Talking Points: The Case for Entrepreneurial Parity
The Minority Business Development Agency, a branch of the U.S. Department of Commerce, is on a mission. Under the leadership of National Director David A. Hinson, the agency’s top goal is to achieve “economic parity,†by matching the percentage of private businesses owned by minorities with their representation in the U.S. population. If that target is reached, MBDA believes minority-owned companies would generate more than $2.5 trillion in annual revenues, create 16 million new jobs, and contribute more than $100 billion in annual taxes. The nation’s 4 million minority-owned businesses currently generate $660 billion in revenues and employ nearly 5 million workers.
