President Obama is renewing and expanding a policy that will let the government pay its contractors faster. Contractors will get to pay their subcontractors faster, too. The White House says QuickPay has generated more than a billion dollars for small businesses, freeing up their capital to invest and hire employees. For how this is playing out at the ground level, Tom Temin and Emily Kopp spoke with Necole Parker, principal and CEO of the Elocen Group, on the Federal Drive. She described how QuickPay has benefited her company.
Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.