To build greater capacity firms must reach reach Stage III growth. Only 14% of the non-minority-owned firms have done so, 12% of Asians, 11% of Latinos and just 6% of black businesses.
More needs to be done but the Gazelle Index applauds South Africa for its MDG achievements and continuing struggle to reduce poverty, infectious diseases, unemployment and gender inequality.
India is the world’s largest democracy. In 1981, only 19.7% of women were in the labor market. Today, women in India are responsible for 81% of the total time spent on housework and care and 36% of the total time spent in market activities.
The Federal Reserve is walking on thin ice. In talking down the economic recovery to rationalize low rates, it may be dampening investor and consumer confidence.
Two major challenges that are facing minority businesses are building greater capacity and improving management efficiency. Corporate mentor protege programs can assist in this regard.
The US Economy is now recovering at a normal rate. As inflation fears rise, the Federal Reserve Bank will have to reconsider its pledge to keep interest rates fixed until 2014. Indicators to look for in the future are discussed.
Firms owned by American Indian/Native Americans are .9% of US small businesses and 4.3% of registered federal contractors; 49.9% are in construction related trades.
Governments across the country are debating modifications to their small business program criteria. The likely impact of the Georgia’s proposed changes on businesses by race and ethnicity is examine.
Asian businesses are 5.7% of US small businesses and 10.3% of federal contractors. They are heavily concentrated in professional, technical industries (over 36%) and they earn $2.7 million annually.
Today’s Labor Department Jobs Report showed that the unemployment rate in February remained constant at 8.3% and 227,000 jobs added to the labor force.