Are Small Businesses Getting Shut Out?
With the Obama Administration boasting of assistance to small businesses, SMB solution providers who meet certain qualifications are poised for federal contract dollars purposely set aside for them.
But many say a long-grumbled-about problem -- that big companies, including several Fortune 500 businesses, are the actual recipients of millions in federal contracts that are supposed to be set aside for small businesses -- makes small business designations little more help than blank sheets of paper.
"There have now been over two dozen investigations, over the last eight years, which have found a clear pattern of blatant fraud and abuse in SBA-managed programs," wrote Lloyd Chapman, president of the American Small Business League and a frequent commentator on the subject, in a late March article for The Huffington Post. "It is time for the FBI to step in and get to the bottom of this. To date, the Obama Administration has done nothing to halt these abuses."