Small Business

Record number of contracts for small businesses

Small businesses won a record $83.2 billion in federal prime contracts in fiscal year 2007, an increase of almost $6 billion from 2006, according to the U.S. Small Business Administration's second annual small business procurement scorecard, which was released last week. All told, the federal database shows that agencies awarded 22 percent of their contracting dollars to small firms, just short of the 23 percent government-wide goal.