Mar 8, 2010

Less stimulus for minority businesses

An Associated Press ‘stimulus watch’ report says that minorities have received less stimulus proportionately than white-owned businesses.

Latinos and blacks have faced obstacles to winning government contracts long before the stimulus.

Latinos own 6.8 percent of all businesses and blacks own 5.2 percent of all businesses according to census figures.

Yet Latino-owned business have received only 1.7 percent of $46 billion in federal stimulus contracts recorded in U.S. government data, and black-owned businesses have received just 1.1 percent.

More here.