President Bush, in delivering his State of the National Economy at the chamber of the House of Representatives in Washington, D.C. on February 2, 2005, pledged to make the economy stronger and more competitive by rewarding and not punishing the efforts and dreams of entrepreneurs (2005). He said that a small business is the path of advancement, especially for women, minorities and those in economically depressed areas. This declaration received a strong bipartisan reception, an acknowledgment on the part of the Congress, perhaps, that these businesses constitute the backbone of the U.S. economy. Lacking in the President's speech, however, were specifics about how these goals will be accomplished. While public procurement has been a neglected area of study, the history of small businesses participation in the Federal government, and their associated performance, has been well documented (Thai, 2001). Research by governmental agencies and economists reveal that while the importance of small business concerns, in the overall US economy, has been repeatedly established, current data support previous assumptions and empirical evidence showing that, in the federal system, small businesses, particularly those located in distressed zones, continue to face a multitude of barriers. These barriers result in these businesses, known as HUBZone businesses, receiving less than 2 percent of the dollars awarded in the federal procurement market place (The Federal Procurement Data Center, 2005).
|Subjects||Management; Public administration|
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