the heart of america luncheon
DESCRIPTION
The Heart of America Luncheon. Presented By. The Minority Business Roundtable. In A Strategic Alliance With. Access America/US Chamber Of Commerce. TAKING your MINORITY BUSINESS TO THE NEXT LEVEL. Capitalizing on the Growing Resources of the Nation’s Leading Minority CEOs. - PowerPoint PPT PresentationTRANSCRIPT
The Heart of America Luncheon
Presented By
Access America/US Chamber Of Commerce
The Minority Business Roundtable
In A Strategic Alliance With
TAKING your MINORITY
BUSINESS TO THE NEXT
LEVEL
Capitalizing on the Growing
Resources of the Nation’s Leading
Minority CEOs
Working to Represent the Issues Affecting ALL Minority Businesses
Supporting Positive Change and Creating New Minority Business
Growth and Funding Opportunities
Our Vision
To serve as a unified voice of change for minority businesses in the United States
EconomicallyEconomically, Politically, Socially
WALL STREET WITHOUT WALLS AND MBRT work together to bring financial services to minority
businesses
Our Vision
To serve as a unified voice of change for minority businesses in the United States
Economically, PoliticallyPolitically, Socially
MBRT SUPPORTS PRESIDENT’S JOBS AND GROWTH PLAN (More jobs and a stronger economy)
Our Vision
To serve as a unified voice of change for minority businesses in the United States
Economically, Politically, SociallySocially
A new initiative to support servicemen and women with employment and expand minority business opportunities
with the Department of Defense
To advance opportunities for minority entrepreneurs in the public and private sectors
To work across racial, ethnic, and cultural lines to promote greater economic participation
To inform and influence national public policies on issues of critical importance to the minority business community
Our Goals
Growth By States
Source: U.S Dept. of Commerce
By 2025, the Minority population will exceed the non-Minority population in 5 states.
• California*
• District of Columbia
• Hawaii
• New Mexico
• Texas “These five states will
represent one-fourth of the total U.S. population…and 13 more states will be over one-third Minority.” [MBDA]
“Most of the population increase for Minority groups will occur in the West or South.” [MBDA]
90% of population growth in United States over the next 50 years will come from the minority population—118 million out of a total 131 million. [MBDA]
“The Minority population most likely will surpass the non-Minority population after 2050.” [MBDA]
Minority Population Growth
Percent Increase in Population: 1995 to 2050
50
169
7
8395
267 258
0
50
100
150
200
250
300
Total Minority Non-Minority
Black NativeAmerican
AsianPacificIslander
Hispanic
Percent Increase in Population: 1995 to 2050
50
169
7
8395
267 258
0
50
100
150
200
250
300
Total Minority Non-Minority
Black NativeAmerican
AsianPacificIslander
Hispanic
Source: U.S. CensusBureau 1996
Minority-owned firms grew by 17% from ’87 to ’97 – six times the growth rate of all US companies – yet they receive only 2% of all private equity investment.
Minority Business Growth
Source: SBA Office of Advocacy: “Minorities in Business”
Annualized Growth Rates 1987-1997
1711
2318
34
11
4246
0
10
20
30
40
50
All MinorityFirms
Black Hispanic Asian/NativeAmerican
Pe
rce
nt
Firms Sales
Annualized Growth Rates 1987-1997
1711
2318
34
11
4246
0
10
20
30
40
50
All MinorityFirms
Black Hispanic Asian/NativeAmerican
Pe
rce
nt
Firms Sales
In 1997, 4.5 million employees worked in 3.04 million minority-owned businesses, which generated $591.3 billion in revenue annually. [MBDA]
Impact on U.S. Economy
Annual Revenue per Business
250
130
70
0
50
100
150
200
250
300
Asian/NativeAmerican
Hispanic Black
Do
llars
in T
ho
us
an
ds
Annual Revenue per Business
250
130
70
0
50
100
150
200
250
300
Asian/NativeAmerican
Hispanic Black
Do
llars
in T
ho
us
an
ds
Source: SBA Office of Advocacy: “Minorities in Business”
The nation’s black buying power rose from $304 billion in 1990 to $469 billion in 1996—up by 54.2% in six years
The nation’s Hispanic buying power has risen even more—from $211 billion in 1990 to $348 billion in 1997—up 65.5% in seven years
combined Native American, Hispanic, Asian American and Black consumers have an annual spending power of more than $1 trillion.
By 2045, minority purchasing power may reach $4.3 trillion (1998 dollars).
Minority population may contribute 44%, or as much as 70%, of the total increase of purchasing power from 2000 to 2045.
Projected Minority Purchasing Power
Projected Minority Purchasing Power: 2000 to 2045
0
1
2
3
4
5
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045
Projected Minority Purchasing Power: 2000 to 2045
0
1
2
3
4
5
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045
Source: Bureau of Economic Analysis News Release: Personal Income and Outlays: January 2000
(Trillions of dollars)
Although minority groups represent 26% of the nation’s population, they own only 11.6% of the businesses and 6% of the total business gross receipts. [Milken Institute & MBDA]
Minority Business Challenge
Source: SBA Office of Advocacy: “Minorities in Business”
Population vs. Market Share
12.511
43.64.5
3.5
0
2
4
6
8
10
12
14
16
African American Hispanic Asian American
Pe
rce
nt
Percent of Population Percent of Firms
Population vs. Market Share
12.511
43.64.5
3.5
0
2
4
6
8
10
12
14
16
African American Hispanic Asian American
Pe
rce
nt
Percent of Population Percent of Firms
Minority population is where the growth is Minority consumer buying power is also increasing Minority businesses are growing six times as fast as
non-Hispanic white businesses However, minority businesses are not growing as fast
as the minority population due in part to a lack of access to capital
The Big Picture
MBRT – Who We Are
Members are: African-American-, Hispanic-American-, Asian-American-, and Native-American CEOs representing a variety of trades and industries
Members hold positions equivalent to chief executive officer (CEO) or chairperson in their respective businesses.
Minority Business RoundTable (MBRT), a registered 501(C) 3 non-profit corporation, is a national membership organization for of CEOs making up the largest minority businesses in the United States
ACHIEVE TANGIBLE RESULTS THROUGH UNIQUE PARTNERSHIPS AND ALLIANCESTHAT SUPPORT POSITIVE CHANGE
SODEXHO
The Business Roundtable
The Business Women’s Network
MBDA/The Department of Commerce
WALL STREET WITHOUT WALLS
ACCESS AMERICA/Us chamber of commerce
MBRT – Power in Strategic Partnerships
Expand participation of minority businesses in the economy
Provide networking opportunities for minority business leaders
Influence national policies of importance to minority businesses
Document minority business successes
MBRT Action Plans
Educate stakeholdersGovernmentMinority BusinessesCorporate AmericaConsumers
And Our Most Recent Initiative “Survey of Native American
Businesses”(in support of Job Creation, Homeland Security, Business
Development and Economic Growth in Historically Under-Utililized Business Zones (HUB Zones)
MBRT Announces Strategic Partnership with The National Congress of American Indians
Minority Business RoundTable (MBRT)
1300 Pennsylvania Avenue NW, Suite 270 Washington, DC 20004-3021
Roger A. Campos, President and CEO Tel: (202) 289-8881
Fax: (202) 371- 8686 [email protected]
Eve Boertlein, Program Coordinator Ph: (202) 371-8680 Ext. *824
Fax: (202) 371-8686 [email protected]
WEBSITE: WWW.MBRT.NET
Contact Information