The American population has become increasingly diverse, but diversity within the small business sector is occurring even faster pace. Today, minority-owned businesses make up 21% of the nation’s small businesses.
There were 7264 black-owned businesses register with the federal government. Businesses in Internet publishing and telecom industries accounted for 31.4% ($502.2 million) to total awards.
Native American/American Indian feeral government contractors are most successful in construction industries, where of their businesses are 49.5% are concentrated.
Some of the presidential election rhetoric regarding China may sound good, but it overlooks the simple fact that China holds more than one third of all US debt. Absent Chinese investments in the US, there could be no QE3.
Black, Latino, Asian and Native American businesses that operate in Internet publishing and broadcasting and telecommunications outperform minority businesses in almost all other industries.
During the second Presidential debate both candidates will talk about small businesses, but they should understand that the desires of businesses owned by African Americans Latinos, whites and women are not the same.
The International Monetary Fund has sounded the global recession alarm today. However, recent US economic indicators are more positive than they have been in months.
Analysts appeared perplexed when explaining the sudden drop in unemployment – given that only 114,000 new jobs were created. We explain why this occurred.
Forget the conspiracy theories, the September unemployment report was such a surprise because most analysts had failed to see the underlying strength in the economy in the past.
The Gazelle Index staff has three important questions for the Presidential debate it would like for the candidates to address. These questions reflect the perspectives of minority businesses and the interests of the minority community.