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The ongoing investigation is targeting possible fraud in the minority-owned business programs in the city of Chicago and other municipalities, sources with knowledge of the probe told the Tribune.
By the 1970s, federal programs to promote minority business activity provided new funding, although the opening world of mainstream management in large corporations attracted a great deal of talent. Black entrepreneurs originally based in music and sports diversified to build "brand" names that made for success in the advertising and media worlds.
Lt. Gov. Austin Davis and Department of Community and Economic Development Secretary Rick Siger join local leaders to tour small, minority-owned business The Wilson Group in Pittsburgh on Dec. 16 ...
According to the 2022 Annual Business Survey from the U.S. Census Bureau, 1.2 million or 21 percent of employer firms are minority-owned. They’ve helped create nearly five million new jobs and ...
The National Black Chamber of Commerce (NBCC) was incorporated as The National Black Chamber of Commerce, Inc., in 1993.It is a nonprofit, nonpartisan, nonsectarian organization dedicated to the economic empowerment of African American communities.
Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American
In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
Alvin J. Boutte, Sr. (October 10, 1929 – April 1, 2012) was an African American banker and businessman in Chicago, Illinois. He was co-founder, CEO, and chairman of Independence Bank–the largest Black-owned bank in the United States in the 1970s–and its holding company, Indecorp, Inc., which reclaimed that title in the 1990s with more than $200 million in assets.