As part of JPMorgan Chase's $40 million investment in creating economic opportunity in Chicago's South and West sides, the firm will invest $4 million in two major initiatives with the goal of helping local
minority-owned small businesses share in Chicago's growth.
Small Business Forward includes investment in the Valley Economic Development Corporation's (VEDC) work in New York, Chicago and Los Angeles to fund early-stage
minority-owned small businesses so they can expand and serve their communities.
7-8 Preparing and Submitting Government Contract Proposals for minority serving institutions and
minority-owned small businesses" at California State University-San Bernardino, presented by the Department of Health and Human Services Office of Small Business Programs and RGF Consulting Corp.
The SBA, in partnership with Hewlett-Packard Small Business Foundation, is launching the 2005 schedule for two programs to assist
minority-owned small businesses with procuring contracts with federal and state governments and private corporations that have primary contracts with the government.
Pilot hub sites include the Virginia Community College System, which recruits local employers to participate in IT security apprenticeships, and the Cosmopolitan Chamber of Commerce in Chicago, which is recruiting
minority-owned small businesses. DeVry University will provide the classroom instruction portion of the program.
Blanchflower, Levine, and Zimmerman use data from the 1993 National Survey of Small Business Finances to determine the extent to which
minority-owned small businesses face constraints in the credit market beyond those faced by white-owned small businesses.
Bates and Dunham [1992] present striking evidence that
minority-owned small businesses employ predominantly minorities and that non-minority-owned small businesses employ primarily whites.(15) Evidence presented by Bates [1991] indicates that borrowing constraints placed on new
minority-owned small businesses by banks are greater than those placed on new non-minority-owned small businesses.
It was also announced that seven firms, predominantly
minority-owned small businesses, have leased space for their operations at the Navy Yard.
Reynolds, Howard University; and Percy Vaughn, Dean, College of Business Administration, Alabama State University discussed the problems of
minority-owned small businesses, while Cherie O'Neil, University of South Florida; and Alfonso Morales, American Bar Foundation examined the special needs and attitudes of Hispanics and other recent immigrants who set up their own businesses.