President Obama tells companies to pay suppliers faster

All Sites A new initiative was launched on Friday, July 11 by the Obama Administration to ensure that small businesses get paid more quickly, and several dozen large companies have signed on. The new program called SupplierPay is a “private sector” counterpart of the government’s QuickPay program launched in 2011 that pays small business contractors before larger ones. Under QuickPay, the federal government is required to pay small contractors quickly – within two weeks. read more

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President Obama tells companies to pay suppliers faster

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