I_Got_Da_Burna
Superstar
It's simple...AA's don't take advantage of SBA loans as much as other minorities do. They also have shorter survival rates.
Obama's budget aggressively pushed initiatives to increase ownership of Black Businesses (from the MBDA website):
Unfortunately, AA's do NOT take advantage of available resources that would allow them to create their own jobs and businesses. Instead, I see a bunch of whining and complaining about not getting a job like it's a god-given right to have one. What the MBDA offers is literally free (courses, seminars, training, think-tanks for start-ups, etc), but AA's are not taking advantage.
Right now, I work for a large-sized federal contractor. There are a large number of federal contracts that only allow MBEs and WBEs to bid on that service. The pool for MBEs is small, but sometimes just existing alone is good enough to get the contract (you can win a contract and just subcontract to a firm like the big boys do).
It is not Obama's fault people aren't tapping into these available resources. Asians and Hispanics are thriving off of SBA's. Hispanics are using SBA's at a rate almost double what AA's and Asians use combined.
There is NO EXCUSE. Even if your idea is a simple weave store in the hood, that should be good enough to get a lone. There should be no reason why Asians own the majority of stores in predominantly AA areas. None at all.
Obama's budget aggressively pushed initiatives to increase ownership of Black Businesses (from the MBDA website):
Unfortunately, AA's do NOT take advantage of available resources that would allow them to create their own jobs and businesses. Instead, I see a bunch of whining and complaining about not getting a job like it's a god-given right to have one. What the MBDA offers is literally free (courses, seminars, training, think-tanks for start-ups, etc), but AA's are not taking advantage.
Right now, I work for a large-sized federal contractor. There are a large number of federal contracts that only allow MBEs and WBEs to bid on that service. The pool for MBEs is small, but sometimes just existing alone is good enough to get the contract (you can win a contract and just subcontract to a firm like the big boys do).
It is not Obama's fault people aren't tapping into these available resources. Asians and Hispanics are thriving off of SBA's. Hispanics are using SBA's at a rate almost double what AA's and Asians use combined.
There is NO EXCUSE. Even if your idea is a simple weave store in the hood, that should be good enough to get a lone. There should be no reason why Asians own the majority of stores in predominantly AA areas. None at all.
