SBA Statement on Biden-Harris Administration Exceeding Small Disadvantaged Business Contracting Goal
In January 2024, the Biden-Harris Administration announced a bold goal of increasing the share of federal contracting dollars going to SDBs to 15% by FY2025, a 50% increase from spending levels when he first took office.
- In January 2024, the Biden-Harris Administration announced a bold goal of increasing the share of federal contracting dollars going to SDBs to 15% by FY2025, a 50% increase from spending levels when he first took office.
- As part of President Biden’s agenda , the SBA has announced new and improved initiatives to advance this goal – and we’re already seeing results.
- “Today’s announcement shows the results, with a new record of contract spending with Small Disadvantaged Businesses and steady progress towards President Biden’s goal of awarding 15% of federal contracting dollars to Small Disadvantaged Businesses by FY2025.
- The new procedures increase contracting opportunities for 8(a)-certified SDBs to ensure more equitable access to federal contracting dollars.