Entrepreneurial expansion for minority-owned business needs capital infusion. Yet growth of minority entrepreneurial firms is constrained by lack of capital, both debt and equity. With the potential of firms and their growth and need to gain support, billions of dollars are being contracted to Minority owned firms. The issue has never been more important with corporate goals and government goals at an all-time high. It is a process of goal-setting for both business and government.
Contracting needs capital.
Growth of minority entrepreneurial firms is constrained by lack of capital, both debt and equity. Ford is also encouraging its suppliers to have similar minority supplier development program. Daimler Chrysler requires that all of its primary, or Tier I, suppliers place at least six percent of their business with minority firms. When one adds the Hispanic, African American, Asian American, and gay market the figure on purchasing is well over one trillion dollars. There were 13 million self-identified adult gays and lesbians in 1999.