According to information recently released from the Michigan Black
Chamber of Commerce, minority and women-owned businesses have been shut
out of the economic revitalization that has been on the rise in Detroit
in recent years.
Chef Marcus Samuelsson, owner of Red Rooster restaurant in Harlem, will
receive the 2013 Spirit of Africa Award. The celebrated chef,
entrepreneur and author will be honored at the fourth annual Self-Help
Africa Change-Maker’s Gala Ball on October 25.
The majority of Togo's women and children live much like Washington
entrepreneur Olowo-n'djo Tchala lived throughout his childhood, crowded
into tiny homes and forced to eke out a paltry existence from the land.
Thanks to Tchala's smart use of one of Togo's most abundant resources,
however, that is changing. His U.S.-based company, Alafia, employs over
4,500 Togolese workers in the manufacture of shea butter, a prized
ingredient in many beauty products sold in the West.
President Obama recently declared that small businesses are
vital for the growth of the U.S. economy. According to
business data, this economic sector was awarded about $98.2 billion last
year. However, Black-owned businesses received only 7.2 percent, or
$7.1 billion, and Hispanic businesses were awarded just 8.4 percent, or
$8.21 billion. As market watchdogs point out, the awards given to these
groups are not reflecting their proportions to the total U.S.