Minority Business News
When I quit my job with the post office to start a building maintenance company that specialized in big public buildings, I knew I would have to be good. Better than the big companies that were already doing it. What I didn’t know almost killed my compnay: I needed bonding and working capital and was told it was impossible for me to get it because I was a new business and had no credit. But I found it. And I thought this information might be useful to other minority entrepreneurs.
Very high levels of unemployment are expected to remain high through the 4th quarter of 2012, a new EPI report finds. In No relief in 2012 from high unemployment for African Americans and Latinos, EPI Director of the Race, Ethnicity, and the Economy program Algernon Austin reviews unemployment rates by state for African Americans, Latinos and whites. He finds that the 25 states where African Americans are experiencing unemployment rates of 10% or higher will continue to do so through 2012, as will the 14 states where the Latino unemployment rate is 10% or higher.
"Manhattan Institute report heralding the 'end' of segregation uses a measure that masks important demographic and economic trends." In a study released this week, two Manhattan Institute researchers heralded the “end of the segregated century.” Harvard professor Edward Glaeser and Duke professor Jacob Vigdor showed that African American segregation levels have now declined to their lowest point since 1920, just after the beginning of the “Great Migration” of rural sharecroppers from the South to Northern industrial metropolitan regions.
CAP Experts Available to Preview State of the Union Address and how Communities of Color will be affected
Washington, D.C. — Over the weekend, the Obama campaign previewed Tuesday’s State of the Union address as an opportunity for the president to lay out a blueprint to “build an economy that works for everyone, not just a wealthy few.”
RALEIGH – Gov. Bev Perdue announced today that the North Carolina Department of Revenue is launching the Individual Income Tax Debt Payment Program to help individuals catch up on unpaid taxes. This time-limited program will help individuals resolve unpaid taxes and get back on their feet financially by waiving certain penalties and fees and offering payment plan options. Participating taxpayers can avoid forced collections such as garnishments, liens, and levies.
- JOIN MBDA NETWORK TO CREATE JOBS AND GROW MINORITY-OWNED ENTERPRISES
- Black America’s 2011 Economic Challenge:
- To The Occupy Movement
- Afro Latinos: Everywhere, Yet Invisible
- Multiculturalism in America: The Struggle for Acceptance Continues
- Psychology of Black Unemployment: Impact felt deep in the African American psyche