The Department of Labor announced that its procurement practices have earned the department an “A” score – for the 15th consecutive year – on the Fiscal Year 2023 Small Business Procurement Scorecard.
Compiled by the Small Business Administration, the scorecard measures the contracting opportunities federal agencies make available to small, small disadvantaged, women-owned, service-disabled veteran-owned businesses and those in Historically Underutilized Business Zones or “HUBZones.”
The department is one of four agencies – out of the 24 federal agencies rated – that achieved all small business goals at the prime and subcontracting level.
In support of small businesses, the department accomplished the following in FY 2023:
- Achieved $985 million in contract actions, one of the highest spend in contract dollars at the prime level.
- Awarded two-thirds, or $118.5 million in subcontracts in underserved communities.
- Awarded women-owned businesses $151.6 million in prime contracts and $26.8 million in subcontracts.
- Increased subcontract awards to service-disabled veteran-owned by 3.4 percent over FY 2022 and awarded $137 million in prime contracts to disabled-veterans.
- Processed $295 million to HUBZone communities, marking the highest total in the department’s procurement history.
- Increased subcontracts in all underserved communities by 10.77 percent over FY 2022.
Review the full FY 2023 Small Business Procurement Scorecard.