How are minority businesses doing in the recession?

6/1/2010, 7:20 p.m.
Fred McKinney, president and CEO of the Greater New England Minority...

So minority companies in the business to business world are looking better than they did last year. However, there is still a long way to go to ensure stability and growth in this important and often overlooked business sector. Minority business conditions are leading indicators of economic problems and lagging indicators of economic expansion. Consequently, current improvements in MBE optimism bode well for all businesses, consumers and workers.

Now is the time to convince more corporations and others to consider MBEs when they are looking to contract with high quality, competitive firms. We have some great MBEs in the GNEMSDC. In 2009, we had 400 certified MBEs who had combined sales of $12.2 billion and employed 48,000 workers and more than 55 percent of these workers were a minority! Supporting minority business development creates jobs and income where they are needed most. To find out more, visit us at www.gnemsdc.org.  

The Greater New England Minority Supplier Development Council is a 35-year-old agency of local and national major corporations.  The GNEMSDC is an affiliate of the National Minority Supplier Development Council and is controlled by 33 Board of Directors. It is the mission of the GNEMSDC to foster business relationships with certified Minority Business Enterprises (MBE’s) and corporate members. To find out how to become a member please visit our website www.cmsdc.org/about_gnemsdc.html