Saturday, August 05, 2006

Small Business: Report claims Small Businesses cheated out of $100 billion in Federal contracts

The Tri State Observer reports that, "last year, the SBA Office of Advocacy reported that $119 billion was awarded to small businesses in prime and subcontracts. But the American Small Business League has projected that small businesses with 100 employees or less received no more than $20 billion that year."

The remainder of the awards went to large businesses, including major defense contractors like Boeing, Lockheed, Northrop Grumman, Raytheon, Bechtel, and General Dynamics.

Full Article: Small Businesses cheated out of $100 billion in Federal contracts - report says