WAMU 88.5 : News

Filed Under:

Virginia Panel Working To Expand Small Businesses

Play associated audio

Nearly 21,000 small-, women-, and minority-owned businesses in Virginia are now state-certified. Department of Minority Business Enterprise Director Ida McPherson told a legislative panel of the Small Business Commission that the number of companies owned by women and minorities that conduct business with the state has significantly increased.

Companies defined as small businesses with up to 250 employees still win many contracts, although firms with 16 or fewer employees create more jobs.

"So when you're trying to create new jobs, you've got to get the money where those businesses are, because if they take on a new project of a $100,000, they immediately go out and hire someone," says McPherson. "If you take a firm that is at 250 employees and they're making $50 billion, if they bid on something, a $250,000 project, they don't need to hire anybody else. They just squeeze it within what they currently have."

McPherson said one option might be to target more contracts toward the subset of companies with fewer employees.

NPR

Bill Cunningham, Iconic 'New York Times' Photographer, Dies At 87

Cunningham worked at the Times for almost 40 years, capturing the fashion trends of the day with a timeless eye.
NPR

With A Zap, Scientists Create Low-Fat Chocolate

Scientists say they've figured out how to reduce the fat in milk chocolate by running it through an electric field. The result is healthier, but is it tastier?
NPR

Tracing The 43-Year History Of The U.K. In The European Union

The U.K. joined the European Union in 1973, hoping to gain from the booming economies on the continent. Historian Timothy Garton Ash explains the reasons why, and how the relationship soured.
NPR

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.