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American Small Business League
SBA Attempts to Minimize Diversion of Billions in Small Business Contracts to Corporate Giants
November 9th, 2008
Yesterday, the Small Business Administration (SBA) distributed a press release attempting to characterize the recently presented findings of a Washington Post study as proof that only a small portion of federal small business contracts are diverted to large corporations. However, in its release the SBA failed to recognize that the Post's study determined that the government had awarded more than $5 billion in small business contracts to large corporations from a sampling of only $13 billion in contracts. According to the Post's findings, nearly 40 percent of the small business contracts they analyzed went to large corporations. In July of this year, the SBA used the...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
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