Small business prospers

This article from Hawaii describes how a small, minority owned business is prospering under DoD contracting rules. Most agencies and large contracts are required to share the work among small, disadvantaged business by Federal law and regulation. Here, Akimeka Technologies, a Hawaiian company, that provides IT services benefits from those rules. Larger companies will team with it to cross off that requirement, or they have a step-up in bidding on work due to their status. Of course they need to be able to do the work required, but many companies get a start like this due to the targeted efforts of the DoD.

For more see the article on Pacific Business News.

US defense budget spreads the wealth

These three articles illustrate how the US defense budget as it has grown over the last several years effects localities economically. This one and this one discuss how Western Pennsylvania relies on the budget to support local industry. This article about Hawaii shows the effect of the Pacific Missile Range Facility on the island of Kaua’i. Although tourism is the major economy on that island the conduct of AEGIS missile defense tests certainly adds money to the local economy. Read more