ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Readout of SBA Administrator Guzman and NASA Administrator Nelson at Scorecard Release Event on Tuesday in Washington, D.C.

WASHINGTON, July 18, 2023 (GLOBE NEWSWIRE) -- On Tuesday, July 18,  U.S. Small Business Administrator Isabella Casillas Guzman joined National Aeronautics and Space Administration (NASA) Administrator Bill Nelson, Deputy NASA Administrator Pam Melroy, and small business leaders who work with NASA to announce the results of the FY2022 Small Business Federal Procurement Scorecard at the NASA headquarters in Washington, D.C.

The annual scorecard is an assessment tool to measure how well federal agencies fulfill their small business prime contracting and subcontracting goals. Throughout the fiscal year, the SBA works with each federal agency to set individual prime and subcontracting goals, then assigns scorecard grades based on those goals.

Highlighted in this scorecard announcement is the Biden-Harris Administration’s continued prioritization of inclusivity and equity in its contracting goals, including specific targets for small, disadvantaged businesses and service-disabled veteran-owned small businesses. President Biden’s statement on record procurement from small business can be found here.

At the event, Administrator Guzman highlighted the successes of the past year, with the Biden-Harris Administration exceeding its 23% small business contracting goal in 2022, awarding 26.5% in federal contract dollars to small businesses across the federal government. This amounted to a $162.9 billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. This record-high level of contract spending with small businesses supported over one million good-paying jobs in crucial industries.

Administrator Guzman announced that due to the high levels of contracting and surpassing of target goals, 10 federal agencies earned an “A+” grade for their agencies’ achievements in small business contracting, and an additional ten agencies, including NASA, received an “A” grade. NASA invested more than $3.6 billion directly in small businesses, with $3.4 billion subcontracted to small businesses.

“Through President Biden’s Investing in America agenda, we have championed initiatives to fuel our nation’s historic economic growth, also reducing barriers and ensuring fair competition,” said Administrator Guzman. “The Biden Administration continues to raise the bar, reaching a historic all-time high in contract spending levels with small businesses, supporting over one million good-paying jobs in manufacturing, construction, research & development, and other vital industries.” 

“We’re excited to receive yet another “A” in this year’s Small Business Administration’s scorecard. NASA is investing in America by partnering with small businesses around the country and in every single state,” said Administrator Nelson. “Small businesses are integral to everything we do, from finding the first galaxies to investigating Mars and the universe to sending a new generation of explorers to the Moon through Artemis. Together, every advancement and achievement we make is for humanity.”

Event participants included:

  • Administrator Isabella Casillas Guzman, SBA – 27th Administrator 
  • Administrator Bill Nelson, Administrator, NASA – 14th Administrator  
  • Deputy Administrator Pam Melroy, NASA 
  • Associate Administrator for Small Business Programs Glenn Delgado, NASA
  • Timothy Richardson, FDSS-III Program Manager, OPR LLC 
  • Ed Aguayo, President, Newton LLC 
  • Ashok Jha, President, Adnet 
  • Larry Stubblefield, “Acting” Associate Administrator, Office of Government Contracting and Business Development 

For follow-up interview requests for Administrator Guzman, please contact Rebecca Galanti at rebecca.galanti@sba.govmailto:mila.myles@sba.gov.

Photos available on request: press_office@sba.gov

Release Date: July 18, 2023                              Contact: rebecca.galanti@sba.gov
Release Number: RO23-19                                Follow us on Twitter, Facebook, Blogs & Instagram


Christine Saah Nazer
U.S. Small Business Administration
202-756-0304
Christine.saahnazer@sba.gov
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.