Often we hear small businesses voice their concerns about being a small fish in a big pond of the Federal Marketplace. In the 2016 Fiscal Year the Federal Government, as a whole, met or exceeded most of the set-aside goals that were set by the Small Business Administration (SBA). With only falling short in 2 of the 5 categories.
The small business set aside categories are broken down as follows:
1. Small Business: based on NAICS code
2. Small Disadvantaged Business: based on NAICS and net worth of owner
3. Woman Owned Small Business: 51% of business is owned and controlled by a woman or women
4. Service Disabled Veteran Owned Small Business: 51% of business is owned and controlled by a veteran who was disabled during their service
5. HubZone Certified Business: Business headquarters is located in an are that is deemed a historically underutilized business zone
If you qualify for one of the above set asides we highly recommend being certified. If you’re not sure if you qualify you can find out here, Small Business Certifications
On top of the SBA setting the government wide goals, each agency has its own goals for each category. We took a look at the top spending agencies and see that they are working hard to set aside contract for small businesses of various certifications.
Take a look at the below for 2017 goals breakdown and the 2016 actual numbers.