FEDERAL GOVERNMENT TO BOOST EFFORTS TO HELP MINORITY AND FEMALE ENTREPRENEURS; COMMERCE...

FEDERAL GOVERNMENT TO BOOST EFFORTS TO HELP MINORITY AND FEMALE ENTREPRENEURS; COMMERCE DEPARTMENT TO BE LEAD SPONSOR OF OCTOBER CONFERENCE WITH $100,000 GRANT



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VIENNA, Va.–(HISPANIC PR WIRE – BUSINESS WIRE)–Oct. 2, 2002–The U.S. Department of Commerce will step up its efforts to help minority and female entrepreneurs in the mid-Atlantic area by becoming the lead sponsor of the Emerging Business Forum, a three-day conference scheduled for Oct. 20-22 in Fairfax County, Virginia.

The Commerce Department will aid the conference with a $100,000 grant, the first financial assistance from a federal agency. Deputy Commerce Secretary Samuel W. Bodman will speak at the event.

“Companies run by women and minority entrepreneurs are a fast-growing segment of the American economy, and the Commerce Department is pleased to support the Emerging Business Forum that offers them the kind of access they need to succeed today,” said Assistant Commerce Secretary for Economic Development David A. Sampson.

The Commerce Department grant is a great testament to the value of the Forum for entrepreneurs and for economic development, and it will help us help business people who haven’t always had an equal opportunity for success,” said EBF Chairman James W. Dyke Jr., a partner at the law firm of McGuireWoods LLP.

The Emerging Business Forum consists of workshops that help minority and female entrepreneurs get better access to capital, business partners, customers and mentors. This is the second Forum. This year the Forum will highlight business opportunities with the federal and state governments and with established companies. Visit http://www.EmergingBusinessForum.org for detailed program and registration information.

The Commerce Department joins a variety of corporate and government sponsors from around the Washington region in support of the Emerging Business Forum. Other publicly funded sponsors are the Fairfax County Economic Development Authority, the District of Columbia government, the Prince George’s Financial Services Corporation, the Virginia Department of Business Assistance, the Maryland Small Business Development Center and Howard University.

Private-sector sponsors are Exxon Mobil Corporation, Capital One Financial Corporation, Riggs Bank NA, Ronson Communications, McGuireWoods LLP, Pepper Hamilton LLP, RS Information Systems Inc., Deloitte & Touche, Maden Technologies, National-Louis University, the D.C. Chamber of Commerce, the Greater Reston Chamber of Commerce and the Greater Washington Ibero-American Chamber of Commerce.

–30–des/ph*

CONTACT:

Emerging Business Forum

Alan Fogg, 703/790-0600

or

Department of Commerce

Matthew Crow, 202/482-5081

FEDERAL GOVERNMENT TO BOOST EFFORTS TO HELP MINORITY AND FEMALE ENTREPRENEURS; COMMERCE DEPARTMENT TO BE LEAD SPONSOR OF OCTOBER CONFERENCE WITH $100,000 GRANT