Business owners plan ahead of possible cuts - WAFF-TV: News, Weather and Sports for Huntsville, AL

Business owners plan ahead of possible cuts

HUNTSVILLE, AL (WAFF) -

The idea of sequestration is weighing heavy on the minds of business owners who rely on government contracts. If no deal is met by the March 1st deadline, automatic spending cuts will kick in. That means many people who rely on work through the government will see a major loss of business. Contractors and subcontractors are already making plans ahead of those possible cuts.

Thursday morning the Small Business Alliance met at the Davidson Center. Joel Russ with Alltek Seal and Packing attended the meeting. Alltek is a company that supplies engineered parts to the military and aerospace industry. If no deal is met, military funding would be slashed, which would mean a big loss of business for Russ's company.

Russ said his company is focusing on remaining flexible if cuts happen and business declines.

"As far as the cuts go, as a company, we're preparing for them," Russ said. "We have a couple of contracts with the aerospace industry and military and we're definitely worried about those things long term."

A deal must be made by March 1st in order for spending cuts to be avoided. Most people at Wednesday's meeting do not believe lawmakers will come to an agreement by then.

Copyright 2013 WAFF. All rights reserved.

  • NewsMore>>

  • Kat: Rain chances return late this afternoon

    Kat: Rain chances return late this afternoon

    Sunday, February 18 2018 1:22 PM EST2018-02-18 18:22:48 GMT

    We will be dry for church services this morning but scattered light rain showers return to the forecast in the afternoon and evening.

    More >>

    We will be dry for church services this morning but scattered light rain showers return to the forecast in the afternoon and evening.

    More >>
  • 4 arrested in connection to a string of vehicle thefts

    4 arrested in connection to a string of vehicle thefts

    Friday, February 16 2018 4:45 PM EST2018-02-16 21:45:50 GMT
    Three adult males and one juvenile were arrested in Limestone County on Thursday after a four-hour manhunt and charged with multiple counts stemming from a string of vehicle thefts.Three adult males and one juvenile were arrested in Limestone County on Thursday after a four-hour manhunt and charged with multiple counts stemming from a string of vehicle thefts.

    A ground search ensued that lasted about four hours and covered approximately six miles, ending a few hundred yards east of Hays Mill Road where the suspects were caught in a hunting stand/shoot house.

    More >>

    A ground search ensued that lasted about four hours and covered approximately six miles, ending a few hundred yards east of Hays Mill Road where the suspects were caught in a hunting stand/shoot house.

    More >>
  • 2 juveniles arrested for making terrorist threats, Limestone Co. Sheriff reports

    2 juveniles arrested for making terrorist threats, Limestone Co. Sheriff reports

    Friday, February 16 2018 3:29 PM EST2018-02-16 20:29:54 GMT

    Just before 2 p.m. Friday, the Limestone County Sheriff's Office reported via Twitter that two juvenile students had been arrested for making terrorist threats. 

    More >>

    Just before 2 p.m. Friday, the Limestone County Sheriff's Office reported via Twitter that two juvenile students had been arrested for making terrorist threats. 

    More >>
Powered by Frankly