U.S. Small Business Administration Recognizes Awardees for Achievements in Facilitating Surety Bonds for Small Business Contracting
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Bond agencies and surety company partners helped facilitate over $2 billion in contracting awards
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33.2 million small businesses, recognizes four award winners for their exceptional work helping small businesses acquire surety bonds, which allow them to obtain federal, state, and private contracts. These awards recognize surety bond guarantee companies for their commitment and significant contributions to fostering business growth and success. The total awarded contract value to small businesses in fiscal year 2022 was over $2 billion.
“Congratulations to this year’s Surety Guarantee award winners and to all the surety companies who helped us facilitate over $2 billion in contracting awards to American small businesses. SBA’s exceptional Surety Bond Program partners are instrumental in helping firms that have struggled to get bonded in the commercial marketplace,” said Isabella Casillas Guzman, SBA Administrator. “And our awardees’ commitment to leveling the playing field for small businesses trying to grow through federal, state, local, and private contracts is what fuels our economic growth and creates jobs in communities across the nation.”