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Public Sector Promoting Small Business Growth Opportunities

first_imgGovernment is helping entrepreneurs and businesses find opportunities to sell goods and services to the public sector. The annual Reverse Trade Show, hosted by government, will take place Tuesday, Oct. 27, at Pier 21, 1209 Marginal Rd., Halifax. Businesses can meet with buyers from the provincial, municipal and federal governments, health authority and post-secondary institutions. “Every business in Nova Scotia has the potential to sell to the public sector,” said Labi Kousoulis, Minister of Internal Services. “I encourage those looking to network with other businesses or find out what opportunities are there to do business with government to attend our trade show.” Government spends more than $800 million each year buying goods and services like medical supplies, heavy equipment, construction, and maintenance work. About 80 per cent went to Nova Scotia-based suppliers. Business owners interested in attending the trade show and networking sessions can register at novascotia.ca/tenders/supplier-development/reverse-trade-shows.aspx . The trade show is a partnership among the provincial government, Halifax Partnership, the Construction Association of Nova Scotia and the federal Office of Small and Medium Enterprises.last_img read more

US industrial production declined again in December

WASHINGTON – U.S. industrial production dropped for the third straight month in December as utilities reduced output amid unusually warm weather and energy companies cut back in the face of falling oil prices.Industrial production, which includes manufacturing, mining and utilities, contracted 0.4 per cent after retreating a revised 0.9 per cent the previous month, the Federal Reserve reported Friday.American industry has struggled in recent months even as the overall economy appears solid. The November decline was the biggest drop since May 2009. Output fell 0.2 per cent in October and was flat in September; the Fed originally reported that production fell in September.“Overall, with the dollar still rising at a rapid pace and global demand clearly pretty weak we don’t expect much from the U.S. manufacturing sector this year,” Paul Ashworth, chief U.S. economist at Capital Economics, wrote in a research report. “We still expect the domestic service-based economy to perform well this year.”Warm weather pushed utility output down 2 per cent in December on top of a 5 per cent drop in November. Mining production, which includes oil drilling, fell 0.8 per cent. That was the fourth straight monthly drop.Manufacturing production slid 0.1 per cent after falling 0.1 per cent in November. U.S. factories have been hurt by weakening economies overseas and a strong dollar that makes American-made products more expensive in foreign markets.The Commerce Department reported last week that orders to U.S. factories dropped in November for the third time in four months. The Institute for Supply Management reported that U.S. manufacturing contracted last month at the fastest pace in more than six years; it fell in November too.American factories added just 30,000 jobs last year — the fewest since 2009. But overall employers added a solid 221,000 jobs a month last year and 284,000 a month from October through December. In this photo taken Monday, Dec. 7, 2015, the second Boeing 737 MAX airplane being built is shown on the assembly line in Renton, Wash. U.S. industrial production dropped for the third straight month in December 2015, as utilities reduced output amid unusually warm weather and energy companies cut back in the face of falling oil prices. Industrial production, which includes manufacturing, mining and utilities, contracted 0.4 percent after retreating a revised 0.9 percent the previous month, the Federal Reserve reported Friday, Jan. 15, 2016. (AP Photo/Ted S. Warren) by Ap Economics Writer, The Associated Press Posted Jan 15, 2016 7:28 am MDT Last Updated Jan 15, 2016 at 11:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US industrial production declined again in December read more