SBA to crackdown on small-business contracts awarded to corporations

03/28/2007 | Los Angeles Times (tiered subscription model)

Starting this summer, businesses with federal contracts will be required to report if they are acquired, merged or buy another company, in an effort to prevent large or corporate businesses from getting federal contracts reserved for small businesses. "We know that there is some concern out there and we believe this is a way of addressing that issue," said the district director of the Small Business Administration's Los Angeles District Office.

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