May 19, 2011
On Monday, May 13, the Obama Administration released what President Obama called "The Small Business Agenda: Growing America’s Small Businesses to Win the Future."
The American Small Business League (ASBL) announced that it was surprised to find out that the plan ignores the diversion of billions of dollars a year in federal small business contracts to large corporations.
The ASBL found that since 2003, a series of federal investigations have found that most small business contracts actually go to Fortune 500 firms in the U.S. and other large businesses around the world.
The most recent data released by the Obama Administration shows recipients of federal small business contracts including: Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN), Dell Computer (NYSE: DELL), Xerox (NYSE: XRX), SAIC (NYSE: SAI), General Dynamics (NYSE: GD), Bechtel and John Deere (NYSE: DE).