Federal Government Spent More with SMB in 2009

I don’t know why it took the SBA nearly an entire year to compile its data, but today the SBA released the total purchases made by the U.S. Federal government across five categories of small business. The federal government operates on a fiscal year that begins October 1 and ends September 30. The study just released was for FY 09 which ended September 30, 2009.

 

Here are the five categories of small businesses tracked and the amount spent in 2008 and 2008. While the government hit their goal for procuring goods or services from small business in the category called Small Disadvantaged Businesses, they missed on the other four.

 

 

 

The SBA graded 24 federal agencies by how well they did in working with small businesses. The full report is available at http://www.sba.gov/aboutsba/sbaprograms/goals/index.html. Each agency was graded on a scale of A to F based on meeting each agencies goals for small business procurement.

 

There was a substantial amount of artificial federal stimulus dollars that affected 2009 numbers that won’t be there for 2010. Given the SBA’s slowness at compiling the data, we won’t know how well the federal government did for FY 2010 until about this time next year.

Sam Thacker is a partner in Austin Texas based Business Finance Solutions.

You may contact Sam directly at: sam@lesliethacker.com

or follow him on Twitter: SMBfinance

 

EXTRA: If you have questions for Sam regarding business financing, the credit market, and similar issues, please send an e-mail. Your questions will be recorded and Sam will answer the best ones in his Ask the Expert podcast show.