February 24, 2016
Fortune 500 Firms Receiving Billions in Federal Small Business Contracts
Source: PR Newswire, Steve Godfrey, February 10, 2016
The American Small Business League (ASBL) has released their annual analysis of federal contracting data for fiscal year 2015. The ASBL’s analysis is based on the latest data from the Federal Procurement Data System. They found in fiscal year 2015 Fortune 500 firms and thousands of clearly large businesses received billions in federal small business contracts. Their research found 151 Fortune 500 firms landed government small business contracts in 2015.
Verizon received over $108 million in small business contracts through their subsidiary Terremark. Some of the other firms that received small business contracts last year include: Apple, Microsoft, General Electric, Home Depot, AT&T, UPS, Hewlett Packard, IBM, Bank of America, Citigroup, Wells Fargo, Pepsi, Boeing, Oracle, Raytheon, Lockheed Martin, General Dynamics, Northrop Grumman, Anthem and John Deere.
The Government Accountability Office (GAO) released their first investigation into corruption and fraud in federal small business contracting programs in 2003. The GAO uncovered over 5,300 large businesses had been the actual recipients of billions in US Government small business contracts. Read More …
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