The Department of Labor (DOL) has been recognized for its procurement practices, receiving an "A" score on the Fiscal Year 2023 Small Business Procurement Scorecard. This marks the 15th consecutive year that the department has achieved this grade. The scorecard, compiled by the Small Business Administration, evaluates the contracting opportunities that federal agencies provide to small businesses, including those that are disadvantaged, women-owned, service-disabled veteran-owned, and located in Historically Underutilized Business Zones (HUBZones).
Out of 24 federal agencies assessed, the DOL is one of only four that met all small business goals at both prime and subcontracting levels. In FY 2023 alone, the department accomplished several significant feats in support of small businesses:
- It executed $985 million in contract actions at the prime level.
- It awarded two-thirds or $118.5 million in subcontracts to underserved communities.
- Women-owned businesses received $151.6 million in prime contracts and $26.8 million in subcontracts.
- Service-disabled veteran-owned businesses saw a 3.4 percent increase in subcontract awards over FY 2022 and were awarded $137 million in prime contracts.
- HUBZone communities received a record-breaking total of $295 million from the department's procurement process.
- All underserved communities experienced a 10.77 percent increase in subcontracts over FY 2022.
For more detailed information on these achievements, refer to the full FY 2023 Small Business Procurement Scorecard.
