WHAT YOU’LL SEE ON COLBERT TONIGHT…. In the latest issue of the Washington Monthly, Jeffrey Leonard, CEO of the Global Environmental Fund, has a great piece on small businesses, which generated a fair amount of attention from the likes of Jon Alter and David Leonhardt.
History shows that small businesses are a key component of national recovery in economic downtimes. But in today’s sputtering job market, these traditional engines of growth and employment are limping along at best. Many small firms are handicapped by a new twist on an old parasitic business practice that large corporations are using in the wake of the 2008-09 financial crisis, one that has significantly reduced the cash available to small businesses to invest and hire new employees.
Leonard presents a couple of straightforward ways to improve the status quo, including a simple executive order mandating that all companies with federal contracts pay their suppliers within thirty days of invoice.
It should be an interesting interview. Tune in at 11:30 p.m. (ET).