Dollar for dollar: a discussion into small business incentives - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Dollar for dollar: a discussion into small business incentives

 MYRTLE BEACH, SC (WMBF) - From Small Business Saturday to small business sidewalk sales, the City of Myrtle Beach is pushing for incentives to grow small businesses in the city. Now, there is discussion over a year-round initiative to keep taxpayers' money within the city.

At a City Council Workshop, members discussed a small business initiative.

John Cowan has been working as the city's purchasing manager for just over six months. In that time, he has created and presented multiple incentives to council as part of an effort to connect local businesses to the City of Myrtle Beach.

The goal of the program is to enhance business opportunity for eligible small businesses; independently owned and operated, a business licensed taxpayer, 20 employees or less, with a gross of less than $1 million dollars. In addition, the business owner must complete a vendor application identifying a city location.

Part of the effort is to revise a purchasing incentive to allow dollar for dollar credit to every general contractor with a bid that includes qualified small businesses.

During the workshop this example was given of how it would work:

-General Contractor A bids $990,000 for a city construction project, does not include small business participation

- General Contractor B bids $1,000,000 for the same contract, but includes $15,000 in small business participation

-For the purpose of analyzing, the bid of $15,000 is subtracted from B's bid

-B is awarded the bid based on the comparison of A to B (with the small business credit)

This opened up a conversation between councilmemberss on each side of the argument.

Councilman Wayne Gray expressed, “I understand the trade-off, but you are still paying more for a contractor.”

The mayor responded, “But, you're giving the money back to a local business to stay in business.”

Councilman Mike Lowder joined the conversation and said, “It is still paying with taxpayer money, an additional $200,000 to give this to a local business than to someone else. I think this needs more discussion.”

The council agreed that more discussion was needed and decided to put the first reading of the ordinance on the next council agenda. 


Copyright 2014 WMBF News. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Woman says deputies lied to get a warrant, then sexually assaulted her

    Woman says deputies lied to get a warrant, then sexually assaulted her

    Monday, April 23 2018 10:50 PM EDT2018-04-24 02:50:48 GMT

    A Catawba County woman says she has been the victim of harassment from the county’s sheriff’s office, who, records show, have executed multiple search warrants at her home in less than a year.  

    More >>

    A Catawba County woman says she has been the victim of harassment from the county’s sheriff’s office, who, records show, have executed multiple search warrants at her home in less than a year.  

    More >>
  • 2 teens allegedly killed mother of 1 of the boys

    2 teens allegedly killed mother of 1 of the boys

    Tuesday, April 24 2018 8:20 AM EDT2018-04-24 12:20:50 GMT
    Tuesday, April 24 2018 8:36 AM EDT2018-04-24 12:36:45 GMT
    Kimberly Mironovas' body was found around 2 a.m. Sunday. Police said her son and another teen killed her. (Source:Kimberly Mironovas' body was found around 2 a.m. Sunday. Police said her son and another teen killed her. (Source:

    Kimberly Mironovas' body was found around 2 a.m. Sunday. Police said her son and another teen strangled her. 

    More >>

    Kimberly Mironovas' body was found around 2 a.m. Sunday. Police said her son and another teen strangled her. 

    More >>
  • For the first time, Facebook spells out what it forbids

    For the first time, Facebook spells out what it forbids

    Tuesday, April 24 2018 5:46 AM EDT2018-04-24 09:46:09 GMT
    Tuesday, April 24 2018 10:35 AM EDT2018-04-24 14:35:24 GMT
    (AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...(AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...

    For the first time, Facebook spells out how it decides whether to delete your posts.

    More >>

    For the first time, Facebook spells out how it decides whether to delete your posts.

    More >>
Powered by Frankly