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.