Myth #1 – “Only Big Companies Win Contracts”
Fact – Preferential treatment is actually given to small, minority, woman, handicapped and service disabled owned business. Small businesses get awarded close to 25% of all federal contracts.
Between 1/1/2017 through 10/1/2019: 8(a) firms were awarded $34.5 billion in federal contracts. Of that amount, these 8(a) firms were awarded $14.65 billion through 8(a) competitive set-asides and $19.87 billion through sole-source contracts. Hubzone firms were awarded $2.75 billion through set-asides and $161.15 million through sole-source contracts..