Consulting services for states and local government for enhancing policies and programs related to business inclusion. This blog is all about how to increase opportunities for small businesses, social enterprises, and businesses owned by people of color and women. The Inclusive Business Initiative is a project of Tim Lohrentz. Follow me on twitter @biz_inclusion. Email: email@example.com / Phone: 415-250-7879.
Josh Smith focuses on fairness in federal procurement in his weekly radio show. Listen live in the Washington DC area at 2 pm Eastern on Tues., Dec. 22, or live-streamed. This week's show will feature the activities and views of the founder of the Fairness in Procurement Alliance (FPA), Mr. Raul Espinosa. The FPA came together in June 2005 as a loose alliance of 15 minority and small business advocacy groups to support a "size protest" case against a large business which had allegedly been committing fraud by misrepresenting its affiliation to win "set-aside contracts."
New American Media reports on its research of the participation of minority-owned businesses in the ‘America’s Recovery Capital’ loan guarantee program:
Loans handed out to struggling small businesses as part of President Barack Obama's stimulus package have largely shut out minority businesses -- especially those owned by Blacks and Latinos -- according to data provided by the federal government's Small Business Administration (SBA) to New America Media (NAM).
On June 15, the SBA, using money from the $787 billion American Recovery and Reinvestment Act, launched the ARC program, America's Recovery Capital, giving banks and credit unions 100 percent guarantees so they're taking no risk when they make loans of up to $35,000 to previously successful, currently struggling small businesses to help them ride out the recession.