Posts Tagged ‘black’
Clasford Stirling Philip Freelon – Black Enterprise Business Report Interview
Wednesday, March 10th, 2010
Show #30 – Black Enterprise Business Report, hosted by Shon Gables, interviewed Philip G. Freelon, FAIA, founder of The Freelon Group Architects in Research Triangle Park, NC.
Black Enterprise Business Report is a syndicated television series that focuses on African American financial and personal empowerment.
The weekly, half-hour series provides minority business coverage, investment tips, career guidance, personal finance advice, entrepreneur profiles, stock market updates, and lifestyle information to viewers across the country.
Duration : 0:7:53
Problems Faced By African American Businesses
Friday, February 5th, 2010
It would only be fair to invite bids from black-owned businesses. However, the fact remains that although African-Americans represent 13.4% of the total US populace, only 5% of businesses are owned by them and they account for hardly 0.5% of the total business in financial terms. These figures become even more offensive keeping in view that other minorities in the US do not suffer as much. For example, Hispanic-Americans, accounting for 11.9% of the US’s total population, own as much as 7% of businesses. Asians too, who account for 4.5% of the total US’s population also own 4.5% of the businesses.
African-Americans face more challenges and fewer opportunities than any other ethnic groups in this country. Therefore, as long as more American businesses do not come forward to buy from black-owned business and embrace a greater degree of supplier diversity, African-American entrepreneurs will continue to face the same dim future in the American business sector.
Another interesting characteristic of the American business sector happens to be the failure of black-owned businesses in their first four years of business. This trend amounts to almost 20% more in comparison to white-owned businesses. Black-owned businesses also get lesser capital help as compared to white-owned businesses and are almost four times more vulnerable to credit denial. In addition to this, there is no such possibility for the African-Americans to benefit from multigenerational families, other business and social tie-ups that often result in corporate partnerships in the US.
In corporations, one frequently discussed topic is supplier diversity, but it is seldom achieved. The federal government has also announced a mandate for the federal agencies to do business worth 8% with disadvantaged and other minority-owned businesses, including black-owned businesses. This was done way back in 1978.
This created an active outbreak within the government, followed by other repercussions obvious in the rest of the corporate world. Many companies readily adopted the supplier diversity program, but often remained restricted in staffing. Naturally, the black-owned companies remained fewer in number and smaller (92% of all the black-owned companies have no employees), thereby receiving a disproportionate share of the business pie.
This triggered a general tendency of black-owned vendors not receiving enough supply roles within the corporate field, especially when it comes to professional services, frequently based beyond traditional procurement processes. Another sad end of the story remains the bias against African-Americans as being labeled as corporate incompetence. Most corporate organizations are also of the belief that practicing supplier diversity will stretch the company investment. However, statistical data prove quite the opposite and companies that have embraced the program, have been known to have gained more returns on their investment.
This problem needs to be addressed at a practical level or lesser number of black-owned business enterprises would mean fewer job opportunities for these minorities in the US, further lessening hope for the multicultural utopia.
Duration : 0:0:34
“Black Enterprise” Hosts African-American Energy Forum
Thursday, January 14th, 2010
Today in Washington, Black Enterprise magazine hosted an energy forum, hoping to bring Black-owned businesses – the country’s fastest-growing minority business group – to EPA and its energy funding. Clean Skies News brings you coverage of the discussion and just what this demographic can do to get in on the energy revolution.
Duration : 0:3:39
Glenn Beck- Obama Ignoring Black Community, Businesses
Sunday, December 13th, 2009
Aired 12.9.09 (Clip 3)- Glenn talks with Harry Alford of the National Black Chamber of Commerce about how Obama doesn’t seem to concerned with helping black/minority owned businesses.
Videos Owned By Fox News Channel
Duration : 0:6:19
Focus On Diversity: Black Entrepreneurs in Wisconsin, part 2
Friday, November 13th, 2009
On this segment from “Focus On Diversity with Troy Shaw,” we focus on minority owned businesses in Wisconsin, and the state policies that affect them. Guests include Adonica Randall, President and CEO of Connection Strategies Enterprises, Inc., and Eric Sydnor, President and CEO of World Environmental, Inc.
