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Katrina +5: SBA, Taken by Surprise, Unprepared to Quickly Offer Aid
  • News
  • Entrepreneurship

Katrina +5: SBA, Taken by Surprise, Unprepared to Quickly Offer Aid

When Katrina struck, SBA was in the middle of a transformation that included an internal reorganization, and a major computer system upgrade. Only 800 people could be on the new computer system at a time, so SBA had to incorporate shifts. Now 10,000 people can be on the system at once. The disaster loan processing system, which was located in Fort Worth, Texas, could accommodate only 366 seats; it has since been built up to accommodate 2100.

  • Entrepreneurship

Fashion Week 2010: Top Model Talks Longevity Post-Catwalk

As Mercedes Benz Fashion Week continues at Lincoln Center, designers are either wrapping up preparations before unveiling their Spring 2011 collections or making the rounds to network within the international...

Magic’s Touch
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  • Business

Magic’s Touch

Earvin “Magic” Johnson has scored big by creating a business fiefdom that serves urban America. His 22-year-old Magic Johnson Enterprises currently includes ASPIRE cable network; Magic Airport Holdings; Magic Workforce Solutions; and Los Angeles Dodgers part owner—his purchase last year made him the only African American with a substantial ownership stake in a Major League Baseball franchise. In the process, he has forged lucrative corporate partnerships; provided employment for thousands of African Americans; and built a powerful brand.

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