Government awards $1.1B in contracts to Wisconsin small businesses during FY2022 

The U.S. Small Business Administration (SBA)’s release of the Fiscal Year 2022 Small Business Federal Procurement Scorecard shows a record-breaking 26.5% of federal contracting dollars awarded to American small businesses. This historic level amounts to a $162.9 billion investment in the small business economy — an $8.7 billion increase from the previous fiscal year.

According to data compiled by the SBA, 21.87% of the purchases made by the U.S. government in the Great Lakes Region of Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin were from small business owners. Of the $5.9 billion spent on federal contracts in Wisconsin, $1.1 billion, or 17.35%, of those total dollars were spent buying products and services from Wisconsin’s small businesses.

In its efforts to help small businesses secure federal contracts, the SBA promotes its programs to procuring federal agencies and small businesses, frequently holding training sessions across the country to educate contracting officers on the requirements for SBA’s 8(a) Business Development, Historically Underutilized Business Zone, women-owned, and veteran- and  service-disabled veteran-owned small business programs.

It also works closely with other national and local organizations on contracting outreach. For more information on SBA federal contracting programs and assistance, check out the federal contracting section of the SBA website.