Small Business Goaling
Business TermsDefinition
The statutory requirement for federal agencies to award a percentage of contracts to small businesses.
More Information
The federal government has a goal of awarding 23% of prime contract dollars to small businesses, with sub-goals for specific categories: 5% to WOSB, 5% to SDB, 3% to SDVOSB, and 3% to HUBZone. Agencies and prime contractors are measured on achieving these goals, creating demand for certified diverse suppliers.
Example
A federal agency reviews its small business goaling achievements quarterly to ensure it meets the 23% overall target.