With visions of a U.S. auto industry that is innovative, competitive and far less dependent on oil, the Obama administration has pumped more than $12 billion to date into vehicle technologies, speeding up innovation in electric-drive, advanced combustion, sustainable biofuels, natural gas and fuel cells.
In today’s tumultuous economic environment, when survival is paramount, it is difficult for businesses to argue that a specific function, program or initiative should be considered “sacred” and left untouched.
In 1998, St. Lucia, a beautiful island in the Caribbean, rich in natural resources, was a “best-kept” secret. Twelve years later, the island is a popular tourism destination, dotted with luxury developments, chain hotels and a compromised ecosystem.
Spring has sprung! You’ve been anxiously waiting to take that vacation with your family, significant other, or even alone. Looking to relax and commune with nature?
The statistics are discouraging. A survey by Smith Travel Research, an independent research company focusing on the U.S. lodging industry, found that American hotels had a record-low 45.1 percent occupancy rate — the lowest for the month of January since 1987. Yet many hotels owned by Blacks have found new ways to attract guests locally and new business opportunities internationally.
Care Cab L.L.C. operates in the fast-growing market for non-emergency transportation. Paul J. Ravenell bought the company two years ago from its previous owners, who had run it for four years.
If you’re a businessowner looking to get a piece of the $150 billion that the country’s transportation system received in economic stimulus funds, or if you’re looking for a job in the transportation industry, you may want to follow the TIGER.
In the heart of New York City’s East Harlem community known as “El Barrio,” there is a new mecca, the FB Lounge, where authentic improvisational Afro-Caribbean and Latin music resides.
You own a small retail business and you plan major improvements to the premises. You apply for a loan at the bank you’ve been using for years. It’s the first time you’re applying for a loan but you’re not bothered by all the hand-wringing over tightening credit. All of your financial statements are in order, your checking account has a decent balance and the business is profitable.
With big banks extending fewer loans to small businesses, community banks are emerging as the best hope for these businesses as they seek credit to help them grow and expand.