According to CNNMoney, IBM and five other major U.S. corporations said they would make it easier for small companies to apply for billions of dollars worth of corporate contracts to help boost the economy.
AT&T, Bank of America, Citigroup, IBM, Pfizer and UPS said they will participate in a Web-based procurement system that will enable “one-stop shopping” for small and medium-sized firms seeking a combined $150 billion worth of businesses every year.
The goal is to make it easier for smaller companies to win contracts by completing just one application to supply goods and services to a number of big companies. Small businesses currently must file separate applications for each company and repeat the process for new contracts to provide services ranging from catering to construction.
Photos by AT&T, Bank of America, Citigroup, IBM, Pfizer and UPS.