Small Business Boom: The Fastest-Growing NAICS Codes in Federal Contracting — and How to Win in Them

Federal small-business contracting has been on a tear, growing from about $154 billion in FY2021 to over $183 billion in FY2024. Small firms are now landing roughly 28% of eligible prime contract dollars — well above the statutory 23% goal. That’s not just a nice statistic; it’s a signal that agencies are deliberately shifting more work to small businesses, particularly in certain NAICS codes where demand is exploding.