Alexandria, VA–(HISPANIC PR WIRE – US Newswire)–June 15, 2004–President George W. Bush intends to damage the small business community in favor of large corporations by proposing new regulations that will ultimately reduce small business participation in U.S. federal government contracting. An emergency town hall meeting has been organized by the Association of Small Businesses in Technology, Inc. (ASBT) and will take place in Arlington, VA on June 17, 2004 and members of the press are invited to attend.
Small businesses contribute more than 50% of U.S. Gross Domestic Product (GDP) and provide approximately 70% of all new jobs created in the U.S. (source: U.S. Census Bureau). New regulations that are being proposed by the Small Business Administration (SBA) would ultimately hinder the ability of small businesses in the U.S. to compete with large corporations; such has Halliburton, for U.S. federal government contracts.
The Chairman of ASBT, Mr. Fernando V. Galaviz, stated that, “The Small Business Administration (SBA) is proposing regulations that will significantly change the present size standards which currently assist small businesses and their entrepreneurs in competing with large corporations in the U.S. federal government contracting arena”.
The SBA size standard regulations are used to determine the status of a business as a small business. This new SBA scheme will contribute to making the larger conglomerate firms larger and the small business community smaller by choking the growth of small businesses that do business with the federal government.
The President of the Minority Business Enterprise Legal and Defense Fund (MBELDEF), Mr. Tony Robinson, stated, “Small businesses are a critical element of the economic engine of our great country. The role of the SBA needs to be focused in developing business strategies that contribute to the growth of small businesses and not its decline”.
Members of the press are invited to attend, free of charge, the town hall meeting organized by the Association of Small Businesses in Technology, Inc. (ASBT) and supported by its collation trade association partners. The town hall meeting will take place in Arlington, VA on June 17, 2004 at the Quality Hotel (Jefferson Room) located at 1200 N. Courthouse Road from 3pm to 5pm. Members of the small community are also invited to attend free of charge.
Mr. Marvin Masterson, Esq
ASBT Executive Director