President Obama Announces New Partnership with the Private Sector to Strengthen America’s Small Businesses

Renews the Federal Government’s QuickPay Initiative

26 Companies Committed to SupplierPay Initiative

As a part of his Year of Action, the President is using the power of his pen and phone wherever he can on behalf of the American people to create jobs and help hard-working Americans get ahead. Today, the President will announce the creation of SupplierPay, a new partnership with the private sector to strengthen small businesses by increasing their working capital, so they can grow their businesses and hire more workers.

To launch SupplierPay, the President is bringing together 26 companies – both large and small – that have committed to the initiative. For the larger companies, joining SupplierPay demonstrates a recognition that a healthy supply chain is good for business. For the small business suppliers, benefiting from SupplierPay means having more capital to invest in new opportunities, new equipment, and new hiring.

President Obama, Senior Advisor Valerie Jarrett, National Economic Council Director Jeff Zients, and Small Business Administrator Maria Contreras-Sweet will host a meeting at the White House today with these businesses and their suppliers to discuss what more can be done to strengthen small businesses, building on the successes of the QuickPay program.

SupplierPay builds on the success of the Federal Government’s QuickPay initiative, which President Obama launched in 2011. QuickPay requires federal agencies to expedite payments to small business contractors with the goal of paying within 15 days. As a result of QuickPay, we have already seen well over $1 billion in cost savings for small businesses since 2011, leading to greater investment and job creation. SupplierPay is the private sector’s equivalent, where companies have committed to pay small suppliers faster or help them get access to lower cost capital.

Also today, the President is renewing QuickPay for federal small business subcontractors, where the government pays its large contractors faster and, in return, requires them to pay their small business subcontractors faster. QuickPay for small business subcontractors, which began in 2012, was only available temporarily for many small business subcontractors. Today’s announcement means faster payment for all small business subcontractors and even more business opportunities, more investment in small businesses, and more hiring.

The following companies have signed on to SupplierPay:

Apple AT&T Authentix Cardinal Health

Coca-Cola CVS Ericsson FedEx

Honda IBM Intuit Johnson & Johnson

Kelly Services Lockheed Martin Milliken Molina Healthcare

Nissan PG&E Philips Rolls Royce

Rothschild North America Salesforce Textura

Toyota Walgreens Westinghouse Electric Company

In wake of the Zika virus, travel, spring break still O.K.

Representatives from the CDC and the NIH were on hand at the White House during Monday's press briefing to update the public and address concerns over the Zika virus that has caused some babies to be born with deformities. Dr. Anne Schuchat from the Centers for Disease Control and Dr. Tony Fauci from the National Institutes of Health told reporters that a vaccine is in the making. The pair also said they are particulary concerned about women who are pregnant, or plan to get pregnant, who have either traveled to or plan to travel to areas of South America and the Carribean known to have the Zika virus. Despite those bold statements, the doctors said there is no wide-spread concern and that Americans should continue to travel, including during upcoming college spring breaks -- when college students travel to warmer climate destinations to escape winter weather. "Travel to Zika-affected areas is very common among Americans, and we don’t think that needs to stop&quo

(OTR): The White House on Hamas Terrorist Attack

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Your White House Intern Chance Is Here!

Info on how to become a White House intern. FOR IMMEDIATE RELEASE October 10, 2023 Biden- ⁠Harris Administration Announces the Application Period for Summer Session of the White House Internship Program President Biden and Vice President Harris are announcing today that the application period for the Summer 2024 session of the White House Internship Program will open on Monday, October 16th. The session will begin in June 2024. ADVERTISEMENT CMB BUSINESS SOLUTIONS The White House Internship Program is a public service leadership and development program that provides emerging leaders with an opportunity to gain valuable skills while supporting the work of the White House and furthering the priorities of the Biden-Harris Administration. This program provides paid internships across the Executive Office of the President. Interns participating in the White House Internship Program will support the White House Office and the Office of the Vice President. Program participants must be U.S.

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