Posted on 10/06/2008 9:20:34 AM PDT by BigDaddyTX
Invest in Women-Owned Small Businesses:
Women are majority owners of more than 28 percent of U.S. businesses, but lead less than 4 percent of venture capital-backed firms. Women business owners are more likely than white male business owners to have their loan applications denied. Barack Obama and Joe Biden encourage investment in women-owned businesses, providing more support to women business owners and reducing discrimination in lending. To create greater opportunities for women business owners who would like to do business with the federal government, Obama and Biden will implement the Women Owned Business contracting program that was signed into law by President Bill Clinton, but has yet to be implemented by the Bush Administration.
Increasing Minority Access to Capital:
Access to venture capital is critically important to the development of minority-owned businesses. Yet there has been a growing gap between the amounts of venture capital available to minority-owned small businesses compared to other small businesses. Less than 1 percent of the $250 billion in venture capital dollars invested annually nationwide has been directed to the country’s 4.4 million minority business owners. And in recent years, there has been a significant decline in the share of Small Business Investment Company financings that have gone to minority-owned and women-owned businesses. In order to increase their size, capacity, and ability to do business with the federal government, and to compete in the open market, minority firms need greater access to venture capital investment, as well as greater access to business loans. Barack Obama and Joe Biden will strengthen Small Business Administration programs that provide capital to minority-owned businesses, support outreach programs that help minority business owners apply for loans, and work to encourage the growth and capacity of minority firms
(Excerpt) Read more at barackobama.com ...
You know... Main Street! ACORN! ACORN! ACORN! Hey Barney, nice to see you here."
Because I was WHITE the SBA in San Antonio, told me there wasn’t really much money for us...that it was for mostly Hispanics and Blacks. I remember my dad got his business going with a loan from the SBA...I got my business going without the loan, but gov’t was of no help, because gov’t is actually racially centered.
It's simple, he plans to make General Electric a small business, General Motors a small business, Ford a small business, Walmart a small business, etc...
Racial fascism is the order of the day.
We sold our business to a “minority” through an SBA loan.....the company had been in business for over 30 years - he ran it into the ground in less than 3..
his plan for small business is to increase their ranks by turning all the big businesses into small ones
just like zimbabwe
There is nothing more important to the advancement of all citizens than a vibrant economy. It has now been shown that the forcible introduction by government of irrational processes designed to achieve racial goals creates significant dangers to the economy. Obama's tax plan will destroy the ability of most people to accumulate capital that can and has been used to fund small businesses. His racial spoils system will ensure that what little capital remains is invested in less than rational ways. He is a very dangerous man.
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