Jon Rarick is glad to know someone is working to ease the plight of small businesses in northern Colorado.
“The small-business person out there has really been squeezed since the banks have withdrawn really any kind of lending to any small businesses around,” he said.
“It’s put small businesses in the position of having to carry their receivables longer for their customers, as opposed to a bank doing it in the past. It’s put a squeeze on us. We have less cash flow that we could use for either adding personnel or buying additional product.”
The president and owner of Greeley-based Trans World Supplies Inc. was among several dozen small-business people to respond last week after Rep. Cory Gardner, R-Colo., launched his One More Job Initiative, an effort to solicit feedback from small-business owners about what it would take for them to hire one more person.
On Wednesday, Democrats Sens. Michael Bennet and Mark Udall, along with Gov. John Hickenlooper, sent a letter to President Barack Obama detailing the Colorado Competes report, which focuses on spurring innovation and job growth. The report provides recommendations aimed at attracting capital to small businesses, creating a predictable business environment and promoting workforce development, among other things.
Read the rest of this report at .
