Tuesday, February 19, 2013

Small businesses dependent on military could also feel effects of cuts

WVEC.com

Posted on February 19, 2013 at 8:26 AM

Updated today at 8:28 AM

NORFOLK -- Sequestration could impact more than military families and shipyard workers.

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Small businesses that rely on the military for income could also take a hit.

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Rodney McKeithan is concerned that his barber shop, Custom Kutz, near Naval Station Norfolk could see a decline in business due to sequestration.

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McKeithan bought the shop a couple years ago knowing that he would get a great deal of business from military personnel and civilians who work at the base.

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"Any types of cuts down here being that we serve the majority anybody that comes down to the base it's definitely going to be felt, extremely," said McKeithan.

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Governor McDonnell is urging immediate action to prevent looming cuts in federal defense spending.

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The governor says Northern Virginia and Hampton Roads are at the greatest risk if the cuts are implemented, and could force Virginia and other states into a recession.

Source: http://www.wvec.com/news/local/Small-businesses-dependent-on-military-could-also-feel-effects-of-cuts-191802521.html

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