BP Oil Spill Fuels Government Contracting
NEW YORK ( TheStreet) -- The BP (BP - Get Report) oil spill last year took its toll on small businesses along the Gulf Coast, but the federal government is also looking to increase contracting opportunities that could balance out the damage to some.
Exactly one year ago, the Deepwater Horizon oil rig used by BP exploded in the Gulf of Mexico, ultimately leaking some 5 billion barrels of oil into the surrounding waters, harming the ecosystem and the businesses and residents making their living off the waters.
|The befouling of the Gulf Coast by last year's BP oil spill opened opportunities for small businesses to contract with the U.S. government.|
According to the Small Business Administration, the disaster was a good reason to remind local businesses of the large amount of government contracting work in Mississippi, Louisiana and Alabama.
The BP disaster was an "opportunity to
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts