FCW: GSA announces four-fold increase in contracting opportunity goals for SDBs

“The General Services Administration has announced a major increase in annual goals to support contracting with small disadvantaged businesses (SDBs) as the Biden administration aims to steer $100 billion worth of expanded contracting opportunities to historically marginalized firms by 2025.

GSA said it was hiking up its contracting SDB goals for fiscal year 2022 to 21%, representing a four-fold increase from the agency’s goals set last year…”

“Exodie Roe, associate administrator for the GSA’s Office of Small and Disadvantaged Business Utilization (OSDBU), said in a statement that the agency obligated just over 20% of its overall spend in fiscal year 2021 to SDBs, while allocating more than 46% to small businesses…”

“Last year, President Joe Biden announced plans to leverage federal procurement authorities to increase the share of federal dollars going towards Black and brown small businesses, among other marginalized firms, to 15% of every dollar spent. If successful, the administration will perform the largest increase in SDB contracting outlays in the entire 30 years that data on contracting opportunities for SDBs has been collected…” Read the full article here.

Source: GSA announces four-fold increase in contracting opportunity goals for SDBs – By Chris Riotta, March 24, 2022. FCW.

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