Given the amount of attention the Affordable Care Act continues to
receive, and the many questions surrounding it, now is an opportune time
to examine the basics of this new legislation and how it affects
business owners and consumers.
It’s here again, bigger, earlier and as frantic as ever: Black Friday,
which now starts on Thanksgiving, unofficially kicks off the holiday
shopping season this week with a smorgasbord of shopping. Predictions for how much consumers will spend remain weak or modest, and
some analysts are saying this could be the worst holiday shopping
season since the recession.
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.
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.