dollar value of small business awards, the absolute number of small businesses receiving prime contracts with the federal government decreased again in FY21.

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Filed under Contracting, Public Policy, Sales Tagged with ,

Do You Qualify for the New Small Business Size Standards?

July 8, 2014 by Leave a comment

Jeff Ellinport_Gov Sales Insider_65 x 88by Jeff Ellinport, Deputy General Counsel

The Small Business Administration (“SBA”) is changing its revenue based size standards to account for more than five years of inflation since the last adjustment. The new size standards take effect on July 14, 2014 and affect almost one-half of the NAICS code industries including services, information, construction and retail. With this adjustment, theSBA Seal largest revenue-based small business size standards will be $38.5 million, up from $35.5 million. This adjustment is separate from the SBA’s comprehensive review of all size standards required every five years by the Small Business Jobs Act of 2010. Businesses may want to review the new size standards to determine whether they now qualify as a small business concern. Additionally, current government contractors should make sure their certifications are up to date based on these new size standards in the System for Award Management (SAM). You can read the SBA’s announcement here:  http://www.sba.gov/content/what%27s-new-with-size-standards

Filed under Contracting Tagged with , , ,

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