Small businesses secure more than half a billion in contracts in 2024 thanks to statewide program

Pensacola, Fla. – The Florida APEX Accelerator is proud to announce its economic impact results for 2024, helping small businesses in Florida secure a record-breaking $596.1 million in government contract awards, demonstrating its continued impact in driving business growth and economic success across the state.

This achievement marks the highest annual contract value in the program’s history, highlighting the Florida APEX Accelerator’s role in equipping businesses with the tools and resources needed to compete and win in the government marketplace. With over 5,700 contracts awarded to Florida APEX clients in 2024, the program continues to strengthen the state’s economy by connecting businesses with meaningful government contracting opportunities.

“This is an exemplary milestone of the incredible dedication of our Florida APEX Accelerator consultants and the unwavering determination of our clients. We are thrilled to support Florida’s small businesses as they seize government contracting opportunities, create jobs, and fuel economic growth,” said Greg Britton, state director of the Florida SBDC Network and principal investigator of the Florida APEX Accelerator. “This record-breaking achievement highlights the power of collaboration and small businesses’ essential role in driving our economy forward. We are deeply grateful for their efforts and excited to continue this journey together.”

The Florida APEX Accelerator, part of a national network of APEX Accelerators funded in part by the Department of Defense, provides specialized training and one-on-one consulting services to businesses seeking government contracts. Through this individualized approach, consultants help clients navigate the complexities of the procurement process, ensuring they are prepared to compete for and win government contracts at the local, state, and federal levels. This record-breaking year underscores the Florida APEX Accelerator’s vital role in strengthening Florida’s small business community and fostering long-term growth.

Pole Star Defense, a Florida-based defense company, is one of many success stories that highlight the impact the Florida APEX Accelerator has when working with businesses. With guidance from their Florida APEX Accelerator at Pinellas County Economic Development consultant, Pole Star was able to successfully expand its business opportunities with the Department of Homeland Security and the United States Coast Guard. Through expert support in navigating federal procurement, Pole Star Defense has strengthened its capabilities, secured critical certifications, and positioned itself for long-term success in the government marketplace. 

The Florida APEX Accelerator provides support to small businesses statewide. This localized approach ensures that entrepreneurs receive tailored guidance to navigate the complexities of government contracting, setting them up for success. The program’s efforts not only help businesses secure contracts but also contribute to job creation and economic growth, reinforcing its mission to strengthen America’s industrial base.

For more information about the Florida APEX Accelerator and how it supports businesses in securing government contracts, visit www.flapex.org.