Fiscal year 2016 was a great success for small business contractors working with the GSA. The newest numbers from the Office of Small Business Utilization (OSBU) shows that there are currently 12,367 small business within the MAS program!
Here’s the further breakdown:
| Small Disadvantaged | 3051 |
| Women-owned | 3434 |
| 8A | 1514 |
| HUBZone | 540 |
| Service-disabled, Veteran-owned | 1296 |
| Veteran-owned | 2284 |
Overall FY16 seemed to fare well for small businesses with more than $13 Billion dollars’ worth of contracts going directly to them.
The Federal Government is proving to be more frugal than ever before and is utilizing cost savings programs and cross agency spending initiatives to cut costs but not quality.
Looking at government spending in FY 2016, over $390 Billion were direct contract dollars throughout government spending (across vehicles and open bids). Spending was also slightly down from FY 2015 with the government spending $48,681,338,439 less in FY16. Average dollars spent per year between 2008 and 2016 was $491,423,430,510 showing that FY 16 was almost a billion dollars below average over the last 8 years.
GCS is looking forward to the next fiscal year and the opportunity that it will bring to government contracts. Don’t forget that now is the best time to forecast opportunities and to start reaching out to your government contacts to make sure no stone goes unturned. We’re always here if you have any questions!
