What Gives? Apparently not the SBA when it came to the Small Disadvantaged Business certification program.
By Julie Monahan •
Opinions expressed by Entrepreneur contributors are their own.
A red-faced SBA is making amends after an audit showedquestionable spending of $6 million earmarked for certifyingdisadvantaged businesses. But the embarrassment underscorespersistent doubts that have dogged the certification program sinceits inception.
The audit by the SBA's Office of the Inspector General foundthat $2 million spent on furniture, offices, employees andequipment was never used for the Small Disadvantaged Business (SDB)certification program, which aims to help minority businessescom-pete for federal contracts.
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