Report: Many small-business contracts awarded to large companies
Monday - 2/27/2012, 5:40pm EST
Brian Reeder, communications director, American Small Business League
Some of the biggest contracts for small businesses are awarded to companies that are not that small, according to a recent report from the American Small Business League.
Brian Reeder, the league's communications director, joined In Depth with Francis Rose to discuss the report's findings.
Using federal procurement data, the group found that of the top 100 companies receiving the most in federal small-business contracts, 72 were actually large companies that "significantly exceeded" the size standards set by the Small Business Administration, according to the report.
The report for fiscal-year 2011 shows an increase in the number of small-business contracts being awarded to large corporations, such as Lockheed Martin, Boeing, General Dynamics and others.
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