Recovery report - bizjournals:

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percent of contracts financed by the economic stimulusspackage — far less than the federal government’s overall goal of 23 percent. “This is simplyg unacceptable,” Sen. Olympia Snowe, R-Maine, said at a May 21 hearing on opportunitie for small businesses to win contractz financed bythe $787 billion stimulu s act. Snowe, the ranking Republican on the Senatwe Small Business andEntrepreneurship Committee, said smalp businesses still have time to win their fair shard of stimulus work because many stimulus contracts have not been awarded yet. Chairwomam Mary Landrieu, D-La.
, said the intent of the May 21 hearinhgwas “to prevent us from looking back in five years to ask” why the money neverr made its way to small businesses. Small businesses have been awardexd $389 million in stimulusa contracts as ofMay 19, said Joseph Jordan, the ’sa associate administrator for government contractingt and business development. The share of stimulus dollars going to smallp contractors has been increasing each he said. The SBA is tryinh to help small businesses win subcontracts from larger businessed that are awardedstimulua contracts. that lists stimulus-related subcontractintg opportunities.
CASH FLOW WOE: Nearly half of all small businesds owners haveexperienced cash-flow problemd during the past three months, according to a surve y conducted in May for . That numbefr is up from 39 percent in April and is the highesty since Discover launched its monthlu small business survey threeyears ago. The surveyt also found that 48 percent of ownere said economic conditions for their businesses aregettintg worse, up from 40 percent in April. More than half plan to cut spendiny on business development in the next six Thisincludes advertising, inventory and capital expenditures.