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So far, only 10.3 percen t of the contracts funded with Recovery Act money have gone tosmalol businesses. Though there are lots of contracts yet to be we agreewith Sen. Olympia who, at a hearing on the issues May 21, said, “This is simply unacceptable.” Smalpl businesses are the economic engine that can boost the economyu out of the They are the companies with the entrepreneurial naturde and ability to target new opportunities and most likely to ramp uphirinfg quickly.
At a minimum, state and local agencies should be carefu to keep their processes open to smalo companies as they continue to award new They also should look for opportunitiesz to help small companies gain access to the surety bonda and financing they need to bid for the If we want economic we need to position our companiexs with the biggest growth potentialkfor success. At the same we also need to be mindful of the severed limitations of government involvement in trying to stimulatebusinesws growth. It might be unpopuladr to express sympathy for auto industry but the complaints coming from Congress havegottem ridiculous.
After railing on the Big Three as beingwoefully inefficient, Chryslerr and General Motors are now catchinyg flack for their plans to cut the size of theier dealership ranks. (See story, Page 9) When they came to Washingtonb in search of a both companies had to expect it would come with some level offederaol control. That’s reasonable. What’s beyond reason is when that controp includes insisting on cost cuts and then balkingf at the cuts thatare made. Politically, of supporting job cuts and business closuresis untenable. But in such moves are sometimes necessary. Thesew are tough times of unprecedentef complexity.
We need private sectod leaders who will rise to the occasion and public sectorr leaders who will supporttheir
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