BUSINESS EDUCATIONAL CONFERENCE Sponsored by the U.S. Department of the Interior and Hosted by Southern University-Baton Rouge, Louisiana - PowerPoint PPT Presentation

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BUSINESS EDUCATIONAL CONFERENCE Sponsored by the U.S. Department of the Interior and Hosted by Southern University-Baton Rouge, Louisiana

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BUSINESS EDUCATIONAL CONFERENCE Sponsored by the U.S. Department of the Interior and Hosted by Southern University-Baton Rouge, Louisiana MINORITY BUSINESS OVERVIEW – PowerPoint PPT presentation

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Title: BUSINESS EDUCATIONAL CONFERENCE Sponsored by the U.S. Department of the Interior and Hosted by Southern University-Baton Rouge, Louisiana


1
BUSINESS EDUCATIONAL CONFERENCE Sponsored by the
U.S. Department of the Interior and Hosted by
Southern University-Baton Rouge, Louisiana
  • MINORITY BUSINESS OVERVIEW
  • Donald R. Andrews, Dean College of Business
    Southern University, Baton Rouge, Louisiana
  • November 30, 2002
  • New Orleans, Louisiana

2
The Minority Business ChallengeWhat does the
Data Indicate
  • Minority firms growth rate faster than all firms
  • Minority Firms still underrepresented
  • Minority firms and unequal access to capital
  • Sizable disparity in revenue per ethnic firm
  • More than 34 of all minority firms in CA
  • Growing pool of educated minorities
  • 3.25 million minority firms
  • 1.4 million Latino, 1.05 million Asian/Native Am
    and 882,000 African American

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Recommendations
  • Support more research and development of
    innovative financial instruments
  • Encourage formation of business incubators
  • Commerce and Treasury to focus investment
    programs for minority firms
  • Develop professional minority venture capital
  • Enforce minority procurement programs
  • Tax and other incentives for investment in
    minority firms
  • Implement New Markets Initiatives
  • Source Minority Business Challenge -U.S. Dept of
    Commerce, Minority Business Development Agency,
    Milken Institute - September 25, 2000
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