More than a century after its passage, an act of legislation with the potential to transform the federal government’s purchasing practices in Indian Country finally has the force of law.
Five years ago, on February 17, 2009, less than a month into his first term, President Obama signed into law the American Recovery and Reinvestment Act of 2009. At the time, the country was experiencing the worst economic crisis since the Great Depression. Private employers had already cut almost 4 million jobs, trillions in dollars in household wealth had been wiped out, and the economy’s total output was in the midst of its sharpest downturn of the postwar era.
During President Barack Obama’s Weekly Address, he expressed that, “Latin America represents an incredible opportunity for the United States, especially when it comes to my top priority as President: creating good, middle-class jobs… Right now, over 40 percent of our exports go to the Americas.”
As part of the Obama administration’s continued work to promote exports and strengthen the U.S. economy, U.S. Secretary of Commerce Penny Pritzker unveiled "Look South,” a new initiative aimed specifically at increasing U.S. trade with Latin American economies with whom the U.S. has free trade agreements (FTA).
Michael Pearson started Union Packaging at the encouragement of his father who migrated north from the south, after World War II. Pearson created Union Packaging with the primary goal of bringing jobs and greater opportunity to the greater Philadelphia region.
Drawing on his experience as a previous Fortune 500 company director, Pearson identified a specific niche in the food packaging market—FDA control packaging. He was able to successfully create a unique path for Union Packaging in the quick service restaurant market by using the connections he made through his former position. Some of his customers include Burger King, Wendy’s and Whole Foods.
Nominations are now being accepted for the 2014 National Minority Enterprise Development (MED) Week Awards competition.
Don’t miss this chance to recognize the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing minority business enterprise.