Sunday, June 14, 2026 7:30 AM EDT

Contractor News

Jobless claims fall to lowest level since mid-MayJobless claims stay low in latest weekConsumer credit growth soars in DecemberU.S. productivity slows down in fourth quarter while unit labor costs accelerateBeyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & BeyondTrump asks Supreme Court to pause TikTok banAmazon says it had best-ever Thanksgiving Holiday week with record sales and number of items soldU.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrineCharter Communications announces buyout deal for Liberty Broadband at terms above its previous proposalGeneral Motors unveils new all-electric Cadillac called the Vistiq with 300-mile rangeVestas Wind Systems stock slumps as company says margins to be at low end of guidanceBurberry shares rise on report Moncler could bid for itKazatomprom reports 17% increase in production during the third quarterAnheuser-Busch InBev shares slip as sales come up shy of estimatesWingstop’s stock slides 12% after profit falls short of estimatesNovartis hikes sales and profit guidance for the yearPlus500 says it will meet expectations after quarterly revenue climbs 11%Trainline boosts guidance for the second time this yearBarclays reports 18% profit rise as it lifts income guidanceLondon Stock Exchange Group says income grew, led by TradewebNobel economics prize awarded to three who studied wealth of nationsNobel Peace Prize awarded to Japanese atomic bomb survivorsDirecTV to acquire EchoStar’s video distribution business including Dish TV and Sling TVMoody’s places all of Boeing’s ratings on review for a downgradeMicrosoft to lay off 650 people from videogame business: WSJArcBest misses profit expectations, as soft rate environment weighed on revenueAlibaba stock climbs on report of vendor service fee increaseEuropean stocks open lower after weak Wall Street finish, computer outagesWholesale inventories in U.S. rise 0.1% in AprilHibbett shares fall as Q1 sales miss analysts’ estimate
Tennessee’s DBE Program Sets New Spending Record

Tennessee’s DBE Program Sets New Spending Record

Source : ContractorNews.com

December 31, 2020

Author : Kristy Casanova

Tennessee’s Governor's Office of Diversity and Enterprise (Go-DBE) has revealed that the state has set a record by spending $739 million with small businesses and businesses owned by women, minorities, service-disabled veterans and persons with disabilities. 

The “Go-DBE” was created in 2003 with the intention to expanding economic opportunities for small businesses and to promote diversity in the economic arena. Since then, the program has expanded to include opportunities for service-disabled owned enterprises and businesses owned by persons with disabilities. 

"Small businesses are the backbone of our economy, and our state is committed to supporting them—especially those owned by minorities, women, individuals with disabilities, and service-disabled veterans,” said Governor Bill Lee.  “In a year where COVID-19 has created an uphill battle for many of our small businesses, we are proud that the state of Tennessee has been able to increase its work with diversity-owned businesses.”

Although this year has been exceptionally tough for small businesses, due to COVID-19, they managed to succeed and the State of Tennessee played a large role.

For more see: https://www.tn.gov/generalservices/about-dgs/newsroom1/2020/12/28/state-sets-record-for-spend-with-diversity-businesses.html

Category : Disadvantaged Business Enterprises State Government

Related Update