Women Owned Small Business Making an Impact in the Federal Marketplace
Post filed in: Small Business
In recognition of Women’s History Month, GSA’s Office of Small and Disadvantaged Business Utilization will feature posts focused on women in small business and how GSA is working to support them and the small business economy.
We know that women-owned small businesses contribute to the strength of our U.S. economy and are a critical component to government purchasing. In Fiscal Year 2020, GSA had a total eligible spend of $5.3 billion. Of that, small businesses represented $2.6 billion or 49 percent, exceeding our 29 percent goal.
Accounting for $557 million, or about 10 percent, of that total eligible spend, are women-owned small businesses. This means more than half a billion dollars in GSA’s federal contracting opportunities are directed to small businesses owned by women.
Even in the midst of a global pandemic, we continually strive to create opportunities for women-owned small businesses. As GSA responded to COVID-19, women-owned small businesses stepped up to support the federal government. Women-owned small businesses accounted for $25.6 million, or 14.58 percent, of contracts awarded to provide personal protective equipment and other pandemic services and supplies. As we continue to respond to the pandemic as a nation, women-owned small businesses will remain a key part of our success.
To learn more about GSA’s commitment to the small business community, visit https://www.gsa.gov/small-business.