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Supporting Minority Business at "The Next Level"

Tuesday, September 08, 2009
Posted By Darrin Redus
Last week I had the opportunity to attend the annual Minority Enterprise Development Week or “MED Week” conference in Washington D.C. which is put on by the U.S. Department of Commerce and its Minority Business Development Agency or MBDA. The event attempts to capture the primary issues impacting minority firms across the country and identify strategies to attack those issues. The clear message coming out of this year’s conference was that the MBDA is focused on growing larger scale minority businesses, which the MBDA defines as “Growing the next generation of $100 million+ businesses”.
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Leveraging Inclusion As An Economic Stimulus

Wednesday, May 27, 2009
Posted By Darrin Redus
Much has been written about the economic benefits of growing larger scale diverse businesses. Higher levels of job and wealth creation for minorities and women; creating procurement opportunities for smaller diverse firms; and creating new business and civic leaders are but a few of the benefits routinely cited. Despite these highly desirable outcomes, the level of investment in this strategy continues to significantly lag behind other efforts. Given the overall state of the economy, I certainly recognize that all strategies, no matter how viable, are challenged to secure adequate resources. In such an environment, our funding community rightfully begins to search for the “highest and best use” of capital, or simply stated in today’s economy, what efforts can create the most meaningful and sustainable jobs in the shortest possible time frame?
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