Solving Chronic Unemployment by Creating Disadvantaged Entrepreneurs

January 27, 2015

The U.S. government is looking for solutions. It requires that a certain percentage of its contracts be awarded to disadvantaged firms, but this can create its own set of problems and often times doesn’t live up to its intention. Large public works projects, for example, require that 9 percent of the budget be awarded to disadvantaged firms, but more often than not, large developers would rather anticipate fines then assume the risk of hiring an unknown, unbonded, disadvantaged firm that may not perform the work on time or within budget.