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Press Room February 2012
The month-long celebration of Dominican Heritage in February got off to a distinctly female start this past Wed., Feb. 1st at Eugenia María de Hostos Community College in the Bronx.
Dominican and Dominican-American women from various fields of government, finance, and business, arrived in the early morning at Hostos’s campus to share information on resources available to small business owners.
It was a meeting of the minds in a forum entitled “A Small Business Seminar with Distinguished Dominican Women in Government,” which also offered more than its fair share of personal tales of immigrant families.
Minority-owned businesses were largely concentrated in California, Texas, Florida and New York, representing 55 percent of all minority-owned businesses in the United States. Among the top four states, Texas and Florida gained a larger concentration of minority-owned businesses, from 12 percent in 2002 to 13 percent in 2007, and from 10 percent in 2002 to 12 percent in 2007, respectively.
Commerce Secretary John Bryson Meets with the National Advisory Council on Minority Business Enterprise
Data from the Department of Commerce reveal that minority-owned firms are an engine of job growth and are more likely to export than non-minority-owned firms. These firms account for $1 trillion in gross receipts and employ almost six million Americans. To bolster the economic impact of minority entrepreneurs across the county, the National Advisory Council on Minority Business Enterprise (NACMBE) was established in April 2010.
The U.S. Small Business Administration kicked off its 2012 e200/Emerging Leaders executive-level training initiative in 27 cities and communities. Since 2008 the e200/Emerging Leaders initiative has helped nearly 1,000 promising small business owners in underserved communities across the country sustain and grow their businesses, providing training they use to succeed and create jobs.
“Over the last few years Emerging Leaders has helped expand opportunities for many promising small businesses in underserved communities – in particular those that have been most impacted by these tough economic times,” SBA Administrator Karen Mills said. “Graduates of the program have increased their revenue, created jobs and helped drive local economic growth in their communities. Continuing with this year’s lineup of new classes builds on this success and provides even more entrepreneurs in underserved communities with the support, resources and skills to succeed.”