(Washington, DC) – Today, at the DC Chamber of Commerce Annual Meeting, Mayor Bowser announced her Administration’s Fiscal Year 2018 (FY18) Small Business Enterprise (SBE) spending goal and unveiled this year’s Green Book: SBE Opportunity Guide. The Green Book helps SBEs navigate the local government procurement process by providing an agency-by-agency overview of SBE spending availability, and the online platform cbeconnect.dc.gov allows SBEs to search for opportunities in real time.
“Small and local businesses are critical to the District – they drive economic activity across all eight wards, employ District residents, and invest in our neighborhoods,” said Mayor Bowser. “With this third edition of the Green Book, we are recommitting our support for our small businesses and doubling down on our commitment to put more Washingtonians on pathways to the middle class.”
The FY18 expendable budget for DC Government agencies is $1.3 billion. In FY18, Mayor Bowser committed to spending $656 million, or 50 percent of the expendable budge, with SBEs. This ambitious but attainable spending goal is the result of an improved, data-driven goal setting process adopted by the Bowser Administration, based on best practices and agency budgets.
The Bowser Administration remains committed to better utilizing local procurement power to drive small business creation, growth, and retention and create pathways to the middle class for residents in all eight wards. In Fiscal Years 2016 and 2017, the Administration surpassed SBE spending targets with record expenditures. After spending 217 percent over target in FY16, the Mayor increased the FY17 target by nearly a quarter of a billion dollars. In FY17, the Administration committed to spend $564 million with SBEs and surpassed that goal by spending more than $743 million with SBEs – more than any previous year.