Small businesses received a record $158.7 billion in federal contracts in fiscal year 2022 — but fewer small businesses than ever got a piece of the pie.which offers market intelligence and development tools for government contractors, showed the total dollar amount going to small businesses has grown significantly since 2010, but the number of businesses has continued to shrink. In 2010, the number of small businesses that received government contracts hit 121,270, according to the report.
He noted the federal government is pretty generous when it comes to defining what a small business is, and that businesses under $25 million in revenue will qualify — not exactly what many people envision. “Putting more dollars in is the easiest thing you can do. It requires minimal effort to just throw more money at something. It takes actual effort for agencies to get new businesses involved,” he said.
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