Small Business Finance News

North Carolina Small Businesses Receive Support From Governor

Written by Jenna Weiner
Published: 2/19/2010

North Carolina small businesses are getting some needed assistance from governor Bev Smith, who is taking steps to ensure that North Carolina entrepreneurs have an opportunity to win state contracts.

North Carolina governor Bev Smith announced on Friday an executive order that demands state small business be allowed to match the best contract offer for any state purchase of goods before the deal is finalized.

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The aim of the order is to encourage development and small business growth in North Carolina. The offer mandates that any North Carolina company who bids within 5 percent or $10,000 of the lowest price be allowed to resubmit their bid.

Smith also announced the establishment of a state small business commissioner; Scott Daugherty, who currently serves as the executive director of the Small Business Technology Development Center, was named to the post.

"This order can help save and grow jobs right here in North Carolina," said Smith. "At a time when North Carolina companies are looking hard for customers, this change will give them a better chance to compete for business, stay in business, and grow their business."

North Carolina is not the first state to announce good news for small businesses this week. Missouri treasurer Clint Zweifel reported on Tuesday that the state will issue $36 million in small business loans to the Northeastern region of the state.

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