The adage of “you have my word,” may soon be replaced with something
akin to “you have my bond”, especially when it comes to small minority
and women business enterprises (M/WBE’s) hoping to land multi million
dollar state and federal contracts.
As a PAL little league coach in the 80’s, I was amazed at how many of
our players (my son included, who is now 27, married and a father),
were such big fans of Hall of Fame Chicago Bulls guard Michael Jordan -
especially making it a point to discuss the amount of money he and
other NBA all-stars were paid playing a game.
Since taking the helm of the Small Business Administration last April,
businesswoman Karen Mills has drawn praise for aggressive moves to try
to boost lending to small firms amid a deep economic downturn.
The African Diaspora Marketplace, a joint initiative of Western Union Co. and the U.S. Agency for International Development that helps to develop sustainable small and medium-size enterprises in Sub-Saharan Africa, awarded grants to 14 U.S.-based African entrepreneurs to fund projects in their home countries.