Acquisition Excellence: HUD Receives an 'A+' Grade on SBA's Annual Small Business Procurement Scorecard

WASHINGTON - For Fiscal Year (FY) 2023, the U.S. Department of Housing and Urban Development (HUD) is honored to receive an annual procurement scorecard rating of "A+," the highest grade available from the Small Business Administration (SBA). The annual Scorecard is an assessment tool that measures how well federal agencies reach their small business and socio-economic prime contracting and subcontracting goals and reports agency-specific progress.

"This achievement underscores our unwavering commitment to fostering economic growth and empowering small businesses," said HUD Acting Secretary Adrianne Todman. "This recognition reaffirms our dedication to inclusivity and innovation in procurement practices, driving forward our mission to create thriving communities nationwide."

This National Small Business Week, HUD honors the ingenuity, resilience, and vital contributions of small businesses to our economy. SBA's Scorecard measures Federal agencies' success in meeting their overall small business contracting goals. The "A+" recognition represents significant accomplishments made by HUD to create contracting opportunities for small business concerns in all categories. For FY 2023, HUD exceeded its small business annual prime and socio-economic goals- Small Disadvantaged, Women-Owned, Service-Disabled Veteran-Owned, and HUBZone. The Department awarded 35.98% of total contracting dollars to small businesses, far exceeding the 23% goal for the federal government. Additionally, the Department exceeded the heightened federal government small disadvantaged business goal of 12% and achieved 21.11%.

This achievement was due to the collaborative efforts of the program offices, procurement and OSDBU staff, and the Department's senior leadership. HUD recognizes that there is more work to be done and remains committed to continually focusing its acquisition workforce and clients on changes in acquisition policies and regulations that impact small business utilization and programs. With its robust acquisition planning processes, the Department will continue identifying areas to maximize practicable opportunities for small businesses in contracting and advancing procurement equity.

For more information about the Department's small business programs, visit www.hud.gov/SmallBusiness.