Small businesses are called the engine that drives the American economy—they provide more than half of the nation’s workforce. Billions of your tax dollars are set aside to help small businesses survive. But the NBC Bay Area Investigative Unit discovered hundreds of millions of dollars set aside for small businesses, instead go to huge corporations. Dozens of those companies are here in Silicon Valley.
Nationally, $422 billion worth of federal contracts in 2011 were meant to give small business a shot at servicing one of the largest clients in the world—the federal government. The government’s goal is to give at least 23 percent of all federal contracts to small businesses. Instead, year after year, the NBC Bay Area investigation found the government falling short of that goal.
Keep reading this article at: http://www.nbcbayarea.com/investigations/Large-Firms-Land-Small-Business-Set-Asides-163194546.html.
