Economic development (31 - 40 of 116 items)
Small Business: Use of the Surety Bond Waiver Has Been Limited
RCED-92-166: Published: Jul 7, 1992. Publicly Released: Jul 7, 1992.
GAO provided information concerning: (1) the number of contracts awarded that used the Small Business Administration's (SBA) Surety Bond Waivers (SBW) Program; (2) the problems and limitations of SBA 8(a) Program implementation; (3) the impact of SBW Program regulations and procedures on contractor participation; (4) defense agency contracting officers and SBA 8(a) Program contractors problems in...
Telecommunications: Competition in the Cellular Telephone Service Industry
T-RCED-92-72: Published: Jul 1, 1992. Publicly Released: Jul 1, 1992.
GAO discussed competition in the cellular telephone industry. GAO noted that: (1) since two firms provide service in the cellular market, it is unlikely that the industry's pricing will be competitive; (2) resellers buy blocks of cellular service at wholesale rates, but do not own or operate cellular systems or compete with the two major carriers at the wholesale level, a situation that does not l...
Small Business: Losses on Individual SBA Loan Programs Are Not Fully Disclosed
RCED-92-90: Published: Apr 17, 1992. Publicly Released: May 19, 1992.
Pursuant to a congressional request, GAO: (1) provided information on how the Small Business Administration (SBA) accounts for acquired collateral in reporting 7(a) Loan Program losses; and (2) reviewed whether SBA assigns proper value to collateral from defaulted loans when making acquisition decisions.GAO found that: (1) SBA does not include actual gains or losses on acquired collateral and cost...
Small Business: Problems in Restructuring SBA's Minority Business Development Program
RCED-92-68: Published: Jan 31, 1992. Publicly Released: Mar 4, 1992.
Pursuant to a legislative requirement, GAO provided information on the Small Business Administration's (SBA) progress in implementing provisions of the Business Opportunity Development Reform Act of 1988, designed to remedy the problems which prevented the SBA 8(a) Program from developing firms owned by socially and economically disadvantaged individuals into viable businesses.GAO held that: (1) d...
Federal Research: Small Business Innovation Research Program Shows Success But Can Be Strengthened
T-RCED-92-32: Published: Feb 26, 1992. Publicly Released: Feb 26, 1992.
GAO discussed the Small Business Innovation Research (SBIR) program, focusing on products' commercial trends in Phase III of the program, which involves the use of non-federal funds for commercial application of the technology or follow-on non-SBIR government contracts for government application. GAO noted that: (1) about half of the SBIR projects are of about the same quality as other federal res...
Small Business: Improving SBA Loan Collateral Liquidations Would Increase Recoveries
RCED-92-5: Published: Dec 19, 1991. Publicly Released: Jan 21, 1992.
Pursuant to congressional request, GAO reviewed the Small Business Administration's (SBA) management of its section 7(a) general business loan portfolio, focusing on: (1) SBA liquidation of loan collateral for defaulted loans; (2) the adequacy and valuation of collateral; and (3) SBA and private lenders' collateral recovery efforts.GAO found that: (1) in the three regions reviewed, SBA lost about...
Small Business: Improper Payments of Former Administrator's Expenses
RCED-91-134: Published: Jul 19, 1991. Publicly Released: Aug 7, 1991.
Pursuant to a congressional request, GAO examined the: (1) accuracy and appropriateness of the Small Business Administration's (SBA) payments for its former Administrator's travel expenses; (2) propriety of SBA payments for continuing legal education courses the former Administrator attended; and (3) number of government-paid trips the former Administrator took to the vicinity of her home.GAO foun...
Small Business: SBA Incurs Substantial Losses on Liquidated Loans
T-RCED-91-64: Published: Jun 4, 1991. Publicly Released: Jun 4, 1991.
GAO discussed the effectiveness of the Small Business Administration's (SBA) efforts to liquidate the collateral of defaulted general business loans. GAO noted that: (1) SBA failed to maximize recoveries on existing collateral; (2) loan losses were higher than necessary because SBA operating procedures did not ensure that private lenders were maximizing recoveries on liquidated collateral; (3) due...
Small Business: Information on and Improvements Needed to Surety Bond Guarantee Programs
RCED-91-99: Published: Apr 23, 1991. Publicly Released: May 28, 1991.
Pursuant to a congressional request, GAO reviewed the: (1) Small Business Administration's (SBA) management of its Surety Bond Guarantee (SBG) program between fiscal year (FY) 1987 and FY 1989; and (2) status of the SBA pilot Preferred SBG Program.GAO found that: (1) SBG program data indicated that SBA guaranteed 33,408 bonds having a total contract value of $3.9 billion between FY 1987 and FY 198...
Minority Business: Minority Business Development Agency Needs to Address Program Weaknesses
RCED-91-114: Published: Apr 16, 1991. Publicly Released: Apr 16, 1991.
Pursuant to a congressional request, GAO reviewed the Minority Business Development Agency's (MBDA) grant program management, focusing on: (1) procedures and practices for attracting, selecting, and managing special projects; and (2) MBDA response to previously identified management deficiencies in its Business Development Center and special projects programs.GAO found that MBDA: (1) lacked adequa...