The Harlow Report-GIS
2023 Edition
ISSN 0742-468X
Since 1978
On-line Since 2000
first published week of: 02/20/2023
Small Business Participation in Federal Marketplace Continues Decline Despite $159 Billion in Awards
by Chris Riotta
The number of small businesses that received federal contracts in fiscal year 2022 was less than half the number that received contracts in 2012, according to a new report.
The number of small businesses receiving federal contracts continued a sharp and years-long decline in 2022 despite a record-breaking $159 billion awarded to small businesses throughout the year, according to a new report.
The increasing popularity of “best-in-class” contracts and other vehicles that consolidate contracting opportunities hampered small business participation in the federal marketplace last year, the government contracting market intelligence platform HigherGov said in a report published on Monday.
“Small businesses are critical engines of technological development in the United States,” Justin Siken, founder of HigherGov, said in a statement. “As the number of small businesses participating in the federal market has shrunk dramatically over the past decade, the government increasingly risks losing access to emerging technology and ideas.”
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