INTERNET MARKETING

 
INTERNET MARKETING

These 3 Things will Change the Way Your Store Approaches Tomorrow’s Customer
Designing Content for the Mobile-First Index
Love Food and Small biz? There’s An App for That
States With No Corporate Income Tax Rate
Ohio
Nevada
South Dakota
Texas
Washington
Wyoming
Key Economic Indicators
Item Rate
CPI: 0.1% (Jul 2017) 
GDP Growth: 3% (2nd Qtr 2017)
Bank Prime Interest Rate: 4.25%
Consumer Confidence: 122.9% (Aug 2017)
Small Biz Confidence: 105.2% (Jul 2017)
Avg Gas Price: $2.66

 

 

 

 

 

 

 

 

SMALL BUSINESS NEWS

22 July 2012

 

Email this page    

 

Doing Business With Some Cities May Be Bad For Your Small Business Health

The city of San Bernardino, California is in financial trouble and has filed for Chapter 9 bankruptcy protection.  On Tuesday, the city council voted for the measure.

San Bernardino is a city of 210,000.  It is located near Los Angeles.  San Bernardino is the fourth city this year to file for bankruptcy.  Others include Stockton, CA and Mammoth Lakes, CA and Scranton, PA.

If you're a small enterprise doing business with the cities in financial trouble such as  San Bernardino could be bad for your small business health.  There is the likelihood that you may not get paid in a timely manner for the services you've rendered.  

Cities in financial trouble tend to reduce hiring of vendors and delay payments to those vendors whose services they must retain.

The City is in debt by $1.2 million and has less than 60 days of operating cash on hand.  It has already reduced the salary of city workers such as firefighters and police to minimum wage standards.

According to the City Manager, Andrea Travis-Miller, the city will continue to meet its financial obligation to its vendors, creditors and employees and will continue to do so over time.

Sources:

The Wall Street Journal
The Los Angels Times
The City Council of San Bernardino

 
By Tim Miller

 

 

 

 

 

 
 

 

  
 

INTERNET MARKETING

News Home

SBZ Home

 

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

© 2012-2015 The Small Business Zone, Inc.  All rights reserved.