Black Business Hiring can Reduce Black Unemployment
To reduce the high rate of black unemployment the government should provide more support to black-owned businesses because two out of every three workers employed in those businesses are black.
Gazelle Index Survey
Black and Latino Businesses can Help Close the Racial Employment Gap
Black unemployment is 14.1% and Latino unemployment is 10.7%. One way the government can help reduce unemployment among blacks and Latinos is by promoting business development among the groups.
Black, Latino and Asian-Owned Small Business Capacity
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.
FED’s Gloomy Outlook may Rekindle Pessimism
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.
Latino, Black and Asian Firm Capacity & Mentor Protégé Programs
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.
American Indian/Native American Small Businesses: A Profile
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.
Asian-Owned Small Businesses: A Profile of Government Contractors
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.
The Job Creating Power of the Black Dollar
Blacks spend just 6 cents of every dollar with black-owned businesses. By increasing this to12 cents, 1/2 million more black jobs might be created and the unemployment rate might decrease to 10.4%.
The FED is Wrong; Employment Growth will be Sustained in 2012
The economy is growing at 3%, and the unemployment rate is 8.3%. The FED vows to keep interest rates fixed through 2014 and expects the improvement to be short lived. The Gazelle Index believes growth and employment will be sustained through 2012.
Black-owned Businesses: A Profile of High Performers
The revenue of Black businesses in the Gazelle Index national survey is $1.7 million. The businesses employed 21 workers on average. These firms are high performers and they have a unique quality in common- they plan and they set high growth targets.