Data Summary FY 2020 Federal Contracting
|Business Type||Percent||Eligible Dollars|
|Asian-Pacific American Owned Small||1.23%||$6,885,893,213|
|Subcontinent Asian American Owned Small||1.55%||$8,688,436,628|
|Black Owned Small||1.67%||$9,366,550,757|
|Hispanic Owned Small||1.78%||$9,953,668,578|
|Native American Owned Small||2.69%||$15,081,622,197|
|Other Minority Owned Small||0.48%||$2,680,329,763|
|Other Small Business||15.64%||$87,556,529,300|
|Not a Small Business||74.96%||$419,768,134,824|
|Total Eligible Dollars||100.00%||$559,981,165,260|
* In FY2020, small-business-eligible dollars totaled $559 billion. This includes all federal contracts except those excluded by SBA's Goaling Guidelines. This data does not apply to the double-credit and subcontracting adjustments required by statute for SBA's annual scorecard.
* Racial and ethnic categories are reflected here as they appear in the System for Award management when an entity registers to do business with the government. Classifications are self-reported. The other small business category reflects those firms who did not report as being minority-owned.
Each year SBA releases a Scorecard on how the 24 Cabinet and other agencies performed on their small business and socio-economic business contracting goals.
For the first time, SBA is also releasing contracting data that is disaggregated by race and ethnicity, which will serve as a baseline for evaluating our government-wide performance within each of the socio-economic categories.
President Joe Biden made a commitment in June to increase federal contracting with small, disadvantaged businesses to 15% over the next five years. This comes on the heels of the Executive Order he signed on day one, focused on advancing racial equity and support for underserved communities. The disaggregated data on federal contracting will help to ensure that we continue to tap into talent across our nation so that the federal government remains on the cutting edge of innovation.
“Just imagine if, instead of denying millions of entrepreneurs the ability to access capital and contracting, we made it possible to take their dreams to the marketplace to create jobs and invest in our communities,” Biden said during a speech in Tulsa, Oklahoma.