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A Path to Recovery for Black America

A Path to Recovery for Black America

Under the banner, “20/20 Vision: A Look Ahead at Black America in the Next Economic Boom,” the event brought together business leaders, policy makers, economists and entrepreneurs to discuss issues vital to the future of African Americans and the nation as a whole: jobs and workforce readiness; small business and innovation; and financial reform and wealth building.. The dialogue resulted in a series of policy recommendations directed to the Obama Administration as well as strategies for black-owned businesses, trade associations and other organizations shaping future plans.

Talking Points: The Case for Entrepreneurial Parity

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.

75 Most Powerful Women In Business

What does it take to be named one of Black Enterprise’s 75 Most Powerful Women in Business? To identify our senior corporate executives and leading entrepreneurs—women responsible for developing product lines, positioning brands, operating core business areas, generating revenues, and with profit & loss oversight at the highest levels—our editorial and research teams pored over hundreds of biographies and résumés, as well as conducted interviews with potential candidates and leading trade associations for several months.

Unduplicated Success

In July 2009, Ursula M. Burns was named CEO of Xerox Corp., becoming not only the first African American woman to run one of the largest publicly traded companies, but also being placed among the world’s most influential chief executives, male or female. This event may have signaled the beginning of a new era for black female representation in Corporate America.

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