Pharma Investments, Ventures & Law Weekly
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American Small Business League
ASBL Recommendations to End Fraud, Abuse, and Loopholes in Federal Small Business Contracting Programs Will Boost Middle Class Economy Immediately
November 16th, 2008
Since 2003, over a dozen federal investigations have found billions of dollars in federal contracts earmarked for middle class firms have been diverted to Fortune 500 companies. A recent story in the Washington Post found over 40 percent of government small business contracts actually went to Fortune 500 firms. Even though the diversion of government small business contracts was first exposed in 2002, Congress has not passed a single piece of legislation to address the problem. Now politicians in Washington are talking about creating new economic stimulus packages for the middle class. The American Small Business League (ASBL) believes that it does not make sense to...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-16)
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