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American Express Open Releases Its First-Ever Small Business Government Contracting Survey


Successful Small Business Contractors Invest $86,000 Annually in Time and Money to Pursue Federal Contracts

American Express OPEN®, the small business division of American Express, released its first-ever government contracting survey of small business owners. The Victory in Procurement (VIP) Small Business survey was released recently at an event in New York where more than 400 business owners learned how to succeed in government contracting. The survey reported findings from more than 1,500 business owners who are listed in the Federal Procurement Data System (FPDS) and registered on the Central Contractor Registration (CCR) the primary vendor database for the federal government.

The federal government is the world’s largest single purchaser of goods and services, spending more than $500 billion annually. The survey included active contractors (small businesses that have been awarded a prime federal contract within the past three years), currently inactive contractors (small businesses that are registered on the CCR, but who have either never landed a prime federal contract or who are designated as inactive in terms in the FPDS) and non-contractors (a subset of inactive contractors who are registered on the CCR but who have not yet landed a prime federal contract).

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