Minority Firms on the Rise
(The Network Journal) — The news is good—and bad—for minority business. According to a recent report issued by the U.S. Commerce Department’s Minority Business Development Agency (MBDA) and the U.S. Census Bureau, the number of minority-owned firms increased by 46 percent to 5.8 million between 2002 and 2007. But while the numbers have increased, the “economic parity remains elusive,” said MBDA’s National Director David A. Hinson in a press statement.
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