A Letter to President Obama From an American With C
January 28, 2010 01:56 PM Eastern Time
PETALUMA, Calif.--(EON: Enhanced Online News)--The following is a letter to President Barack Obama from American S
League President Lloyd Chapman:
I just finished watching your State of the Union address.
You said something that really caught my attention. You said, "let's try common sense." I have some common sense suggestions for
and trying to boost our nation's struggling economy is obviously the number one issue all Americans want you to address.
Based on the latest data from the U.S. Census Bureau, small business are responsible for virtually 100 percent of net new jobs in A
your administration has allocated less than 3 percent of stimulus funds directly to small businesses. Wouldn't it make sense to shift m
Current federal law requires that a minimum of 23 percent of the total value of all federal contracts and subcontracts be awarded to
(http://www.smallbusinessnotes.com/fedgovernment/sba/sbact.html) That certainly makes sense. What better way to invest hard ear
dollars than to reinvest those funds with the small businesses where most taxpayer's work and nearly all net new job are created?
Unfortunately, since 2003 over a dozen federal investigations have reported that billions of dollars a month in federal small business
been diverted to Fortune 500 firms. Based on data from the investigations it appears that between $75 and $120 billion a year in fe
business contracts are diverted to large businesses. (http://www.asbl.com/documentlibrary.html)
In 2005, the Small Business Administration (SBA) Office of Inspector General (IG) referred to this problem as, "One of the most i
facing the Small Business Administration and the entire Federal government today." Recently, for the fifth consecutive year, the SBA
diversion of federal small business contracts to corporate giants as the number one management challenge facing the agency.