Time to Startup!

The BizFilings blog covering business tips and trends.

NYC Mayor: Renew Focus on Minority- and Women-Owned Firms

Mar 8, 2011, 08:27 AM by
Read 'NYC Mayor: Renew Focus on Minority- and Women-Owned Firms' at 'Time to Start Up,' the small business blog by BizFilings.
In his weekly radio address delivered Sunday, New York City Mayor Michael Bloomberg expressed the need for the city to invest in small businesses, particularly those owned by minorities and women, in order to advance the city's already bustling economic recovery. Bloomberg credited the vibrant small business sector as being the major reason the Big Apple was able to recover from the economic recession with relatively greater ease than most other cities and states. "Our administration has actively encouraged city agencies to step up the business they do with qualified minority- and women-owned companies - and those efforts have paid off," the mayor said. "Since 2006, more than 26,000 city contracts valued at nearly $1.9 billion have been awarded to businesses taking part in the City's MWBE program." One of the measures Bloomberg announced Sunday is a program that will provide immigrant business owners with the opportunity to take business courses in their native Chinese, Russian, Korean or Spanish. The mayor also announced a new competition that will challenge communities to come up with ideas to help immigrant businesses compete on a level playing field. A recent CheckPoint HR survey found 39 percent of small to mid-sized businesses in the tri-state area plan to hire this year, compared to a nationwide CareerBuilder survey which found only 21 percent of SMBs plan to add workers in 2011.

Additional resources on starting a woman-owned business:

Business Resources for Women Entrepreneurs A Guide to Starting and Running a Woman-Owned Business