This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Resources for Black-Owned Business Success

Small Business Administration

The SBA is stepping up initiatives to build awareness of its programs amongst underserved communities.

According to a blog post by Marie Johns, the SBA's Deputy Administrator, the SBA teamed last week with the U.S. Black Chamber of Commerce to increase the participation of black-owned small businesses in SBA programs, including loan programs, government contracting and its resource partner network, such as SCORE.

Banks and government agencies also have lending programs, specifically for blacks and other minorities who are owners of companies past the start-up stage. Check this article on to get more resources to help your business grow.


Franchising amongst blacks and minorities is rising. According to a December report by the International Franchise Association, minority ownership of franchised businesses rose from 6.2% in 2002 to 20.5% in 2007. The report cited the most recent U.S. Census data available.

Blacks and minorities were also more likely to run a franchised business as compared to a non-franchised business. Blacks owned 4.9% of all franchises, compared to Asians who owned 10.4% of all franchises and Hispanics who owned 5.2%, the report said.

Franchisors in the IFA's MinorityFran program are actively looking to recruit minority prospects. Through the program, the franchises extend incentives to their prospects, including reductions in initial franchise fees, additional marketing support or incentives to establish brands in underserved communities that could provide tax credits to the franchisee, among other programs.

The IFA is also about to launch a "Meet the Mayors" program in three cities this year, kicking off in Burnsville, Minn. on Aug. 23. According to IFA spokesman Matt Haller, the program is focused on inner-city franchise development and will address topics such as:

Development issues including the permit process;
How to effectively communicate with economic development officials;
New market expansion;
What it would take to establish an economic development fund; and
Access to capital.

"It's all about accelerating franchising," says Miriam Brewer, the IFA's senior director of education and diversity.
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AXP $64.85 0.00%
LNKD $124.91 0.00%
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs