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Article: SBA to Allow Fortune 1000 Firms to Receive Small Business Contracts for 10 Years, Says American Small Business League
- Article from:
- U.S. Newswire
- Article date:
- April 4, 2007
CopyrightCopyright 2007 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: POLITICAL EDITORS
Contact: Lloyd Chapman, President of American Small Business
League, +1-707-789-9575, lchapman@asbl.com
PETALUMA, Calif., April 4 /PRNewswire/ -- In 2002, the General
Accounting Office in Washington uncovered information that found the
Small Business Administration had allowed hundreds of Fortune 1000
firms to receive billions in federal small business contracts. The
SBA responded by saying corporate giants like AT&T, Lockheed, Boeing,
Nike, Sprint and Hewlett Packard had erroneously received federal
small business contracts through "miscoding" and "computer glitches."
In 2006, new SBA Administrator Steven Preston passed a policy set
to go into effect in June that will ...