Minority businesses are growing faster than are all other small business segments. But when it comes to high-performing businesses, minorities in telecom are in a league by themselves. Average revenue is much greater.
Small businesses will benefit from the big jump in consumer confidence n September. The index reached the highest level in almost a year. At the same time, auto sales, housing sales and retail sales are increasing.
The largest share of new jobs is create by small, innovative start up companies. The JOBS Act makes capital more accessible to these companies. This is is indispensable to reducing unemployment among Blacks and Latinos.
South Africa will not have reached its Millennium Development Goals by 2015, but it will be closer to achieving them than any other African Country . SA lags in infectious diseases, unemployment and poverty.
The federal government operates programs that provide preferences to economically and socially disadvantaged individuals to compensate businesses for past and present discrimination.
Firms in IT and telecom industries owned by African Americans, Latino Americans, Asian and Pacific Islanders, Subcontinent Asians and Native Americans are outperforming other firms.
The ability of small businesses to create jobs depends heavily upon corporate investment and retail expenditures. While retail expenditures have been positive, investment has stalled.
The FED undertook QE3. The policy will put more money into the economy, but unless banking practices change, very little will find its way into small business loans and the impact on hiring may be more limited.
During the economic recovery, small businesses have accounted for the majority of new jobs in the US economy. However, small businesses are able to create jobs because they are part of corporate supply chains.
This article looks at Gazelle Index surveys results that examine differences between high-growth and low growth black firms. High-growth firms are those with a 20% or greater annual employment growth.