US Department of Labor receives top marks in Small Business Federal Procurement Scorecard for fourth consecutive year
WASHINGTON, DC – The U.S. Department of Labor received an A+ on the Small Business Administration’s recently announced Fiscal Year 2020 Small Business Federal Procurement Scorecard, marking the fourth straight year the department has received the scorecard’s highest grade. The scorecard measures the contracting opportunities federal agencies make available to small, small disadvantaged, women-owned, service-disabled, veteran-owned and Historically Underutilized Business Zone businesses globally.
Over fiscal year 2020, the department awarded $880 million in prime contracts and $166 million in subcontracts to small businesses, a 6.28 percent increase in prime contract dollars from last fiscal year and the highest-ever total awarded to small businesses. The department increased its awards to women-owned small businesses by 8.10 percent to $280 million and 5.83 percent to service-disabled, veteran-owned small businesses to $145 million. More than two-thirds of the subcontracts awarded by the department went to small businesses, while tripling the 3 percent target of awards processed to underserved communities in HUBZone areas.
This noteworthy accomplishment reflects the department’s continuous commitment to advancing equity in federal contracting and procurement opportunities to small businesses.
Of the 24 federal agencies that participate in the review, the Department of Labor is one of eight agencies to achieve an A+ on the scorecard.