Entries in Business Owners (2)


Senior Administration Officials Warn Business Leaders About Boehner’s Fiscal Cliff "Plan B"

Hemera/Thinkstock(WASHINGTON) -- Senior Obama administration officials met with business leaders to argue that House Speaker John Boehner’s “Plan B” could put the nation on a path to go over the fiscal cliff, a source familiar with the meeting told ABC News Wednesday afternoon.

The effort is just the latest example of the Obama administration trying to urge the Republican Party’s supporters in the business community to urge Tea Party supporters to be more willing to compromise with Democrats.

The Obama administration officials present were chief of staff Jack Lew, senior adviser Valerie Jarrett, Treasury Secretary Tim Geithner, Director of the National Economic Council Gene Sperling, and Office of Management and Budget director Jeff Zients.

The business leaders present were Tom Donohue of the U.S. Chamber of Commerce; former Michigan Gov. John Engler of the Business Roundtable; former Minnesota Gov. Tim Pawlenty of the Financial Services Roundtable; Rob Nichols of the Financial Services Forum; Marion Blakey of the Aerospace Industries Association; Lockheed Martin Chairman and CEO Bob Stevens; president and CEO of the National Association of Manufacturers Jay Timmons; and Dan Danner of the National Federation of Independent Businesses.

Copyright 2012 ABC News Radio


VA Gov. Candidate McAuliffe Explains Building Plants in Mississippi

Chris Maddaloni/CQ-Roll Call(RICHMOND, Va.) -- Virginia gubernatorial candidate Terry McAuliffe created American jobs with his recently acquired electric car company -- just not in Virginia.

After he was asked about it at a campaign event this week, the exchange raised questions over how voters will react. The Democratic candidate said it’s the state’s fault for not pursuing manufacturing businesses like his own, recommending more aggressive tax incentives. As he cast it, McAuliffe’s own company is a case study in Virginia’s economic policy.

McAuliffe’s firm GreenTech opened a plant in Horn Lake, Miss., in July and plans to open another in Tunica, Miss., next year to build electric cars, after purchasing Hong Kong-based EuAuto Technology (and the MyCar low-speed, electric car it manufactured) in 2010.

Now, running for governor of Virginia as a “Virginia businessman fighting for Democratic causes and creating jobs,” McAuliffe was asked why he didn’t open those plants in Virginia, reported NBC in Richmond, Va. His answer: that the Virginia Economic Development Partnership (VEDP) wasn’t interested in offering incentives.

“Well, we wanted to. I mean, it was their decision,” McAuliffe said of VEDP. “They decided they didn’t want to bid on it. That’s their choice. Other states, I think Alabama, South Carolina, Mississippi, have a very aggressive [incentive program] to bring manufacturing in.

“Obviously, Virginia was my first choice,” McAuliffe said. “We had sites, we had meetings and they chose that they weren’t going to bid on it. I have to go where, obviously, they’re gonna put incentives. … Not the big three car companies, but all the others in the world, they’ve gone to all of our southern neighbors.”

VEDP said that’s not the case.

“We did not receive enough information to respond to GreenTech’s business proposal that was received in 2009,” VEDP Communications Manager Suzane West told NBC12 reporter Ryan Nobles. VEDP declined to elaborate any specifics to ABC News.

“Unfortunately, the VEDP made clear that they were not interested in pursuing this economic development project,” McAuliffe campaign spokesman Brennan Bilberry told ABC News, when asked for comment. “The main reason Terry is running for governor is to make it easier for companies to create jobs right here in Virginia and he has the business background to make it happen. Terry knows an important part of ensuring Virginia’s economic prosperity is to attract the growing and innovative companies of the 21st century.”

Copyright 2012 ABC News Radio

ABC News Radio