Minority entrepreneurs" quest to obtain financing

hearing before the Subcommittee on Minority Enterprise, Finance, and Urban Development of the Committee on Small Business, House of Representatives, One Hundred Third Congress, first session, Pine Bluff, AR, October 29, 1993. by United States. Congress. House. Committee on Small Business. Subcommittee on Minority Enterprise, Finance, and Urban Development.

Publisher: U.S. G.P.O., Publisher: For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington

Written in English
Published: Pages: 213 Downloads: 673
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  • United States.


  • Minority business enterprises -- United States.,
  • Federal aid to minority business enterprises -- United States.,
  • Government lending -- United States.
LC ClassificationsKF27 .S65 1993d
The Physical Object
Paginationiii, 213 p. :
Number of Pages213
ID Numbers
Open LibraryOL1206334M
ISBN 100160443784
LC Control Number94201161

helping ethnic minority entrepreneurs to emerge in ireland. Ten years ago, no-one in Ireland would have believed that it would be important to consider the needs of ethnic minority entrepreneurs. Before Ireland was a country of emigrants. Many Irish people were forced to . Los Angeles - The Minority Business Development Agency (MBDA), an agency of the U.S. Department of Commerce, and the U.S. Small Business Administration (SBA) have joined forces with the Asian Pacific Revolving Loan Fund of Los Angeles (APRLFLA) to sponsor the conference “Survival - Accessing Stimulus Capital in Tough Times” for existing small business owners in the Los Angeles area. The value of loans for minority-owned businesses is usually less than non-minority loans. For minority businesses with more than $ , in gross revenue, the average loan amount is $ , But non-minority business loans average $ ,, and the MBDA report says interest rates are often higher for minority business loans. The Minority Business Development Agency (MBDA) works out of the U.S. Department of Commerce to create sustainable jobs within businesses owned and operated by minority entrepreneurs. Through the MBDA Business Centers, entrepreneurs of color can obtain assistance in gaining access to capital, contracts, and markets.

Minority Entrepreneurs in Bankruptcy By Rafael Efrat* ABSTRACT Minorities join the entrepreneurial sector as an avenue of opportunity to address certain disadvantages they face in the labor market. Despite the increasing number of minorities becoming entrepreneurs, minority-owned businesses are underrepresented in the entrepreneurial sector in.   Minority-owned businesses are collectively reflections of evolving constraints and opportunities operating in broader society. Minorities seeking to create viable business ventures have traditionally faced higher barriers than whites as they sought to exploit market opportunities, raise financing, and penetrate mainstream networks.   When minority entrepreneurs and startups relocate to Dallas, many immediately comment on how helpful and friendly their fellow entrepreneurs are, said Brittany Hibbs, director of events and programming at The Dallas Entrepreneur Center (DEC). “It baffles the people who move here,” said Hibbs. “I’m not sure why Dallas is more friendly. They feel compelled to give before they get, and.   The partnership with DreamIt, entitled the Minority Entrepreneur Accelerator Program (MEAP), is Comcast Interactive Capital’s first investment initiative from the $20 million fund created by Comcast as part of the NBCUniversal transaction that is committed to expanding opportunities for minority entrepreneurs.

Houston is home to the most diverse population in the US and emerged as the top city for minority entrepreneurs to live, work and start up a venture. When it comes to business leadership, the Texan city has actually reversed the racial bias – residents in Houston are in fact more likely to work with or buy from a business owned by a minority. Do Minority Entrepreneurs Somehow Di er from Other Entrepreneurs? 1 Scholarly Studies Analyzing Minority Entrepreneurship 3 2 A Brief History of the Development of the Underdevelopment of the Minority-Business Community in the United States 9 3 Social Resources, Ethnic Enclaves, and the Contributions of Sociologists to Explaining.   Black entrepreneurs find success. Increasing the number of African-American and minority entrepreneurs is important to the future of Rochester, Smith said. according to a book . Female crunk rapper who began a solo career after first performing with the trio, Da Kaperz. She gained reality fame as a regular on Love & Hip Hop: Atlanta. The most interesting thing about Rasheeda is the fact that she is a very caring woman. I have seen that the media protrays.

Minority entrepreneurs" quest to obtain financing by United States. Congress. House. Committee on Small Business. Subcommittee on Minority Enterprise, Finance, and Urban Development. Download PDF EPUB FB2

Get this from a library. Minority entrepreneurs' quest to obtain financing: hearing before the Subcommittee on Minority Enterprise, Finance, and Urban Development of the Committee on Small Business, House of Representatives, One Hundred Third Congress, first session, Pine Bluff, AR, Octo [United States.

Congress. House. Committee on Small Business. The latest news, videos, and discussion topics on Minority-Owned Businesses - Entrepreneur. Perhaps the most viable financing sources for women and minority entrepreneurs are angel networks-informal investment networks of wealthy individuals and families who invest in.

Minority Entrepreneurs. The number of businesses in our minority communities continues to grow, adding to our competitive advantage. Over the last 10 years, minority business enterprises accounted for more than 50 percent of the two million new businesses started in.

Minority Entrepreneurs: Challenges and How to Succeed From getting funding to handling the competition, minorities are often facing specific challenges when starting and running a business.

Minority Business Entrepreneur magazine's publisher Barbara Oliver. Today, only 59 percent of small businesses are able to obtain adequate financing, reports the National Small Business Association (NSBA). That number has steadily decreased in the last five years.

The value of loans for minority-owned businesses is usually less than non-minority loans. For minority businesses with more than $, in gross revenue, the average loan amount is $, But the reasons why have less to do with the businesses being minority-owned than with differences between White and minority-owned start-ups.

