the rich get richer.......from federaltimes.......
"The federal government awarded more than $8 billion worth of small-business contracts to companies that earn hundreds of millions of dollars a year and employ thousands of employees, according to an advocacy group representing small businesses.
Hundreds of federal small business contract awards went to General Electric, Lockheed Martin, AT&T and other large companies or their subsidiaries last year, says the American Small Business League (ASBL) in a new analysis of federal contracts awarded last year.
The ASBL's analysis came days after the June 24 Small Business Administration announcement that agencies awarded 22.7 percent, or $98 billion, of federal contract dollars to small businesses in 2010. Agencies are required by law to award a combined 23 percent of federal contracting dollars to small businesses.
Of the top 100 firms awarded small-business contracts in fiscal 2010, 61 were large businesses or owned by large companies, according to ASBL. The 61 firms received more than $8 billion, or nearly 60 percent, of the $14 billion that went to the top 100 companies.
ASBL contends the small-business contract figures are also inflated because the government underreports how much money it spends on contracted goods and services. For example, SBA's scorecard figures do not include contracts for work done internationally or classified procurements by intelligence or Defense agencies"...............READ MORE
ASBL also called as non-partisan group.
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