Good News

Federal Government purchasers are required to give preference to small businesses (normally companies with 500 employees or less) on purchases of $1/2 million or more.  Under a bill passed last week by the Senate, at least 23% of smaller purchases, normally made by credit card, must also go to small businesses.  According to Inc.com, The Purchase Card Waste Elimination Act, will open up an additional $16 billion in purchases which have traditionally gone to large suppliers.

The House has yet to act on the measure.  Read more details here.

Mine Your Own Business will keep an eye on the measure’s progress for you.

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