The Boston Business Journal is reporting that Federal Government contracts worth millions of dollars were given to huge corporations like GE with 319,000 employees that the Federal Government said went to “small businesses”.
Huge corporations are bidding on government contracts through wholly owned subsidiaries and the feds are acting like “mom and pop” won the bid.
“It’s a huge problem,” said Lloyd Chapman, president of the American Small Business League, a membership group based in Petaluma, Calif.” Small businesses should have an opportunity to compete. But when they are bidding against the subsidiaries of major corporations and foreign institutes, they don’t have much of a chance of winning.”
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