Duration : 0:7:8
Problems Faced By African American Businesses
Saturday, November 7th, 2009
It would only be fair to invite bids from black-owned businesses. However, the fact remains that although African-Americans represent 13.4% of the total US populace, only 5% of businesses are owned by them and they account for hardly 0.5% of the total business in financial terms. These figures become even more offensive keeping in view that other minorities in the US do not suffer as much. For example, Hispanic-Americans, accounting for 11.9% of the US’s total population, own as much as 7% of businesses. Asians too, who account for 4.5% of the total US’s population also own 4.5% of the businesses.
African-Americans face more challenges and fewer opportunities than any other ethnic groups in this country. Therefore, as long as more American businesses do not come forward to buy from black-owned business and embrace a greater degree of supplier diversity, African-American entrepreneurs will continue to face the same dim future in the American business sector.
Another interesting characteristic of the American business sector happens to be the failure of black-owned businesses in their first four years of business. This trend amounts to almost 20% more in comparison to white-owned businesses. Black-owned businesses also get lesser capital help as compared to white-owned businesses and are almost four times more vulnerable to credit denial. In addition to this, there is no such possibility for the African-Americans to benefit from multigenerational families, other business and social tie-ups that often result in corporate partnerships in the US.
In corporations, one frequently discussed topic is supplier diversity, but it is seldom achieved. The federal government has also announced a mandate for the federal agencies to do business worth 8% with disadvantaged and other minority-owned businesses, including black-owned businesses. This was done way back in 1978.
This created an active outbreak within the government, followed by other repercussions obvious in the rest of the corporate world. Many companies readily adopted the supplier diversity program, but often remained restricted in staffing. Naturally, the black-owned companies remained fewer in number and smaller (92% of all the black-owned companies have no employees), thereby receiving a disproportionate share of the business pie.
This triggered a general tendency of black-owned vendors not receiving enough supply roles within the corporate field, especially when it comes to professional services, frequently based beyond traditional procurement processes. Another sad end of the story remains the bias against African-Americans as being labeled as corporate incompetence. Most corporate organizations are also of the belief that practicing supplier diversity will stretch the company investment. However, statistical data prove quite the opposite and companies that have embraced the program, have been known to have gained more returns on their investment.
This problem needs to be addressed at a practical level or lesser number of black-owned business enterprises would mean fewer job opportunities for these minorities in the US, further lessening hope for the multicultural utopia.
Duration : 0:0:34
Minority Business
Saturday, November 7th, 2009
I own a small business in San Diego and can relate to some of the questions and answers related to lundyncanada’s post
Duration : 0:2:12
Focus On Diversity: Black Entrepreneurs in Wisconsin, part 1
Monday, November 2nd, 2009
On this segment from “Focus On Diversity with Troy Shaw,” we focus on minority owned businesses in Wisconsin, and the state policies that affect them. Guests include Adonica Randall, President and CEO of Connection Strategies Enterprises, Inc., and Eric Sydnor, President and CEO of World Environmental, Inc.
Duration : 0:9:12
Thomas Jones Jr. Discussing Goals, Objectives For Task Force
Thursday, October 22nd, 2009
In this video Aubrey R. Taylor the president and CEO of Aubrey R. Taylor Communications and the creator of the People Doing Business concept interviews Thomas Jones Jr. the Chair of the Greater Houston Partnership Minority Task Force. Jones is a founding partner in Texas’ largest African-American owned accounting and consulting practices, and has first hand experience in growing a minority-owned business in Houston. As a leader of this special task force, Jones plans to apply his experience in spearheading several major initiatives, including increasing the visibility of Houston’s diversity to international businesses. Known as a world-class city with a pro-business culture, Houston’s global possibilities are significant to the growth of minority-owned businesses. The many dynamic business opportunities available in this region will help to achieve Jones’ goals for the task force. The principle objective of the Greater Houston Partnership, which traces its roots back to Houston’s original Chamber of Commerce founded in 1840, is to build regional economic prosperity. The Partnership facilities relocations and expansions in the Houston area; international outreach initiatives such as business development missions outside the U.S. and receiving foreign trade delegations; and strategic planning. McConnell Jones Lanier & Murphy LLP is located in Houston’s Galleria area at The Lakes on Post Oak 3040 Post Oak Suite 1600, Houston, Texas 77056.
Duration : 0:7:20