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The GSA achieves these tasks by maintaining the Federal assistance information database, which incorporates all federal agency programs that provide grants and awards to recipients. The Office of Management and Budget (OMB) assists the GSA in maintaining the database by serving as an intermediary agent between the Federal agencies and GSA.
The federal government was unable to meet this goal in 8 years until FY2013 when it subcontracted over $83 billion from small businesses. [4] In 2015, the federal government exceeded their overall goal of 23% by 2.75% resulting in $90.7 billion dollars awarded to small businesses, [5] 5.05% ($17.8 billion) of which went to women-owned small ...
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
Grants.gov is a federally operated website that hosts more than 1,000 funding opportunities — including those for small and minority-owned businesses. These grants are offered by federal ...
The U.S. Small Business Administration was created in 1953 as an arm of the federal government designed to aid small businesses. ... Some companies provide grants directly to regional businesses ...
Overall, the federal government has a goal to award 23% of contracts to small businesses. In fiscal 2023, 28.4% of contracts were awarded to small businesses, amounting to $178.6 billion.