Minority Biz - Small Business Tips and News for Minority Owned, Black Owned, and Women Owned Businesses

Over the past five fiscal years, federal government agencies have spent approximately $5 billion in advertising, but only a minute share — $327 million — went to minority-owned businesses, according to a long-awaited report from the Government Accountability Office.

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Recently, Supervisor Mark Ridley-Thomas and the County of Los Angeles Board of Supervisors spearheaded a motion to create policy for placing classified advertisements to publicize the county’s contracting opportunities in local newspapers and weeklies.

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 Mayor Karen Weaver announced that the City of Flint, Michigan has tapped Ascendant Global Consulting (AG) to lead a comprehensive economic development effort that will aid in Flint’s recovery and position the city for long-term economic success. Last month on March 26, Flint City Council voted to approve the agreement.

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The Pacesetter program, modeled after the Minority Business Accelerator program of the Cincinnati Regional Chamber, encourages companies to commit not only to increasing their contracts with suppliers of color and participating in Chamber-sponsored matchmaking and networking events, but to measure and report their increased spending with MBEs and share best practices on economic inclusion.
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Fourteen years ago, Dawn Hendricks, 45, was ready to carve out her own path, take control of her destiny and earn a salary that mirrored her responsibilities. So she co-founded FM Talent Source, a professional services firm headquartered in Silver Spring, Md., where she now serves as president and CEO.

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At its annual business meeting held recently in Erlanger, Kentucky, Toyota Motor North America, Inc. (TMNA) discussed goals and objectives with direct and indirect suppliers in preparation for the new fiscal year.  As customary at these meetings, Toyota, the world’s largest auto maker, honored suppliers who have exceeded the company’s expe...

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Five cities have received grants totaling a half-million dollars via a national program to help black- and women-owned firms land more contracts with local governments. (Image: iStock/monkeybusinessimages)  As part of an expanded City Accelerator program, Charlotte, Chicago, Memphis, Milwaukee, and Los Angeles will each get $100,000 to boost...

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The Los Angeles County Metropolitan Transportation Authority (Metro) was recently awarded a contract for $90.8 million to Kal Krishnan Consulting Services/Triunity Engineering & Management Joint Venture for program management support services. The post Metro Board Awards Largest Contract Ever to Small, Minority-Owned Businesses appeared...

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In 2012, the U.S. Census Bureau reported that there were 8 million minority-owned businesses in the U.S. That’s a huge number of business owners looking for opportunities to achieve the American dream and make it as a successful entrepreneur.If you own one of those businesses, becoming certified as a minority-owned...

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After researching the nation’s oil and gas industry, Moses Shepherd unearthed some compelling information: There are a scant number of minority suppliers operating in the $47 billion market. Hoping to seize upon a vast opportunity to compete in a business without many such rivals, Sh...

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