MINORITY BUSINESS OPPORTUNITIES IN THE ESTABLISHMENT

We are now 15 years into a new century and the problems Black people experienced in the 20th century have not only carried over to the current century but, in certain ways has gotten worse. The fact that there is a disparity in wealth between the average Black family and white families has existed since the beginning of the country. The size of difference is far worse in operating black businesses. In a recent Survey of Black Owned Businesses conducted by the University of Texas for the Texas Association of African American Chambers of Commerce (TAAACC), the average yearly sales for Black Owned Businesses was $60,000 compared with an average of $1.2 million for all other businesses.

TEXAS: A WEALTH OF OPPORTUNITIES FOR HUB BUSINESSES

The state of Texas is one of the most prosperous states in the country. Not only does it have one of the largest geographic areas, Texas has the largest economic production per squre mile of any state in the United States. With six of the largest metropolitan cities in the county, Texas serves 26 million citizens with goods and services necessary to maintain its massive production. Economic activity in the state spans the gamut from agricultural production to manufacturing to petroleum production and refining to financial services and beyond. The services provided by the state constitutes a significant portion of its economic activity in the nation.