Veteran-Owned Businesses Getting Gov Deals
More government agencies and private firms are setting aside more contracts for veteran-owned companies. According to the National Veteran-Owned Business Association, 18 states have some sort of legislation favorable to veteran-owned businesses or have laws that help create opportunities when it comes to state-government contracting. That’s up from 12 in 2008. Read the Full Story
Companies That Might Get Crushed Over Their Government Contracts
There is a lot of money being spent by the US government on contracts and these funds could be significantly cut. The US Department of Defense spent $367.1 billion on contractors in the 2010 fiscal year and these contractors could be severely hurt. Click below to view a list of the top 15 federal government [read more »]
Small Business Credit in a Deep Recession
Denny Dennis, senior fellow with the NFIB Research Foundation, let me know a while back that he was working on a new small business survey looking at the impact of the recession on credit. The NFIB released the report “Small Business Credit in a Deep Recession” today. Here are a few highlights of the report: [read more »]
Think Banks Are Out of the Woods? Maybe Not
More than $1 in every $10 that American banks have outstanding in loans is lent to a troubled borrower, a ratio far higher than previously seen in the quarter-century that such numbers have been compiled, The New York Times’s Floyd Norris writes in his Off the Charts column. The problems are greatest in construction loans [read more »]
Obama Outlines $30 Billion Small Business Loan Proposal
By Christine Lagorio | Feb 2, 2010 At a town-hall meeting in New Hampshire, President Obama outlined his plan to increase hiring in small businesses by granting local banks $30 billion in loans. Naming job creation as his priority for 2010, President Barack Obama pitched his $30 billion loan program proposal Tuesday to help small [read more »]
California Nears Financial “Meltdown” as Revs Tumble
Wed Jun 10, 2009 7:31pm EDT By Jim Christie SAN FRANCISCO (Reuters) – California’s government risks a financial “meltdown” within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state’s controller said on Wednesday. Underscoring the severity of California’s cash crisis, [read more »]