Category: minority business
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The Funding Gap That’s Defunding America
In February of 2023, Small Business Administrator, Isabella Guzman, warned that the lack of capital access for minority-owned small businesses is costing the U.S. economy hundreds of billions of dollars in lost economic output (1) During the 2023 fiscal year, the Federal Government, issued 63,000 SBA loans to small businesses with proceeds totaling just shy of $34… Read more
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A Legal Look At Affirmative Action
The Anti-Trust Law of 1890 along with nepotism are two reasons the Minority Business Development Agency (MBDA) may be able to make a strong legal case for affirmative action (race-based services). Eighty-seven percent of American businesses are family-owned or controlled. They represent 54% of U.S. GDP and 59% of employment, meaning family-owned businesses directly affect… Read more