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African
American Women Business Owners Seek Financing for Business.
Minority
Business Roundtable Research to Collect Data on Minority Businesses
Making
Connections: Success Strategies for Outreach to Diverse Communities.
Diversity
2000 Connects Large Companies with Small Business Suppliers.
Hot
Business Tip - Obtaining Sample Business Plans for Almost Any Industry.
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"African American
Women Business
Owners Seek Financing for Businesses"
The number of African
American women business owners with bank credit of $100,000 or more doubled
between 1998 and 2002 according to Wells Fargo's latest research collaboration
with Center for Women's Business Research. Wells Fargo, the nation's #1
lender to small businesses, sponsored the report, "African American
Women Business Owners in the United States," one segment of a multi-cultural
study to understand the unique needs of women business owners of all ethnic
groups. "The Center has shown that the number of African American
women-owned businesses increased by 17% between 1997 and 2002, more than
double the rate of all businesses," said Brenda Ross Dulan, Market
President, Los Angeles Metro Region and National Spokesperson for Wells
Fargo's African American Business Services program. The study has also
shown that:
1) African American women, more than other women business owners, anticipate
having an additional need for business financing in the coming year.
2) A much greater percentage of African American women business owners
when compared to any other ethnicity surveyed -- say they did not borrow
capital to start their firms. Nearly half of African American women business
owners say they have encountered obstacles when trying to obtain financing
for their firms, more so than women business owners of other ethnicities
surveyed.
Minority businesses are growing six times faster than non-minority. Research
from the Minority Business Development Agency of the U.S.
Department of Commerce suggests that minority businesses have little access
to capital and few chances of bidding for and winning significant contracts
from large firms. Despite these challenges, minority businesses are growing
six times faster than non-minority firms, according to the Bureau of Census.
In 1997, more than three million minority-owned businesses were identified;
84,000 of these businesses posted annual revenues in excess of $1 million
and employed more than 50 percent of their 4.5 million workforce. The
minority population is the fastest-growing segment of the nation's population,
with a buying potential projected at $1.5 trillion.
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Minority
Business Roundtable Research
to Collect Data on Minority Businesses
The
Minority Business Roundtable (MBRT), a national membership organization
for chief executive officers (CEOs) of African American, Hispanic American,
Asian American, Native American and other minority owned top-tier businesses,
announced it will undertake a research project to collect, analyze and
evaluate data on minority business growth in the United States. The
MBRT -- whose members represent a variety of trades and industries will
use the research project's data to advise government agencies on policies
that affect minority businesses. To date, no large-scale mechanism exists
to track the growth of these businesses. Utilizing data from the Small
Business Administration, the U.S. Department of Commerce, Dunn and Bradstreet
and other organizations, the MBRT will create a database of minority
businesses.
"Tavis
Smiley on PBS"
Tavis Smiley moves to PBS with new weeknight talk show. KCET/Hollywood
teams with veteran interviewer Tavis Smiley for a new national late-night
talk show on PBS. The half-hour series will premiere on Monday, January
5, 2004, and air weeknights in the PBS line-up that also includes "The
Charlie Rose Show." The "Tavis Smiley" show, taped at
KCET studios, will be the first West Coast talk show for PBS. The "Tavis
Smiley" program on PBS will feature a unique mix of news and pop
culture to combine for one thought-provoking and entertaining program.
It will be a hybrid of news, issues and entertainment, featuring interviews
with newsmakers, politicians, celebrities and real people.
Diversity
2000 Connects
Large Companies
with Small Business Suppliers
If
you are looking to supply products and services to large corporations
or public agencies surf over to Diversity 2000 and look into becoming
involved in the bidding process. This web site boasts the largest database
of companies supplying and buying products and services. The site looks
good but like anything on the net, first see if you can a referral before
buying any subscriptions. To see the site Click
Here.
"Hot Business Tip"
One of the best
general resources for sample business plans is available through the
Carnegie Library of Pittsburgh. Its Business Plan Index has an alphabetical
list of sources, mostly books, of sample business plans. To see the
Site Click
Here
After
Reading this Section please read Kamau's Business Blog to find the latest
Black business, Hispanic commerce, Minority business news. This Blog
is the first Black Business Blog on
Black - Hispanic - and minority business.
Find Out the latest News on
Black Entrepreneurs, Hispanics in Business and Minority Business,
Click Here
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