ASBL Reports Many Small Business Contracts Actually Going to Large Companies

Article Excerpt: The federal government has a statutory goal of awarding 23% of contracts to small businesses, which are defined as businesses that are “independently owned.”  However, according to a new report issued by the American Small Business League (ASBL),  77.6 percent ($16 billion) of the federal government’s contracting spending on small businesses actually went to large companies in 2011.

In addition, of the 100 most lucrative small business contracts awarded in 2011, 72 of them went to large companies that exceed the Small Business Administration’s small business size standards, up from the 60 last year.

Full Article: http://goo.gl/ITZAa
Article Source: L2 Federal Resources

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