For only the second year running, theU.S. Agency for International Development has set a worldwide procurement goal for U.S. small businesses — 10 percent of prime contract spending in fiscal 2015. USAID acting Administrator Alfonso Lenhardtreaffirmed that target Thursday at the U.S. aid agency’s eighth annual small business conference in Washington, D.C.
In fiscal 2014, USAID awarded 12.1 percent of its prime contract spending worldwide to U.S. small businesses, nearly double its 6.5 percent target that year.
Previously, USAID had only adhered to a U.S. small business prime contracting goal for its U.S-based procurements, which are far outnumbered by its mission-based procurements. Since fiscal 2011, USAID has surpassed this goal, which is also set annually, every year.
Most recently, USAID reported that 20.8 percent of its prime contract spending for U.S.-based procurements in fiscal 2014 was awarded to U.S. small businesses, far exceeding its 12.4 percent target that year. USAID has hiked that target to 14 percent in fiscal 2015.
Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.
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