{"id":71461,"date":"2019-09-13T06:45:00","date_gmt":"2019-09-12T23:24:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-how-11-million-minority-owned-firms-can-close-the-wealth-gap-and-drive-the-u-s-economy\/"},"modified":"2019-09-13T06:48:01","modified_gmt":"2019-09-13T10:48:01","slug":"como-11-millones-de-empresas-propiedad-de-minorias-pueden-reducir-la-disparidad-de-la-riqueza-e-impulsar-la-economia-de-los-estados-unidos","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/como-11-millones-de-empresas-propiedad-de-minorias-pueden-reducir-la-disparidad-de-la-riqueza-e-impulsar-la-economia-de-los-estados-unidos\/","title":{"rendered":"How 11 Million Minority-Owned Firms Can Close the Wealth Gap and Drive the U.S. Economy"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">WASHINGTON<\/span>, <span class=\"xn-chron\">Sept. 12, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA), in collaboration with the Milken Institute, convened prominent scholars, economists and business leaders to combine research efforts in support of the growth and expansion of minority business enterprises (MBEs). \u00a0Fifty years after the inception of the MBDA, it is estimated there are more than 11 million minority-owned firms.\u00a0 <\/p>\n<p>&#8220;Minority businesses operate in an ever-changing domestic and global economic environment,&#8221; said U.S. Secretary of Commerce <span class=\"xn-person\">Wilbur Ross<\/span>.\u00a0 &#8220;With a complex array of variables perpetually at play, it is crucial for MBEs to remain flexible to the realities of the business world, and for government to create new pathways to success.&#8221;\u00a0\u00a0 <\/p>\n<p>Attendees at the <i>MBE Policy Symposium<\/i> dialogued with experts such as <span class=\"xn-person\">Matthew J. Slaughter<\/span>, Dean of the <span class=\"xn-org\">Dartmouth College<\/span> Tuck School of Business, and a former member of the Council of Economic Advisors; and <span class=\"xn-person\">William Bradford<\/span>, Dean of the <span class=\"xn-org\">University of Washington<\/span> Foster School of Business, and Partner in the Ascend 2020 Initiative.\u00a0\u00a0\u00a0Other contributors to the conversation included <span class=\"xn-person\">Gregory B. Fairchild<\/span>, Academic Director of Public Policy and Entrepreneurship, <span class=\"xn-person\">Darden School<\/span> of Business, <span class=\"xn-org\">University of Virginia<\/span>; <span class=\"xn-person\">Melissa Koide<\/span>, Founder and CEO, FinRegLab; <span class=\"xn-person\">Shelley Stewart III<\/span>, Partner, McKinsey &amp; Company; and <span class=\"xn-person\">Carol Caldwell<\/span>, Chief for Economic Statistical Methods Division, U.S. Census Bureau. The discussion emphasized that policies intended to drive positive change for MBEs must be considered in the context of the future of the U.S. economy.\u00a0 <\/p>\n<p>Yet, despite decades of research about MBEs, there are data limitations hindering the ability to develop effective policy in this area.\u00a0 Existing data, largely survey-based and incomplete, points to disparities, but it has yet to isolate and clearly identify the causes and consequences of these disparities. MBDA, the only federal agency solely dedicated to MBEs, established the Office of Policy Analysis and Development (OPAD) to generate solutions to persistent disparities in access to capital and MBE annual revenues.\u00a0 <\/p>\n<p>By collaborating with renowned institutions like the Milken Institute, The MacroDyn Group and others, MBDA plans to pursue a rigorous, evidenced-based, empirical and analytical foundation for policy development and public engagement.\u00a0 Ideas for new MBE-focused research topics, datasets and economic modeling were discussed at length during the <i>MBE Policy Symposium <\/i>and networking breaks.\u00a0 <\/p>\n<p>&#8220;Big data, new simulation tools, predictive analytics and the application of machine-learning algorithms offer great promise for researchers in the MBE space,&#8221; said <span class=\"xn-person\">Henry Childs II<\/span>, MBDA National Director.\u00a0 Childs further stated, &#8220;These new techniques have the potential to create inclusive growth strategies and be the building blocks for evidence-based policy making.&#8221;<\/p>\n<p>As demographics shift, and minority groups become a majority of <span class=\"xn-location\">the United States<\/span> population, it is imperative for the growth of the U.S. economy that MBEs are well understood. To achieve that, MBDA is expanding its engagement with statistical agencies, academic researchers, NGOs and other stakeholders to ensure that data continues to be pursued, sourced and continually improved.\u00a0 <\/p>\n<p>&#8220;The Milken Institute is delighted to work with MBDA to advance discussions designed to support minority enterprises. Our goal is to explore a host of national policy initiatives to address the lack of capital in low- and moderate-income communities, and to promote research on MBEs\u00a0and their impact on\u00a0jobs and wealth creation.&#8221; <b><span class=\"xn-person\">Aron Betru<\/span>, Managing Director, Milken Institute Center for Financial Markets<\/b>.\u00a0 <\/p>\n<p><b>About the Minority Business Development Agency (MBDA) and National Minority Enterprise Development (MED) Week<\/b><\/p>\n<p>MBDA is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority business enterprises through the mobilization and advancement of public and private sector programs, policy and research. Our services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues and expand regionally, nationally and internationally. In 2019, MBDA commemorates 50 years of economic empowerment through entrepreneurship and recommits to\u00a0<i>Winning the Future<\/i>\u00a0for all U.S. minority-owned businesses. For more information visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2579079-1&amp;h=704787794&amp;u=https%3A%2F%2Fwww.mbda.gov%2F&amp;a=www.mbda.gov\" rel=\"nofollow\">www.mbda.gov<\/a>.<\/p>\n<p>Since 1983, every U.S. president has issued a Presidential Proclamation designating National MED Week to recognize the contributions of the minority business community to the U.S. economy. MBDA has hosted the National MED Week celebration since its inception.\u00a0 The 2019 National MED Week events are sponsored by Facebook, The Coca-Cola Company, Raytheon, AT&amp;T and IBM.\u00a0 The MBE Policy Symposium was supported by The Milken Institute and Mintz.\u00a0 Learn more at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2579079-1&amp;h=1349988553&amp;u=https%3A%2F%2Fmedweek.mbda.gov%2F&amp;a=https%3A%2F%2Fmedweek.mbda.gov\" rel=\"nofollow\">https:\/\/medweek.mbda.gov<\/a>.<\/p>\n<p>MBDA Office of Public Affairs<br \/>202-482-6272<br \/><a target=\"_blank\" href=\"mailto:MBDAPublicAffairs@mbda.gov\" rel=\"nofollow\">MBDAPublicAffairs@mbda.gov<\/a><\/p>\n<p>SOURCE  Minority Business Development Agency (MBDA)<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">WASHINGTON<\/span>, <span class=\"xn-chron\">Sept. 12, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA), in collaboration with the Milken Institute, convened prominent scholars, economists and business leaders to combine research efforts in support of the growth and expansion of minority business enterprises (MBEs). \u00a0Fifty years after the inception of the MBDA, it is estimated there are more than 11 million minority-owned firms.\u00a0 <\/p>\n<p>&#8220;Minority businesses&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-71461","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/71461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=71461"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/71461\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=71461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=71461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=71461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}