Commonwealth of Pennsylvania Begins a Minority Business Initiative by Asking for Input From Minority Businesses Throughout the State.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 23, 2000 The Commonwealth of Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York is developing a comprehensive strategic plan to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the emerging market of minority-owned businesses. To achieve the desired success, this initiative seeks to engage the minority business owner and gain their input for future programs and strategies. It is well documented that the fastest growing segment of small businesses is minority- owned businesses. Nationally, from 1987 - 1997, the total number of minority-owned firms increased 168%. Additionally, from 1992 to 1996, small businesses (with under 100 employees) in Pennsylvania accounted for 71% of all net new jobs created, and this trend is expected to continue and accelerate in the 21st Century. A survey is being conducted to determine the critical issues facing the minority business owner. Input is needed from minority business owners to convey convey v. to transfer title (official ownership) to real property (or an interest in real property) from one (grantor) to another (grantee) by a written deed (or an equivalent document such as a judgment of distribution which conveys real property from an estate). their experiences and concerns, firsthand first·hand adj. Received from the original source: firsthand information. first . At the same time, representatives from banks and financial institutions, along with small business/economic development advocates are being surveyed to gain broad based input from across the state. This data will be critical in the development of an overall Minority Business Strategic Plan produced at the end of the year. M. Davis & Company, Inc, a minority-owned market research firm, has been commissioned to conduct research and develop important components of the overall strategic plan. The survey may be completed via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the or by mail. Minority business owners along with representatives from banks and financial institutions, and the small business/ economic development advocates are instructed to go to www.mdavisco.com to complete the survey, or call 800/842-4836 if they have any questions related to the survey or the initiative. |
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