Minority Business News
Atlanta — A recent study conducted by the Entrepreneurs Incubator Institute revealed that black businesses fail at a rate 18 times higher than that of their white counterparts with the exact same qualifications. The report cited that blacks are unfairly expected to achieve at the same levels as whites due to the broad stroke comparisons. Devin Robinson, business and economics professor and founder of EII stated, “The failure in black businesses often starts from the owner’s youth and discriminatory factors. Most blacks are only motivated to become entrepreneurs when corporate America rejects them. This rejection is often due to a criminal conviction, culture disconnect, underperforming aptitude or something that happened to that person as a youth. In addition, schools often put more energy into high performing students, leading to even better performance out of them. Average or underperforming students are rarely given enough attention and development, leading to worse performances.”
GDN BOOK FEATURE: Business Owner Defeats Racial Inequality, Makes History New Biography Highlights the Life and Times of Henry G. Parks, Jr.
WASHINGTON, D.C. – Introducing the first African American business owner to issue stock on Wall Street: Henry G. Parks, Jr. “Businessman First” by Maurice W. Dorsey captures the important achievements of “Mr. Parks,” an African American manufacturing business owner who built his company to a multimillion-dollar level during the 1960s when racial inequality was especially prevalent. “A business man who manufactures pork products is not viewed as glamorous,” Dorsey said. “But Mr. Parks had a great vision, mission, goals, objectives, and more over, a great product.” This new biography is an answer to the lack of recognition of Parks’ journey to success in African American history. A joint project between the author and the subject prior to his death, “Businessman First” highlights the strategy, dedication and perseverance Mr. Parks orchestrated to build his company from the ground up. The multi-generational friendship between these two African American men influenced the author’s own successful career in government and education. Dorsey’s 16-year friendship with Parks emphasizes the need for strong African American leaders to mentor youth today.
Africa’s Republic of Guinea, Conakry’s First Lady Visits Atlanta on International Business Relations Trip
Her Excellency First Lady Madame Djene Conde' of The Republic of Guinea. S. Benjamin Enterprises Spearheads Tours of Governor's Office, CDC, MedShare International. Madame Djéné Condé, the First Lady of the Republic of Guinea, Conakry in Africa, took a series of tours in Atlanta, Georgia, during a recent visit to the United States. Madame Condé was on an exploratory mission for international business development between the Republic of Guinea, Conakry and Georgia, which included a private meeting with Georgia's First Lady, Sandra Deal.
Think Your Organization is Diverse? Think Again: Study Reveals Diversity Means Different Things to Different People
Over the past few decades, many companies have sought to make their workforce more diverse in an effort to attract and keep top talent. But, how successful is their strategy? In a new study, “Diverse According to Whom? Racial Group Membership and Concerns about Discrimination Shape Diversity Judgments,” published online today by Personality and Social Psychology Bulletin, researchers explore the complexities of diversity and what causes people to feel that a team or an organization is diverse. Key findings indicate that a particular team or organization can look quite different to people depending upon their backgrounds and racial identity.
The International Black Women’s Congress (IBWC) a non-profit, community based organization, headquartered in Norfolk, VA and founded by Dr. La Francis Rodgers-Rose, will hold their 30th annual conference September 19-21, 2014, at the Wyndham Virginia Beach Oceanfront in Virginia Beach, Virginia. The theme for this year’s conference is “Black Women and Economic Empowerment: Rooted in Justice and Equality….” The goal of the three-day conference is to discuss ways in which to create economic development through the spending power that exists in the Black community. The conference will also address the issue of reparations and the fair distribution of goods and services.
(NNPA) – In recent days, many policymakers and analysts have noted the July 21 anniversary of the Consumer Financial Protection Bureau (CFPB). It marked the anniversary of President Obama signing the historic Dodd-Frank Wall Street Reform Act into law. The cornerstone of the law’s reform was the creation of a new bureau dedicated solely to ensuring that when it came to financial services, consumers would have a cop-on-the-beat, fighting for and ensuring transparency and fairness.
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