Kamau's Business Blog Page - The World's 1st Black and Minority Business Blog!
Wednesday, May 05, 2004
NATIONAL BUSINESS PLAN COMPETITION FOR NON-PROFITS
Originally reported by Bruce RushClosing Date: At the conclusion of the 2nd National Business Plan Competition on May 14, 2004, the 3rd National Business Plan Competition begins. The dead-line for submission is July 16, 2004.
Amount: Four grand-prize winners will be awarded seed capital to launch or grow their ventures. Each will receive $100,000 and many days of technical business planning consultations to assist their organizations to move their ventures forward.
Four runners-up will each receive $25,000 in seed capital as well as technical business assistance. Additional awards may be given out pending additional funding from new sponsors.
SUMMARY: The Yale School of Management, The Goldman Sachs Foundation, and The Pew Charitable trusts have joined together to form The Partnership on Nonprofit Ventures. As its signature event, The Partnership runs the National Business Plan Competition for Nonprofit Organizations, open to non-profits seeking to start or expand successful profit-making ventures with substantial cash prizes and technical assistance offered to the winners.
For detailed information go to: http://ventures.yale.edu/aboutcompetition.asp
Tuesday, May 04, 2004
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Subject: Nat'l Foundation for Teaching Entrepreneurship Summer Camp for Students
The National Foundation for Teaching Entrepreneurship (NFTE pronounced "Nifty") is offering a summer business camp to students in the New York City Metropolitan Area, ages 13-18. ( http://www.nfte.com )BizCamp is a FREE two-week intensive summer program designed to teach entrepreneurship education to young people, provide students with a solid business background and enable them to become economically productive members of society by improving their academic, business, technology and life skills. At the end of the program, students will compete for cash awards to fund their businesses. Lunch and MetroCards will be provided, free of charge, to all participating students.
The camp is sponsored by The Goldman Sachs Foundation and hosted by New York University from August 2-13, 2004. Attached is a copy of the application (Application deadline: May 28, 2004).
Communication is essential...spread the word! There can never be "too many" Black Entrepreneurs on the scene!
Monday, May 03, 2004
"The State of Black America 2004 Report"
---“State of Black America” 2004 Report---How much closer is America to achieving equality between Blacks and Whites since the civil rights movement? Not close enough, and Black progress is precarious at best according to a report released by the National Urban League, “The State of Black America 2004.” The League unveiled its first “Equality Index” a statistical measurement of the disparities that exist between Blacks and Whites in economics, housing, education, health, social justice and civic engagement. The report finds that despite substantial progress, the status of African Americans is 73%, when compared to their White counterparts. “African-American progress has been precarious since the civil rights era,” said Marc H. Morial, President and CEO of the National Urban League. “While there have been increases in business formation, homeownership and educational attainment, equality gaps remain between Blacks and Whites, particularly in the area of economics. As our nation becomes more racially diverse, we must work together to close these disparities. This is crucial if America is to maintain its position as an economic power and world leader.”
Highlights of the Equality Index Findings in five areas include:
1. Economics – Black economic status measures 56% of White counterparts
Fewer than 50% of Black families own their own homes, vs. over 70% of Whites. Blacks are denied mortgages and home improvement loans at twice the rate of Whites. The mean income of Black males is 70% of White males ($16,876 gap). The mean income of Black females is 83% of White counterparts ($6,370 difference).
2. Education - Total educational performance is 76% as compared to Whites
Teachers with less than three years experience teach in minority schools at twice the rate that they teach in White schools. Some 49% of Black students’ teachers lack a college minor in the subject they taught vs. 40% of white students’ teachers. Blacks attain college degrees at 63% of White counterparts.
3. Health - Blacks’ health status measures 78% of Whites
On average, Blacks are twice as likely to die from disease, accident, behavior and homicide at every stage of life than Whites. Life expectancy for Blacks is 72 years vs. 78 years for whites.
4. Social Justice – When it comes to equality under the law, Blacks’ status is 73%
A Black person’s average jail sentence is six months longer than a white’s for the same crime; that is 39 months versus 33 months. Blacks who are arrested are three times more likely to be imprisoned than Whites. Black felons are less likely to get probation than White felons for the same offense.
5. Civic Engagement – Blacks out measure Whites in the area of civic engagement (voter registration, volunteerism, government service at 1.08)
Blacks out measure Whites in terms of government service and union membership. Military volunteerism is 1.45, indicating substantially more Blacks volunteer in the military.
Damita J. Barbee to lead Urban Financial Service Coalition
Damita J. Barbee, Vice President, Senior Sales & Product Manager for The Mechanics Bank of Hercules, CA., begins a two-year term as President of the Urban Financial Service Coalition (UFSC). Urban Financial Services Coalition (formerly known as the National Association of Urban Bankers), a nonprofit organization, is the oldest and preeminent professional trade association for minority professionals employed in the financial services industry. Headquartered in Washington, D.C., the UFSC is comprised of 38 chapters nationwide and in Toronto, Canada. The organization's primary focus is to increase the number of minority professionals in the financial services industry, in particular senior management positions; to provide financial literacy to under-served communities and assist with economic empowerment development programs; and, to provide scholarships to deserving minority college-bound students pursuing careers in the financial services industry.Ms. Barbee's goals include increasing the overall membership by 20%; develop new corporate partnerships with traditional and non-traditional companies; promote their nationwide financial literacy program and to officially launch the student chapter concept nationwide. If you would like contact information for Damita J. Barbee, send an email to info@unityfirst.com.
