Dan Frisbee, CEO of Walton Construction Company, was quoted in the Wall Street Journal last week in an article on small businesses benefiting from federal stimulus funds. Walton has offices in St. Louis, Kansas City, Springfield, Missouri, Dallas and New Orleans.

According to the article by Kelly Spors, the small companies best-positioned to take advantage of the stimulus money are those that already have established relationships with government officials and have experience doing government contracting work.

Walton, a construction firm with about 550 employees, currently gets about 60% of its revenue from public and government projects such as constructing military barracks. Dan Frisbee says his company has seen the number of inquiries from prospective subcontractors double to more than 300 in the past six months.

But even with his experience, Mr. Frisbee says the process isn’t easy. “The government has a lot of regulations you have to be aware of,” he says.

Source: Wall Street Journal