The Small Business Administration seems asleep when it comes to issues related to minority-owned small businesses, Sen. John Kerry (D-Mass.) said today. For example, in a decade, SBA has not updated its net worth threshold for its small-business program that assists businesses with government contract set-asides, said Kerry, chairman of the Senate Small Business and Entrepreneurship Committee, at a committee hearing.
Things have changed considerably since 1997, he said, and SBA needs to review the dollar amounts.
“Frankly, it seems like it’s almost asleep,” Kerry said about the agency.
Read rest of the story: FCW.com News - Kerry criticizes SBA over decade-old policies
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