The federal government spent $14.9 billion on advertising contracts over the last 10 fiscal years to inform the public about programs and services, among other things. The government provides contract opportunities to businesses owned by minorities, women, and other socially or economically disadvantaged groups.
It was found that contracts with these businesses represented about 14% of total federal advertising spending, or $2.1 billion, during FYs 2014-2023. Additionally, federal agencies spent about $1.1 billion for COVID-related advertising contracts, and 3.5 percent, or about $37 million, was awarded to these businesses.
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