Small Firms Got $100 Billion in Contracts, But Goal Not Met

More federal-contract dollars went to small firms in 2010 than 2009, according to a report released Friday.

Small businesses won $97.95 billion, or 22.7% of eligible contracts last year, up from 21.9% in 2009, but still shy of the 23% goal the government set.

The Small Business Administration, which issues the annual contracting scorecard, says the increase came from cross-collaboration efforts between government agencies to find and solicit contract opportunities for more small firms. The SBA intends to continue those efforts to boost the numbers next year.