WHAT THE DATA SHOW Robb and Fairlie report that initial capitalization of minority-owned businesses is lower than that of White-owned businesses ($75, versus $90, on average). minority-owned businesses in the United States. During these difficult economic times, the costs of doing business can sometimes become a tremendous burden for our entrepreneurs and small business owners, particularly for women and minority owners that continue to face unfair Size: KB.

Start studying Chapter 18 Entrepreneurship & Small Business. Learn vocabulary, terms, and more with flashcards, games, and other study tools. most entrepreneurs have which of the following trait(s). The main, if not only, reason for writing a business plan is to obtain financing.

FALSE. The National Minority Supplier Development Council matches more t minority-owned businesses with 3, corporations who want to. Minority entrepreneurs made up just % of the people pitching their businesses to angel investors in the first half ofaccording to a report on the angel market by the University of New Author: Natalie Robehmed.

2 Minority and Women Entrepreneurs: Building Capital, Networks, and Skills Abstract The United States has an enviable entrepreneurial culture and a track record of building new Size: KB. The yield rate for minority entrepreneurs during that same period was %, a negligible difference. The yield rate is the percentage of investment opportunities that are brought to the attention of investors that result in an investment.

Inthe yield rate for minority firms was 19% compared to. WOMEN AND MINORITY ENTREPRENEURSHIP. Women Entrepreneurship. The Senate Committee on Small Business and Entrepreneurship has made history in the th Congress as the first full committee in the U.S.

Senate or the U.S House of Representatives to be lead by two female lawmakers. Senator Snowe considers it a distinguished honor to be the Ranking Member of the Small Business. Minority entrepreneurship (Chaganti and Greene, ) may also include immigrant entrepreneurs as well as natives who are not considered part of the majority in society in terms of ethnicity.

Despite the tightening lending regulations, there are still options available for minority small business owners. There are a variety of online small business loan options available to help minority entrepreneurs. For New Entrepreneurs. It can be difficult to find banks or institutions that are willing to loan to a new small business.

Find over 49 Minority Entrepreneurs groups with members near you and meet people in your local community who share your interests. Maya Rockeymoore talked about a Center for Global Policy Solutions report on minority entrepreneurship, The Color of Entrepreneurship: Why the Racial.

In fact, many of these organizations, like the Oregon Association of Minority Entrepreneurs, focus their outreach and lending efforts specifically on minority small business owners. Under the microloan program, business owners can borrow up to $50, for as long as six years.

Raquel Ramirez, owner of the Lunchbox at S. Main, plans to expand her business by adding a second location. She said the low-cost financing offered by the new Create Capital Fund "means a lot.

"The purpose of the boot camp is to make sure minority business entrepreneurs seeking to obtain equity financing have the tools to know how to Author: Cynthia Hobgood. Minority Entrepreneurship. Minority Entrepreneurship reviews the economic and sociological literature on the topic of minority entrepreneurship.

While economists and sociologists have written most of the influential studies, these groups typically ask different questions and base their analysis on different assumptions. Case in point: the minority-owned business certification.

What qualifies as a minority-owned business. For a business to be considered minority-owned, a minority individual must own at least 51% of a business or the stock.

The daily operations and management of this business must also be controlled by the minority individual or group. Study of 1, Minority Entrepreneurs Reveals Optimism for the U.S.

Economy, Confidence in Small Business Growth. Nearly eight out of ten minority entrepreneurs are confident that their companies will grow in the next 12 months and more than six in ten are optimist about the overall economy's growth, according to a survey of more than 1, small business owners conducted in late.

Minority women start new businesses in the U.S. at four times the rate of non-minority men and women. Though minority women entrepreneurs in the United States are thriving, their stories are very seldom told, and few think of minority women as successful entrepreneurs.

Minority Women Entrepreneurs gives voice and visibility to this group of business owners. The second purpose of this book is.

minority-owned businesses and businesses that involve minorities have assets in excess of $5 billion and provide financing to an estimated or so companies each year. Mainstream venture funds, which do not track their investments by race, provide financing to another 50 or File Size: KB.

Minority entrepreneurs create almost _____ million jobs. a) 2 b) 6 c) 10 d) b. equity financing b) initial public financing c) debt financing if not only, reason for writing a business plan is to obtain financing.

In a limited partnership, only the general manager is involved in the day-to-day operations; however, all. This minority capital resource handbook consists of a guide to raising capital for minority entrepreneurs and a listing of sources that provide such capital.

The first section deals with the process of raising capital. The realities of raising capital, intermediaries and financial advisors, and assessing needs are outlined. Factors considered in evaluating the entrepreneurial team and the Author: Samuel D.

Ewing, Clifton H. Maloney. Promoting Minority Owned Business. Part of the recent rise in quantity of both Black- and Latinx-owned restaurants nationwide may be attributed to the significant organizing and self-promotion these communities have launched to support restaurants as a self-owned/operated business opportunity.

67) highlight that "minority-owned businesses lag behind nonminority-owned businesses in terms of sales, profits, survivability, and employment; facing greater obstacles in obtaining financing for.Comcast Ventures’ innovative $20 million Catalyst Fund is designed to create opportunities for minority entrepreneurs to build their business with Comcast’s support.

Sincein partnership with Philadelphia-based DreamIt Ventures, Comcast Ventures sponsored the DreamIt Access Program, designed to offer seed funding — up to $35,Indiegogo campaign seeks to break the ‘white guy entrepreneur’ mold Eric Blattberg October 1, PM Social Venture Network is raising money to support women and minority entrepreneursAuthor: Eric Blattberg.