As of Oct. 2, four percent of the contract dollars awarded as part of the American Recovery and Reinvestment Act funding has been awarded to service-disabled, veteran-owned small businesses, according to testimony before the Senate Small Business and Entrepreneurship Committee from Joseph Jordan, associate administrator for government contracting and business development at the Small Business Administration. Congruent with the federal law requiring three percent of all contract dollars be spent with SDVOBs, the government is being closely monitored to ensure the vast funding issued out as part of the stimulus package is spent with SDVOBs

It would be an easy excuse for federal agencies to use the recession as a reason to issue contracts quickly and forego the diligence of searching for and issuing contracts to SDVOBs. Surprisingly however, the federal government as a whole has spent four percent of the stimulus money with SDVOBs surpassing the goal by one full percent. One percent above goal may not seem like a huge accomplishment, but it’s important to note that the federal government, on the whole, has never achieved the three percent goal in a decade of trying. In fact, the government only achieved 1.01% in fiscal year 2007

To see a thorough breakdown of how the stimulus money has been spent thus far visit www.navoba.com/stimulusmoney

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