Hello, Guest!
  • Thursday, November 21, 2024
Illustration Contributor: Blackboard / Shutterstock

Deltek Analysis Shows Federal Spending on Small Biz Cloud Services More Than Doubled in Fiscal 2022

A Deltek market analysis team found that federal spending on cloud procurement contracts with the small business community increased from $307 million in fiscal year 2021 to $714 million in fiscal 2022.

Alex Rossino, advisory research analyst at Deltek, reported Wednesday that cloud investments at the U.S. Air Force and the Department of Homeland Security helped drove the upward trend for the period.

Data from the analysis showed USAF spent the most on small business cloud offerings at $340 million during the 2020-2022 period, followed by DHS with a total spending of $310 million.

Other defense agencies awarded contracts worth $158 combined to small businesses.

Small businesses not belonging to a socioeconomic sub-group received the largest sum of contract awards, according to the analysis.

Video of the Day

Related Articles

GSA’s Tiffany Hixson Offers Advice for New Providers Breaking Into the GovCon World Events

GSA’s Tiffany Hixson Offers Advice for New Providers Breaking Into the GovCon World

Entering the complex world of government contracting can be difficult for new providers. Small businesses face a unique set of challenges when competing against long established, multi-billion dollar enterprises, but the U.S. government has recognized the capabilities these companies have to offer, and agencies are ramping up their efforts to connect with these entities. A

Small Businesses Scored Record High in Federal Contracts During Fiscal 2022; Isabella Casillas Guzman Quoted Contract Awards

Small Businesses Scored Record High in Federal Contracts During Fiscal 2022; Isabella Casillas Guzman Quoted

The federal government awarded a record $162.9 billion, or 26.5 percent of total contracting dollars, to small businesses in fiscal year 2022, an increase of $8.7 billion from the prior year, according to the Small Business Administration. SBA said Tuesday last year’s prime contracting rate surpassed the 23 percent annual target, while small business subcontracting

SBA Finalizes Small Biz Investment Program Modernization Rule; Isabella Casillas Guzman Quoted Industry News

SBA Finalizes Small Biz Investment Program Modernization Rule; Isabella Casillas Guzman Quoted

The Small Business Administration has finalized its rule to increase access and diversify its existing funding program for small businesses and startups in underserved communities. SBA said Monday the new rule will take effect Aug. 17 to modernize the Small Business Investment Company program by introducing an alternative borrowing structure to align with the cash