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Government contracting goals are federally mandated goals requiring federal agencies to spend a specific percentage of contract dollars with small and diverse businesses. The Small Business Administration and each individual agency negotiate these goals, which, in aggregate, form the government-wide goal.
The current government-wide spend goal for small businesses is 23% of all contract dollars with subset goals in the following:
The federal spend goals vs. actual federal spend can be found on U.S. government’s small business data website.
While top business priorities like cost reduction, risk management, and sustainability remain steady, new economic policies, tariffs, and geopolitical changes are adding new complexity to supply chain strategies. Supplier.io recently hosted a webinar on the expected...
