Result in the Majority of Federal Small Business Contracts Being Illegally Diverted to Large Corporations Every Year.
The Small Business Act of 1953 mandates that every year the federal
government must spend 23 percent of the total value of all federal prime
contracts with small business.
- Every year, the U.S. Government
reports achieving, or just narrowly missing the 23 percent small
business procurement goal. However, the federal data dramatically
overstates the true percentage of legitimate small business receiving
federal contracts every year, because large and international
corporations are included in the federal small business contracting
data. This happens because of misguided SBA policies, lack of oversight
by the SBA, as well as plain-and-simple fraud.
- Every year, the
American Small Business League conducts a report of the Top 100
companies receiving federal small business contracts during a fiscal
year, by listing the 100 companies that received the highest total
dollar amount of federal small business contracts in that fiscal year.
We estimate that the federal government diverts more than $100 billion a
year in federal small business contracts to large and international
corporations and then counts those contract awards to large businesses
in annual federal small business procurement reports.
One way to get involved...
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