Featured Article: “Women-owned small businesses win record $25.5B in federal contracts”

Women-owned small businesses won more federal contracting dollars in fiscal 2023 than ever before. New data from Fedmine, a government business intelligence platform, shows women-owned small firms won more than $25.5 billion in federal contracts last year, up from $22.6 billion in 2022. Fedmine said that 13% year-over-year increase represents about 3.3% of all federal contract dollars going to women-owned small businesses. That is still below the governmentwide goal of 5%. Fedmine also found that out of the more than 13,000 companies that won contracts in 2023, more than 1,500 of them were first-time awardees.