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Small Businesses Awarded Record $65 Billion in Fed Government Contracts in 2003

WASHINGTON - The federal government used the services of small businesses in a big way in 2003 awarding them $65.5 billion in contract dollars, a figure that was recently revised upward of $3 billion, pushing it to an all-time high. The U.S. Small Business Administration recently announced that small businesses...

By Staff Writer | Updated on June 29, 2004

WASHINGTON – The federal government used the services of small businesses in a big way in 2003 awarding them $65.5 billion in contract dollars, a figure that was recently revised upward of $3 billion, pushing it to an all-time high. The U.S. Small Business Administration recently announced that small businesses accrued $65.5 billion to do business with the federal government in fiscal year 2003 representing a 23% jump over fiscal year 2002. “The prime contracting totals represent a victory for America’s small business owners,” said Emily Murphy, SBA government contracting senior adviser. “Not only did the government meet its own stringent statutory goals, but it broke records by awarding more contracting dollars to America’s small businesses than ever before.”

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