November 15, 2018  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs

 

Small Business Finance News

 

SBA Says More Federal Contracts Went To Small Businesses In 2009

Written by Ken Gaebler
Published: 8/30/2010

Small businesses given $96.8 billion in gov't contracts in 2009.

The U.S. Small Business Administration recently announced good news for small business owners about how much money the government has handed out to them.

Entrepreneur Mixed Financial Results

In a statement, the SBA said that small businesses were given $96.8 billion worth of contracts by the federal government in 2009, which represented an increase of more than $3 billion from the previous year. While spending represented 21.89 percent of the federal budget, it fell short of Congresses' goal of 23 percent.

"There was an increase in both dollars and contracting share for every small business category. This represents real progress, but not enough, we must reaffirm our commitment to ensuring that the 23 percent goal is met and exceeded," SBA Administrator Karen Mills said. She went onto say that more government contracts benefitted everybody and that the increased funds "provid[ed] small businesses with the opportunity to grow and create jobs, and offer innovative services and essential goods to the government at great value to the taxpayers."

The SBA made headlines recently after making emergency loans available to residents in Illinois affected by severe storms and flooding. The SBA said that it would make $2 million available to businesses that had lost equipment as a result of the disaster.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:

 


About Our News for Small Businesses

If you enjoyed this article, you can find plenty more like it on our site. We cover important news stories for business owners. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover common small business challenges like writing a business plan, preparing a marketing plan, getting publicity and much more.

 

 

Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools

Economics

Lists of Small Business Incubators

Lists of Angel Investors