Business
Why Not-So-Small Businesses Got In On Small-Business Rescue
- Federal rules redefined ‘small’ for firms in 300 industries
- Larger companies crowded out little ones, advocates say
Closed businesses in downtown Cartersville, Georgia on April 22.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
While some mom-and-pop businesses waited in vain for their share of a federal bailout, a 700-person biotech firm that recently paid a multimillion-dollar settlement to the Justice Department was approved for one.
A steel fabricator with 795 employees was too. So was a telecommunications company that has 1,270 workers, 700 of them based in the U.S.