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Updated: 2:09 PM Jul 13, 2009
Small Business Bailout Reaction
Staunton, Va. One small business in the Valley is reacting to the idea of getting stimulus bailout money. Posted: 8:18 AM Jul 12, 2009Reporter: Sarah Sager Email Address: Sarah.Sager@WHSV.com |
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4 Comments
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It's sad to see these small businesses not do very well, but maybe it's because they're not taking advantage of social media marketing like they should. It's cost-effective marketing, especially these days, and could really help them out and cut some costs given the state of the economy. Putting up a fun video on YouTube, Vimeo, and AdWido, for example, can easily generate interest among customers and potential customers for little or no money. Why not? Good luck to them.
The company has been unable to raise money in financial markets all year and had pleaded with the Federal Deposit Insurance Corp. to approve its application for a guarantee on its debt offerings like the government provided to most banks during the credit crisis. But the FDIC, worried about the company's junk credit ratings and exposing taxpayers to the risk of an impending bankruptcy, refused to budge. bill shor
If the immediate reaction to the recently approved bailout plan from Washington is any indication, financial markets are far from reassured about where the global economy is headed. Financial institutions everywhere are tightening up credit to the point that small business and regular folks have to seriously reconsider budgets and next year's expenditures.
this article seems like a waste. only ONE business was picked and the story is lacking information about how the stimulus money can help. more effort should have been put into getting the info out about how to get stimulus help, who can get it, and things like that