For eight years in a row, the federal government has met its statutory goal of small businesses receiving 23 percent of procurement spending. Underneath that top-line achievement, however, are worrying trends.
Over the last decade, the number of small businesses participating in the federal procurement marketplace has fallen by nearly 40 percent. In that same time period, the number of new small business entrants into federal contracting fell by almost 80 percent.
The top-line statutory goal, in other words, has been met with more dollars awarded to fewer small businesses. This is something that policymakers of all stripes would like to reverse.
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