| The Government's Role in Aiding Small Business Federal Procurement Programs |
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Small businesses in the United States have received a share of federal procurement dollars not quite commensurate with their relative importance in the U.S. economy, according to a research study released by the U.S. Small Business Administration's Office of Advocacy. The study states that while 99.7 percent of all employer firms are small, they receive about 23 percent of direct federal procurement dollars and almost 40 percent of subcontracting dollars. The Government's Role in Aiding Small Business Federal Subcontracting Programs in the United States was authored by Major Clark III, Chad Moutray, and Radwan Saade from the Office of Advocacy.The study discusses the importance of the small business sector to the overall economy and the policy framework for the federal government's involvement in requiring federal prime contractors to subcontract with small businesses. It examines the policy from 1958 to the present; and discusses steps needed to improve the American small business subcontracting program to accommodate greater participation by these businesses in new and emerging global markets. To obtain a copy, visit: http://www.sba.gov/advo/research/rs281tot.pdf . The research summary is located at: http://www.sba.gov/advo/research/rs281.pdf . Should you need further information regarding this report, please feel free to contact Major Clark at: advocacy@sba.gov or (202) 205-6533. |
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