Thin is In
With new rules, the SBA hopes to cut big companies from its procurement numbers.
The SBA is cutting the fat from small-business procurementstatistics. The changes would prevent small businesses that havegrown large, or have been acquired by big business, from continuingto be counted as small businesses by federal agencies whenreporting procurement data.
A study by the SBA's Office of Advocacy published lastDecember found that, of the $54.1 billion in federal procurementfunds supposedly paid to small businesses in 2002, $2 billionactually went to big businesses. Among the tubbies was RaytheonCo., which the Office of Advocacy said won small-business contractsworth $126.7 million.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
When Her Parents' Restaurant Burned Down, This First-Generation Founder's Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
-
Not Hitting Your Goals? Here's How to Know If You Should Change Tactics or Strategy.
-
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
-
This Couple Lost Everything When the Housing Market Crashed. But Manifesting 'Magic' Helped Them Launch a Metaphysical Brand With 10 Stores.
-
The Best Software Solutions and Tech Providers in the Franchising Industry
-
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.
