August 17, 2007
Most fed. agencies fail small business
By Matthew L. Brown
Only seven of 24 federal agencies meet their small business contracting goals, according to the U.S. Small Business Administration's scorecard.
The SBA said it, along with the departments of agriculture, energy, homeland security, housing and urban development, transportation and veterans affairs met their small business contracting goals.
The federal government changed small business contracting guidelines to be more accurate. Before 2007, federal agencies were allowed to count contracts to small companies that had been acquired by large companies among their small business contracts.
SBA Administrator Steve Preston said, "almost $5 billion in misreported contracts have been cleaned out of the small business database. To meet their goals in 2007 and beyond, federal agencies know they will have to place more new contracts with small businesses."
The SBA said it, along with the departments of agriculture, energy, homeland security, housing and urban development, transportation and veterans affairs met their small business contracting goals.
The federal government changed small business contracting guidelines to be more accurate. Before 2007, federal agencies were allowed to count contracts to small companies that had been acquired by large companies among their small business contracts.
SBA Administrator Steve Preston said, "almost $5 billion in misreported contracts have been cleaned out of the small business database. To meet their goals in 2007 and beyond, federal agencies know they will have to place more new contracts with small businesses."
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