Washington, DC (July 24, 2023)—The Airport Minority Advisory Council (AMAC) issued the following statement on the Biden-Harris Administration exceeding its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high 26.5% of federal contract dollars to small businesses:

“This wonderful news speaks to the importance of investing in small, minority and women-owned businesses and the critical role they play in our economy. AMAC celebrates these achievements, and, per our mission, we aim to build upon this work by furthering our mission by continuing to expand contracting opportunities in the airport and aerospace industries. We look forward to continuing to work with our airport and business partners to make this happen,” said Eboni Wimbush, AMAC President & CEO.

This historic level amounts to a $162.9 billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. Ten federal agencies earned an “A+” for their agencies’ achievements in small business contracting, and ten additional agencies received an “A” grade. The federal government, overall, earned an “A” on this year’s government-wide scorecard. The full press release is available here.