This blog provides updates on the latest news for government and commercial contracts and procurement professionals. Also includes Federal changes and its effects to large and small businesses.
Friday, April 19, 2013
Budget Cuts Affect Small Business
Denver Post: Budget Cut
Great article detailing the affects of budget cuts through sequestration and small business primes and subcontractors. Seems to hurt the most effective sectors in the US which has the highest growth and gives the most prosperous products and services.
Budget cuts freezing small businesses
Huffington: Budget Cuts
Small US based businesses are taking a large hit with the sequestration changes costing the entire sector 1 million jobs as nearly half of the job losses would come from small business. And "the U.S. Small Business Administration estimates that small businesses employ about half of all private-sector workers and generated 65 percent of net new jobs over the past 17 years, and were responsible for about one-third of U.S. exports."
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