Senate committee members expressed frustration with the Small Business Administration for showing little proof of progress toward improving its programs for minority-owned small businesses. Sen. John Kerry (D-Mass.), chairman of the Small Business and Entrepreneurship Committee, said no one at SBA seemed to be moving to help minority-owned small businesses, a burgeoning segment of the small-business market. Three recent reports from SBA’s inspector general found that the agency does not track compliance with 8(a) regulations, improperly maintains an 8(a) database, poorly supervises mentor-protégé arrangements between 8(a) firms and larger businesses, and fails to ensure that 8(a) contracts go to more than a handful of participating firms.
Read rest of the story: FCW.com News - Senators unhappy with SBA
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