Small Business

Nov 17 2011

Women of color: a vibrant business sector

Getting into business can be hard enough but managing its growth successfully can be even harder. Recently, members of California Association For Micro Enterprise Opportunity (CAMEO) assembled a small group of minority businesswomen to build a coalition and discuss their challenges and successes.

Keynote speaker Sheila Brooks, CEO of SRB Communications, explained to those in attendance that minority women-owned businesses represent the fastest growing segment of new companies in California and the nation.

Cynthia E. Griffin-  |   OW Managing Editor
Sep 8 2011

A common theme runs through proposals

As the nation continues to struggle economically, the latest jobs report (August) did not offer much good news. Unemployment remained stuck at 9.1 percent nationwide; at 16.7 percent for African Americans and zoomed up to 46.5 percent for Black youth, ages 16-19, up from 39.2 percent in July.

This sustained economic malaise for the nation has pumped up the urgency to create jobs, and that mantra has now (belatedly as far as some in the Black community are concerned) become the drum beat to which much of Washington is responding.

Apr 14 2011

Advantage Initiatives target start-ups and growing firms

WASHINGTON, D.C.—The U.S. Small Business Administration (SBA) has unveiled two new initiatives to increase lending opportunities for small business owners in inner cities and underserved communities.

Under the two initiatives, known as the Small Loan Advantage and the Community Advantage, community banks will be able to offer loans of up to $250,000. Those loans, which are part of the agency’s 7(a) program, come with the government guarantee of 75 percent guarantee while anything under $150,000 comes with the 85 percent guarantee.

Jan 27 2011

Fifty-two percent of small businesses are located in homes

Nearly 30 million small businesses operate in the United States, according to the Small Business Administration Office of Advocacy. They employ just over half the country’s private sector workforce and hire 40 percent of high-tech workers, such as scientists, engineers and computer workers.

Dec 16 2010

Social media

Used to be a diligent small business owner with a great idea and plenty of gumption could grow a business through word of mouth alone. In many ways, that’s still true.  Yet today, much of the “word of mouth” conversations and recommendations, which can make or break a business, are happening online, not face to face.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”