The U.S. Small Business Administration says small businesses in Indiana received more than $876 million in contracts from the federal government in fiscal year 2019.
The SBA has released its FY 2019 Small Business Federal Procurement Scorecard, which shows a record-breaking $132.9 billion in prime federal contracts nationwide.
The annual scorecard assesses how well federal agencies reach their goals to award contracts and subcontracts to small businesses. The SBA said 26% of federal contracting dollars were awarded to small businesses last year.
One such recipient is Indianapolis-based CSCI Consulting, a woman-owned enterprise.
“The $876 million that small businesses here in Indiana secured in federal contracts represented an incredible impact to our economy in FY 19 and supported job creation, innovation and growth,” SBA’s Indiana District Director Stacey Poynter. “This has allowed companies like CSCI Consulting and others to thrive creating new jobs, building stronger communities and improving the quality of life of all who live in Indiana.”
The SBA said the contracting goals include a certain percentage of contracts awarded to small businesses that are owned by women, disadvantaged businesses, service-disabled veteran-owned and small businesses located in Historically Underutilized Business Zones.
Poynter said the federal contracts have helped CSCI to grow its corporate infrastructure and expand its new and larger corporate headquarters in the Fort Benjamin Harrison Historic District.