For the second year in a row, agencies awarded more than 28% of all eligible prime contracts to small businesses in fiscal 2024.
The Small Business Administration quietly released its annual small business scorecard on Monday, showing agencies spent $183.5 billion with small firms last year — topping the government’s record in 2023 by $5 billion.
Agencies also spent a record $69.6 billion through small business set-aside contracts in 2024, again topping their previous all-time high of $66.6 billion in 2023.
In all, 21 out of 24 agencies received an “A” or “A+” on their individual scorecard, meaning they achieved at least 100% of their small business goals. Only NASA, the Department of Health and Human Services and the U.S. Agency for International Development didn’t meet their goals NASA and HHS received “B” grades and USAID earned a “C.”