Department of Labor recognized by Small Business Administration for excellence in procurement practices to support small businesses

WASHINGTON – 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.