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1. The Government is trying to close the SBA
According to Inc.com in 2006 the SBA's budget was $456.5 million.
In 2005 the budget was $579.5 million. In 2001 -- the final year
of the Clinton administration -- the budget was $1.1 billion.
2. U.S. small businesses lose $ billions
per year to large firms
The Small Business Act of 1953 mandates that every year the federal government
must spend 23 percent of the total value of all federal prime contracts with
small business.
According to statistics from the SBA Office of Advocacy, small businesses: make
up more than 56 percent of the US economy, provide 75 percent of the net new
jobs added to the economy, represent 99.7 percent of all employers, employ 50.7
percent of the private work force, provide 40.9 percent of private sales in the
country and represent 97 percent of all U.S. exporters.
Despite their clear economic impact, we estimate that the federal government
counts more than $60 billion a year in federal small business contracts to large
and international corporations towards the federal small business procurement
goal.
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