supplierpay Stories July 11, 2014

Apple’s operations chief said today that the company paid out over $3 billion to small businesses that supplied Apple with parts for its products in 2013. That money was split up between around 7,000 different suppliers as part of the SupplierPay program started by the White House.

SupplierPay is an extension of a federal program called QuickPay that required the government to issue payments to small business partners within 15 days of billing in an attempt to promote economic growth. With SupplierPay, the program is extended (optionally) to private businesses like Apple.

expand full story

According to a report from The Wall Street Journal, President Barack Obama is set to announce a new program called “SupplierPay” to help boost small businesses, and Apple is one of the 26 companies listed as having already signed on.

The program intends to send money down the supply chain and help strengthen contractors and smaller businesses by giving them access to lower-cost capital and thereby opening up opportunities for hiring more workers. This, the White House hopes, will increase investments at the small business level as well. expand full story

Sylvania HomeKit Light Strip

Powered by WordPress.com VIP