News
Small businesses shortchanged
By Erik Engquist and Jeremy Smerd
Crain's New York Business
November 21, 2010
The American Small Business League says New York's more than 2 million small businesses receive a fraction of the dollars they should be getting under a law requiring the federal government to award 23% of the value of prime contracts to small businesses. “Government dollars are going to large corporations masquerading as small businesses,” a spokesman for the league complains. A bill that Rep. Carolyn Maloney, D-Manhattan, co-sponsored this month could bring several billion more dollars a year to small businesses here, the league says. H.R. 2568 has just two Republican sponsors, but more are being sought.
Source: http://www.crainsnewyork.com/article/20101121/SUB/101129994
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