Set-Aside Alert exclusive survey:
‘This is a mess!’: survey shows small business contractors’pain
Small vendors see revenues sink as invoices go unpaid;
Damage to increase dramatically as shutdown goes on;
Set-Aside Alert surveyed 424 vendors, incl. 380 small biz
Small business federal contractors are feeling the pain of lost revenues and uncertain wages worsening by the day due to the ongoing government shutdown that started on Dec. 22.
Small business owners report that their cash flow and profits are rapidly shrinking as invoices to government agencies go unpaid, and they struggle to keep paying their workers on time, according to a Set-Aside Alert survey of small business federal contractors conducted from Jan. 7 to 13.
As the partial shutdown continued into the fourth week, 35% of the small vendors reported a “significant” or “substantial” negative impact on their operations...more....