The 2012 Outlook for women-owned businesses is positive; 26.1% will increase hiring in the first quarter of 2012 while only 13.3% will decrease hiring. Women business hiring will be strongest in the South and Midwest and especially in Information Technology related industries.
Hispanic/Latino CEOs do not plan to increase hiring in 2012. They are the only group where 20% of CEO will add jobs while 18% will cut jobs. Future hiring will be strongest in retail and virtually unchanged in construction. Regionally, Hispanic/Latino firm hiring will be strongest in the South.
The Davos World Economic Forum is focused almost exclusively on euro sovereign debt and the consequences of austerity programs. Yet 1.4 billion of the world’s people live on incomes of less than $1.25 a day. The Forum should also focus on them.
The tax disclosure of Mitt Romney , showing he paid just 14% on $21 million of income, improving economic conditions and the rising approval ratings of the President are potential obstacles to the Republican’s bid for the White House.
Black CEOs plan to increase hiring significantly in 2012, more so than any other race or ethnic group; 37.4% will increase hiring vs. 15.2% who will cut jobs. Black business hiring will be strongest in the Northeast and in Information Technology.
The President’s State of the Union address should focus on how to resolve the housing crisis, make home loans more accessible, encourage corporations to pay small biz suppliers more quickly and establish a National Commission on Black Unemployment.
Women business owners are gloomy about the economy but plan to increase hiring in 2012. Their two most important strategic objectives are improving management efficiency and product and service quality.
MLK Holiday is a time to reflect on racial progress. Economic growth is picking up but black unemployment has not improved much. It is time for a National Commission on Black Unemployment.
The Small Business Administration Director is elevated to the President’s Cabinet , this is good news for Small and Minority Businesses.