- June 18, 2021
- Posted by: Stratford Team
- Category: Business
A nearly decade-old acquisition initiative is drastically cutting the number of small businesses receiving government contracts, as awards instead fall into the hands of fewer and larger firms. The drop, which hit women-owned and veteran-owned businesses particularly hard, highlights the problems associated with the government’s purchasing practices.
A report from the Women’s Chamber of Commerce found that the federal acquisition process category management has led to a drop in the number of small business vendors participating in government contracting. Since 2017, small businesses showed a 24% fall. Women-owned suppliers dropped more than 22%, while veteran-owned suppliers dipped more than 17%.
“The contracts themselves are getting bigger and bigger and bigger,” Margot Dorfman, CEO and co-founder of the Women’s Chamber of Commerce, told Tom Temin on Federal Drive….
