The Small Business Administration oversees the HUBZone Program designed to aid Historically Underutilized Businesses, and once again a government watchdog group has found the program rife with fraud (pdf).
The program has been staggering under charges for years that businesses are fraudulently or inaccurately representing themselves to get into the program. The Government Accountability Office did a test to see if the SBA has improved any of these perennial problems by creating four bogus businesses, one whose main address was listed as the national historic landmark the Alamo.
The GAO found that the SBA could have easily done online searches to determine the validity of these fake firms and while it's improved its process slightly for entering the program, it's still shamefully behind.
The SBA took about seven months to process each of these bogus applications and lost documentation, according to the GAO report.
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