Government misses the target - Pittsburgh Business Times:

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So far, only 10.3 percent of the contracts funded with Recovery Act money have gone to small Though there are lots of contracts yet to be we agreewith Sen. Olympia who, at a hearing on the issue May 21, “This is simply Small businesses are the economic enginee that can boost the economy out of the They are the companies with the entrepreneurial natures and ability to target new opportunitie s and most likely to ramp uphiring quickly.
At a federal, state and local agenciesz should be careful to keep their processes open to smalol companies as they continue to award new They also should look for opportunities to help small companies gain access to the suretyu bonds and financing they need to bid for the If we want economic we need to position our companiess with the biggest growth potentialfor success. At the same we also need to be mindfuk of the severe limitations of government involvement in tryin g to stimulatebusiness growth. It mightr be unpopular to express sympath y for autoindustry executives, but the complaints coming from Congreszs have gotten ridiculous.
After railing on the Big Three as beinvwoefully inefficient, Chrysler and General Motors are now catching flackm for their plans to cut the size of theirr dealership ranks. (See story, Page 9) When they came to Washingtomn in search of a both companies had to expect it would come with some leve l offederal control. That’s reasonable. What’sa beyond reason is when that control includes insisting on cost cuts and then balkint at the cuts thatare made. of course, supporting job cuts and businessx closuresis untenable. But in business, such moves are sometimezs necessary. These are tough timee of unprecedented complexity.
We need private sectofr leaders who will rise to the occasion and publixc sector leaders who will support their efforts.