Tag Archives: economy

Philadelphia Economic Recovery Procurement Summit – Apr 6th

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Recovery.govThe City of Philadelphia along with the Pennsylvania Minority Business Enterprise and The Enterprise Center presents the Recovery Procurement Seminar on April 6th from 8:00 am to 11:30 am.  The event will give small business owners the opportunity to:

  • Learn about Procurement Opportunities
  • Meet with representatives from over 30 governmental agencies, nonprofits, and primary contractors.
  • Network with fellow MBEs and WBEs

The event will be held at the Pennsylvania Convention Center in Philadelphia.  The summit will hosts two seminars:

Workshop #1: “Getting Started: Navigating the Procurement & RFP Process”

Workshop #2: “Maximizing Your Business Development: Identifying and Responding to Procurement Opportunities

Cost: Free but pre-registration is required.

For more information, call 215-895-4037 or register online   at http://april6thsummit.eventbrite.com/

eRead the President’s Economic Report

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The Economic Report of the President is an annual report written by the Chairman of the Council of Economic Advisors. It overviews the nation’s economic progress using text and extensive data appendices. The Economic Report of the President is transmitted to Congress no later than ten days after the submission of the Budget of the United States Government. In this report, you will find current/foreseeable trends and annual numerical goals concerning topics such as employment, production, real income, and Federal budget outlays.  You can also download the report to your ereader such as Kindle or Nook or  Sony Reader.

We are in better shape than we thought

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We are in better shape than we thought

The Philadelphia Business Journal is reporting that the U.S. economy shrank at just 1 percent the second quarter, beating analysts’ expectations and providing fresh evidence that the effects of the economic downturn are weakening.

The GNP is a measure of the value of all goods and services produced in the United States. This is important news, because analysts expected our GNP to fall 6% or more in comparison to our GNP last quarter.

What does this mean for small business owners? Now is the time to re-examine your GNP. Look at your key metrics that measure profitability. While you may not have increased your revenues, have you reduced costs or increased efficiency? Do you have enough prospective clients in the pipeline? Have you reduced your risk by purchasing an insurance policy or adopting standard operating procedures promoted by your professional organization.

Update: Here is a business doing well during the recession. Miller Coors, like our GNP, has lost 1% of its market share. However the Philadelphia Business Journal is reporting that the company is saving over $500 million dollars by improving efficiency.

Good Luck.

Sharmil McKee
Business Attorney
blog@mckeeoffice.com

McKee Law Office
Philadelphia, Pennsylvania
215-242-5260

www.mckeeoffice.com