Posts

Showing posts with the label minority businesses

Obama To Close Minority Biz Dev Offices

According to Politic365, "Officials from the Commerce Department briefed members of Congress..to inform them that the Obama Administration plans to close all five regional Offices of the Minority Business Development Agency.

According to members at the briefing the reason given was cost savings. The Office of Minority Business Development has a total budget of $30 million dollars. The five regional offices are located in Atlanta, Chicago, Dallas, New York, Los Angeles and San Francisco.

The Office of Minority Business Development‘s mission is to promote competitiveness and provide access to capital and contracts to minority businesses. In 1969 Richard Nixon established the Office of Minority Business Enterprise by executive order. During the Carter Administration the name was changed to the Office of Minority Business Development.

Present at the meeting with Commerce officials were Congressional Hispanic Caucus Chair Charlie Gonzalez (D-TX), Congressional Asian Pacific American Ca…

Minority and Women-owned Company Small Business Financing Guide and Workbook, 2010 Edition

MinorityFinance.com is pleased to announce the publication of the Minority and Women-owned Company Small Business Financing Guide and Workbook, 2010 Edition.

The Guide and Workbook are designed to provide actionable information minorities and women can use to obtain small business financing. The Guide and Workbook consists of two sections: The Guide provides detailed business financing information of specific relevance to Minority and Women-owned Businesses. The Workbook is an electronic document with blank loan applications, grant forms, business planning and financial reporting templates, IRS Forms and other documents.

The Guide and Workbook will be of specific interest to those seeking to finance a new firm and/or start-up. It has special sections on financing a Day Care Center, financing a Beauty/Hair Salon, financing a Music/Film business.

Specific sections of the Workbook provide detailed information on:

How to complete a Bank Loan Application (completed sample application include…

Creative Investment issues comments for the Small Business Federal Contracting Forum

Creative Investment Research, Inc. issued comments for the Small Business Federal Contracting Forum public meeting to be held on Monday, June 28, 2010. The purpose of the meeting is to encourage public comment on small business issues.

On April 26, 2010, President Obama established an Interagency Task Force to develop proposals and recommendations for enhancing the use of small businesses in Federal contracting, including businesses owned by women, minorities, socially and economically disadvantaged individuals, and service-disabled veterans of our Armed Forces. The Memorandum establishing the Task Force is available here.

Creative Investment has long been familiar with the problems that small and minority businesses encounter when attempting to contract with the federal government. We reviewed our experiences in our comments. In addition, we noted which Federal agencies are doing the best job in their small business outreach strategies.

We noted that doing business with the Federal go…

Top Five Minority Financial Institutions for 2009

Creative Investment Research, Inc. released its listing of the top women and minority owned financial institutions (banks and thrifts). The listing, using 2009 financial, demographic, HMDA and CRA information from a database maintained by Creative Investment Research, was compiled using the firm's proprietary Fully Adjusted ReturntmIndex. The Fully Adjusted ReturntmIndex provides a full description of the economic condition and social responsiveness of a financial institution.Asian - Hawaii National Bank, Honolulu, HI. 808-528-7711; Black - Industrial Bank, Washington, DC. 202-722-2040; Hispanic - Interamerican Bank, FSB, Miami, FL. 305-223-1434; Native American - Peoples Bank, Adair, OK. 918-723-5453; Women - Central Bank of Kansas City, Kansas City, MO. 816- 483-1210; See: http://www.minoritybank.com/cirm3.htmlIf you contact any of these institutions, do us a favor....let them know you found them here!!

Looking for U.S. based Minority Business Enterprises/Entrepreneurs

VHCDC-MBE Capital Connect™ is looking for U.S. based Minority Business Enterprises/Entrepreneurs with innovative, marketable solutions within the Business Products and Services, Consumer Products and Services, E-Commerce, Energy, Entertainment/Media, Internet, Telecommunications, and Technology industries to enter the Top-MBE Business Plan Competition to win a spot to pitch their business opportunity to active angel investors, lenders, and venture capitalists. Pitching sessions will be conducted Friday, September 26th during the 2008 MBE Capital Call. Entries will be evaluated against the same criteria used by active investors to screen potential investment opportunities.

Interested parties must register to be considered. Logon to:
www.mbecapitalcall.com today to register.

James R Taylor, Director
VHCDC-MBE Capital Connect™
www.vhcdc.org
757.671.8333 VM
jtaylor@vhcdc.org