News
Large Cos. Win ~$16b Contracts Reserved for Small Businesses
By Sophia Yan
Bloomberg
February 23, 2012
(Bloomberg) -- About $16.4b in government contracts reserved for small businesses actually went to large cos. incl. Lockheed, Boeing, General Dynamics, Jacobs Engineering, Harris, others in FY2011: American Small Business League report.
- 72 of the top 100 small businesses receiving most govt contracts dollars reserved for smaller cos. exceeded Small Business Administration’s size standards
- NOTE: Top 100 small business contractors won ~$21.1b FY2011
- NOTE: SBA size standards determine contractor eligibility to bid for govt work reserved for small businesses
Report: http://bit.ly/A2NXo2 SBA size standards: http://1.usa.gov/yKXtn4
To contact the reporter on this story: Sophia Yan in Washington at sophiayan@bloomberg.net
To contact the editor responsible for this story: Jay Miller at bmiller63@bloomberg.net
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