Cash is king in any small business, and the best way to get cash into your business is from your customers. The SBA announced in June that the federal government doled out over $120 billion in contracts to small businesses in the U.S. The federal government takes great pride in awarding contracts to small business and specifics groups (Disadvantaged Businesses, Disabled/Veteran Owned, Women Owned, and HubZone), so if you meet one or more of these criteria you have a leg up on many of your larger competitors. Many times the federal government doesn’t award contracts to small business or designated disadvantages groups simply because none apply.
So take advantage of these opportunities and contact your local SBA office today to navigate the opportunities to land the biggest customer of them all – the U.S. federal government. Here is a summary of the past five years awarded to each of the aforementioned groups:
Federally awarded small business contracts