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American Small Business League
Department of Interior Awarded Over $430 Million in Small Business Contracts to Corporate Giants, According to New Study
August 3rd, 2008
On July 1st, 2008, the Department of Interior (DOI) Office of Inspector General released a report, which found Fortune 500 firms were the actual recipients of federal small business contracts. The report examined three tenths of one percent of contracts the DOI had reported as going to small businesses during 2006 and 2007 and found that the agency had awarded Fortune 500 corporations $5.7 million in federal small business contracts. According to the DOI Inspector General, divisions of Xerox and John Deere had misrepresented themselves as small businesses within the government's database of federal contractors as small businesses. Section 16 (d) of the Small Business...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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