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Do Small Businesses Create Jobs?

Posted: 04/17/2012 11:07 am Updated: 04/17/2012 11:07 am

Small Biz

The New York Times:

The Small Business Administration recently refined its definition of a “small business” for the purposes of qualifying for federal aid and contract set-asides. Depending on the industry, a small business may be defined by the number of employees, receipts, assets or other factors. The new definitions are industry-specific.

About 8,350 companies are believed to be newly eligible for the small-business designation, according to a Bloomberg Government article published in The Washington Post. Among those affected, 958 engineering and technical services contractors that were previously considered large businesses will now be considered small. In 2011, $220 million in federal contracts for engineering and technical services were reserved for small businesses.

Read the whole story at The New York Times

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Filed by Drew Guarini  |