PETALUMA, Calif., April 27, 2016 /PRNewswire-USNewswire/ -- In a press release on Monday, the Small Business Administration (SBA) announced they will finally be releasing the Small Business Federal Procurement Scorecard for FY2015 on Thursday.
The American Small Business League (ASBL) predicts the SBA will inflate the numbers, as they customarily do, in two strategic ways. First, to inflate the percentage the SBA will use a number that is less than a third of the actual federal acquisition budget. According to the latest data from the Congressional Budget Office, the 2015 total federal acquisition budget was over a trillion dollars, yet the SBA used their "eligible" dollar figure of $352 billion to inflate the percentage. Secondly, the SBA has always included billions of dollars in contracts to some of the biggest companies around the world in their numbers. One of America's leading experts on federal contracting law, Professor Charles Tiefer, found no federal law allowing large businesses to be considered small businesses.
Thursday's release of the small business contracting data will likely reveal that billions of dollars in small business contracts were diverted to large businesses during Fiscal Year 2015. The American Small Business League estimates that small businesses have already been cheated by as much as 2 trillion dollars over the past 10 years.
"I think the Washington media is partly responsible because the fraud was first exposed in 2002, and yet, not one journalist in 15 years has ever asked the Small Business Administration to show the section of the Small Business Act which would allow the inclusion of Fortune 500 firms under small business subcontracting data," stated ASBL President Lloyd Chapman.