High and Dry?
Why Katrina contracts may be out of entrepreneurs' reach
In his September address from New Orleans, President Bush stressed the importance of entrepreneurship following the worst natural disaster to hit the U.S. in a century. "We will take the side of entrepreneurs as they lead the economic revival of the Gulf region," he said.
But entrepreneurs could end up feeling sidestepped as new legislation dilutes federal contracting rules, and billions of dollars in emergency no-bid reconstruction contracts are awarded to big companies like Halliburton. "Small businesses are going to be pushed out," predicts Scott Amey, general counsel for the Project on Government Oversight, a Washington, DC, government watchdog group.
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