The General Accounting Office released a report this week admitting that nearly half a million dollars worth of government work earmarked for small business went instead to larger companies.
How? Mostly due to the fact that when large companies acquire smaller ones, grow larger, or merge with others, the government doesn’t require them to give up their contracts for the life of the agreement.
The Small Business Administration is hopping mad, and hopes that legislation it’s proposed which would make small businesses certify their small business status annually, will correct the problem.
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