Federal Contract Awards Hit $773.68B in FY24, Small Businesses See $4B Increase
As this fiscal year (FY25) brings change and uncertainty, we review and analyze the federal government’s contract awards for FY24.
Understanding SBIRs/STTRs Federal Contract Spend
Read our blog post on the SBIR and STTR programs, designed to allocate federal contract spend to innovation and entrepreneurship.
Federal Contracts Reach a Record $774.6B in FY 23
In FY 2023, federal contract awards surged to a record $774.6B, led by defense agencies and bolstered by small business set-asides in areas like health, energy, and veterans affairs.