Award Summary for FY24

  

The Massachusetts APEX Accelerator program successfully completed its 25th year assisting small businesses interested in doing business with federal, state, local governments and Prime Contractors. Total award dollars for the 12-month period ending June 30, 2024 was another consecutive record year at $288.16 million. One government contracting advisory area (Central Massachusetts) is funded by the U.S. Small Business Administration (SBA) resources, which tracks government contracting metrics differently than the Department of Defense (DoD). Therefore, SBA-funded award data is not included in the bar graph below.

The 25-year cumulative award total is $2.97 billion.
 

Massachusetts APEX - Summary of Contract Awards (in millions)

Data Sources: (1) APEX clients report award data via quarterly online surveys and
(2) SAM.gov (FPDS) data feed for active, Massachusetts APEX clients only.

 

Results Summary

Demand for Massachusetts APEX counseling services remained strong with 399 active clients, which included 272 new clients requesting Massachusetts APEX services. Department of Defense (DoD)-funded APEX staff spent 1,400 hours in counseling time and supported 34 events. The following table summarizes statewide client awards for each major award source category such as Department of Defense (DoD), Other Federal and State/Local.
 

DoD	Other Federal	State & Local	Total*
$221,769,396	$65,749,518	$646,000	$288,164,914

*Award data for SBA-funded Government Sales advisor is not included in table above.
 

Prime/Subcontract Award Breakdown:

Prime Contracts (96%) — $275,799,813
Subcontracts (4%) — $12,365,101