West Virginia and Massachusetts Woman-Owned Firms Take Top Honors in Federal Contracting

8(a) Graduate Firm of the Year; Industry Leaders also to be honored during National Small Business Week

Washington, Sept. 17, 2020 (GLOBE NEWSWIRE) — The U.S. Small Business Administration announced two women-owned firms will receive awards honoring their work in federal contracting.  

  • Action Facilities Management, Inc. (AFM), an 8(a)-certified commercial facilities management firm specializing in infrastructure and security support services from Morgantown, West Virginia;  and

  • Specialty Materials Inc. (SMI), a firm specializing in composite fiber and prepreg products that support the aerospace industry from Lowell, Massachusetts, has been named the National Subcontractor of the Year. 

These two women-owned small businesses were selected from among a strong field of candidates submitted by SBA’s ten regional offices.  

Small Business Prime Contractor of the Year:  

Diana Lewis Jackson, President, and CEO, Action Facilities Management, Inc. (AFM)
Morgantown, West Virginia

Diana Lewis Jackson is President and CEO of Action Facilities Management, Inc.

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APSSDC inks MOU with 3 firms on skill development

Tadepalli: Andhra Pradesh State Skill Development Corporation (APSSDC) has signed a Memorandum of Understanding (MoU) with Tech Mahindra Foundation, Biocon Academy and Schneider Electric to provide skills to the youth in the upcoming 30 skill development colleges throughout the State.

APSSDC chairman Challa Madhusudan Reddy and CEO and managing director of APSSDC Dr Srikanth Arja in the presence of Minister for Industry Mekapati Gautam Reddy signed the MoU with Rakesh Sony, CEO of Tech Mahindra Foundation, Bindu Ajit, Programme Dean of Biocon Academy and Saikrishna Rao, head of Schneider Electric Education at the APSSDC office here on Wednesday.

Minister Gautam Reddy said that Chief Minister YS Jagan Mohan Reddy focused on skill development in the larger interest of students who could not secure jobs even after becoming graduates in engineering. He said that he was happy that the three firms came forward to take part in the massive programme

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CANADA FX DEBT-Canadian dollar firms as jobs gain supports ‘recovery story’

* Canadian dollar rises 0.2% against the greenback * Canada added 245,800 jobs in August * Price of U.S. oil decreases 0.5% * Canadian bond yields rise across a steeper curve TORONTO, Sept 4 (Reuters) – The Canadian dollar edged higher against its broadly stronger U.S. counterpart on Friday as domestic jobs data added to evidence of economic recovery, with the currency clawing back some of its prior day’s sharp decline. The loonie was trading 0.2% higher at 1.3104 to the greenback, or 76.31 U.S. cents. The currency, which on Tuesday notched a near eight-month high at 1.2990, traded in a range of 1.3077 to 1.3140. For the week, the loonie was on track to dip 0.1% after posting on Thursday its biggest decline in over two months. Canada added 245,800 jobs in August, most of them full-time, and the unemployment rate fell to 10.2% as the economy continued to

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U.S. Firms Add Fewer Jobs Than Forecast in August, ADP Data Show

(Bloomberg) — U.S. companies added fewer jobs than expected in August, suggesting the labor market rebound remains gradual, with employment well below pre-pandemic levels.

Businesses’ payrolls increased by 428,000 after an upwardly revised 212,000 in July, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for a 1 million gain for the latest month.

The latest data suggest companies continue to hire at a more moderate pace than immediately following the lifting of business lockdowns months ago. Amid widespread joblessness, it will take sustained demand growth to rebuild the labor market to what it was before the pandemic.

Yet, headwinds remain. The Paycheck Protection Program, which helped support employment in recent months, expired in August, and lawmakers have yet to pass an another comprehensive stimulus package. Meanwhile, companies continue to announce layoffs almost six months after the Covid-19 shutdowns.

Stock-index futures

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