Subscribe

* indicates required

INL reaches highest small business attainment in FY-20

Published online: Oct 26, 2020 East Idaho Business
Viewed 3044 time(s)

IDAHO FALLS -- Despite being an incredibly challenging fiscal year, FY-20 brought about INL’s highest small business annual subcontracting and purchasing. The lab spent around $352.5 million with small businesses, which made up over 66% of the spend on goods and services. INL also exceeded all five of its specific small business spending goals, including small disadvantaged, HUBZone, women-owned, service-disabled veteran-owned, and Idaho-based businesses.

This unusually high spend for goods and services occurred in large part due to the success of INL’s growing missions, including a thriving construction portfolio, expanding cybersecurity research and a heightened business need generated by the advanced nuclear projects slated for the INL desert Site. 

Along with these exciting new mission developments, the lab’s high attainment is especially impressive in light of the challenges the COVID-19 pandemic presented to businesses. Standard spending habits decreased significantly during the beginning phases of the pandemic, and efforts instead shifted toward purchasing items necessary to keep the lab safe, including hand sanitizer, disinfectants and cleaning supplies, and masks, in addition to filling consistent PPE needs not related to COVID-19.

This shifted focus allowed the lab to support several local small businesses in their extraordinary efforts to provide innovative solutions to overwhelming need during the pandemic. Even as COVID-19-related needs die down, these lasting partnerships will continue to benefit INL and the southeastern Idaho community.

Share

Send to your friends!

  • Like what you read?

    Get Idaho Falls Magazine straight to your door!

  • Subscribe Today!

    Sign Up