The U.S. Department of Housing and Urban Development (HUD) received an "A+" rating on the annual procurement scorecard from the Small Business Administration (SBA) for Fiscal Year 2022. HUD exceeded its small business contracting goals, awarding 39.39% of total contracting dollars to small businesses, surpassing the federal government's 23% goal, demonstrating the Department's commitment to creating opportunities for small businesses.
“Contracting with the federal government represents an important opportunity for small businesses. This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” HUD Secretary Marcia L. Fudge said in a news release.
The Small Business Administration (SBA) awarded the U.S. Department of Housing and Urban Development (HUD) the highest possible grade on its annual procurement scorecard for Fiscal Year 2022, the release reported. The yearly scorecard is an evaluation tool that tracks agency-specific progress and evaluates how effectively federal agencies meet their socioeconomic and small business prime procurement and subcontracting goals.
The SBA Scorecard tracks how well federal agencies are doing in terms of small business contracting objectives. The "A+" award acknowledges HUD's noteworthy contributions to expanding contracting opportunities for small businesses across all categories, the release said.
HUD's socioeconomic and small business annual primary targets for FY 2022 were surpassed, including those for HUBZone, Small Disadvantaged, Women-Owned and Service-Disabled Veteran-Owned businesses. The release shows the Department substantially exceeded the federal government's 23% goal by awarding small firms contracts for 39.39% of the total amount of contracting funds it spent.
This success was a result of the program offices', procurement and OSDBU staff's, as well as the Department's senior leadership, working together. HUD is aware that there is more work to be done and is dedicated to keeping its clients and staff focused on changes to acquisition policies and regulations that affect small business programs and utilization. The release states the Department will keep identifying areas to maximize realistic potential for small firms in contracting and advancing procurement equality with the use of its sophisticated purchase planning processes.
