The SBA has announced that small businesses won $96.8 billion in federal contracts in fiscal year 2009, a $3 billion increase over FY 2008.
SBA Administrator Karen Mills said while the increase represents progress, the agency must do more. The $96.8 billion in federal contracts represents 21.89% of all federal spending. Mills said the agency aims to meet and exceed its 23% goal. The SBA's 2009 fiscal year was Oct. 1, 2008 through Sept. 30, 2009.
The SBA said it is required to report to President Obama and Congress on achievements by federal agencies and departments against their annual goal to ensure greater accountability.