PG&E Signs On To White House Initiative On Small Business Supplier - Quick Facts

(RTTNews) - Pacific Gas and Electric Company, a subsidiary of PG&E Corp. (PCG), said that it signed on to a new White House effort known as the Small Business Supplier Financing Initiative.

The company has pledged to help small business suppliers grow by taking active steps to speed up payments for goods and services and promote better access to financing.

President Barack Obama announced the initiative this morning at a White House meeting which included PG&E Senior Vice President and Chief Customer Officer Helen Burt.

In a separate press release, Salesforce.com (CRM) said it welcomed the White House's commitment to strengthening small businesses by increasing access to capital. It is very pleased to be joining the SupplierPay initiative.

"Salesforce.com applauds the White House's commitment to strengthening small businesses by increasing access to capital," said Burke Norton, chief legal officer, salesforce.com. "We're very pleased to be joining the SupplierPay initiative today."