In fiscal year 2024, the Mission and Installation Contracting Command (MICC) of the U.S. Army awarded over $3 billion to American small businesses, successfully surpassing its fiscal actions goal of $5.5 billion. This achievement marks the tenth consecutive year that MICC has exceeded its small business contracting goals [b473c1ab].
Luis Trinidad, a key figure in the MICC, emphasized the critical role that small businesses play in job creation, stating that 62.81% of small business eligible obligations were allocated to these enterprises. Notably, the MICC achieved its Historically Underutilized Business Zone (HUBZone) goal at 10.41%, and also exceeded its targets for small disadvantaged businesses (40.64%), service-disabled veteran-owned businesses (12.76%), and woman-owned businesses (15.87%) [b473c1ab].
Throughout the fiscal year, the MICC executed approximately 22,000 contract actions aimed at supporting Army installation readiness, collaborating with 29 customer teams and 30 contracting offices to ensure effective procurement processes [b473c1ab].
This focus on small business contracting aligns with broader federal initiatives to empower small businesses across various sectors, including recent federal funding awarded to California to bolster small business growth. The U.S. Treasury allocated $10 million to California, with plans for additional matching funds to support entrepreneurs, particularly in underserved communities [cfe4d937].
The combined efforts of MICC and federal initiatives reflect a concerted effort to enhance economic growth and job creation through strategic partnerships with small businesses, ensuring they have the necessary resources and opportunities to thrive in a competitive market [cfe4d937].