Category: Business & Finance

Highlight your business with the 8(a) Business Development Program

If you have a small company that is not earning enough or is at a disadvantage, the U.S. Small Business Administration (SBA) has a program that can help your business be more competitive.
The 8(a) Business Development Program provides assistance for small, disadvantaged businesses. It helps entrepreneurs who want to strengthen their companies and also helps them get exclusive government contracts.

Program benefits. Businesses that participate in the 8(a) program can: Receive sole-source contracts of up to $4 million for goods and services, and $6.5 million for manufacturing.

Gas prices are down a dollar in 47 states

All but three states have seen average gas prices fall at least $1 during the second half of 2014, according to data provided by AAA.

Gas prices dropped the most in Ohio, where the average price for a gallon was $2.03, a full $1.9 lower than it was on June 1, according to data provided by AAA’s Daily Fuel Gauge Report.
A number of factors have contributed to the plummeting price of crude oil worldwide since June, which has resulted in lower prices at the pump.

Generally, money saved at the pump is money in consumers’ pockets, so in that sense the drop in oil prices has been…

Hispanics are optimistic about their financial future

Hispanics are fairly optimistic about their financial future, believing they have the power to make their dreams a reality and that everyone has an equal opportunity to succeed, according to the Elements of Success Study, commissioned by Northwestern Mutual. At the same time, Hispanics are financially motivated by the need to be prepared for the unexpected, knowing their families will be protected.

The study suggests there are definitive differences in how Hispanics view their education, career and finances. In terms of education, Hispanics appear to place greater emphasis than the…

2014 MED Week concludes with Awards Banquet

Philander Smith College was the setting for the final event of the Little Rock Regional Chamber’s 32nd Annual Minority Enterprise Development Week, the college presented and hosted the Little Rock Regional Minority Business Awards Luncheon.

The event was held on September 22, featured founder and producer of Private Stock Studio LLC, and nationally-known actress and comedienne Phyllis Yvonne Stickney. Little Rock Chamber Executive Committee member Myron Jackson, whose company,

The Design Group, presented MED Week, served as master of ceremonies for the lunch and presented awards to…

Hispanic Women learn at Business Boot Camp

Accion Arkansas an extension of Accion Texas Inc., a nonprofit, multi-state micro-and small business lender that specialized in credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources empowered Arkansas Hispanic women with the first financial workshop ‘en Español’.

Organized by the Little Rock Regional Chamber of Commerce, “Emprendedoras 2014″ a Hispanic Women Conference was a sounded success with over 30 entrepreneurs attending and served as the Chamber’s first MED Week 2014 event.

Maura Lozano-Yancy, president & CEO of…

Blacks, Hispanics and women lose ground at tech companies

Tech giant Apple earned some embarrassing headlines after releasing data revealing that they are still employing primarily white and Asian men in their best-paying jobs. It appears that, for all of Apple CEO Tim Cook’s tweeting about how “inclusion inspires innovation,” significant disparity between the rhetoric and the reality remains.

While Apple’s striking demographic data is not unlike that of many other tech firms, the report was an uncomfortable reminder of how the tech world one of the most exciting, lucrative segments of the American economy can look a lot like an…

CGWG, Borkowski to offer free legal training in Spanish to Hispanic community

The law firm of Cross, Gunter, Witherspoon & Galchus, P.C., (CGWG) is known for preventive law strategies and exceptional educational programs. These trainings are offered to employers and human resources professionals around the state to help minimize exposure to lawsuits and liability in the workplace.

For the first time ever, CGWG is offering its popular Basic Supervisor Training in Spanish for Central Arkansas employers. The basic Supervisor Training, developed by the attorneys at CGWG, is designed to help companies avoid legal action resulting from common Human Resources issues,…

Ben E. Keith expanding, adding jobs

Ben E. Keith, a distributor of food service products, announced plans to build a new, expanded North Little Rock facility.

The company will invest $60 million in a new 300,000-square-foot facility that will be the company’s Mid-South Regional Headquarters. Through the expansion, the company will add 74 new jobs and retain 260 current jobs at an average wage of $33.75 per hour.

The expansion is made possible through a $1.5 million grant through the U.S. Commerce Department’s Economic Development Administration (EDA). Matt Erskine, EDA’s deputy assistant secretary of…

Key points to build and grow your business

The Hispanic community has tremendous opportunities for growth, consistently creating new businesses, but many new companies fail because they don’t consider the details and taxes involved with owning and running a business. Inspiration and hard work are the first steps on the road to success, but there are practical considerations too. A business owner is allowed other deductions, mileage, telephone, equipment, exclusive business use of your home, retirement plan contributions, etc.

In this country you don’t need to do much paperwork to start a business, but it’s important to…

Find a career that is recession-proof

Even though no career path is absolutely immune to economic fluctuations, there are those that can weather the ups and downs much better than others. Rather than find yourself on the unemployment line the next time government officials take to the airwaves with poor economic news, it could pay to get into a career that’s a bit more secure for the long haul.

Certain factors indicate that a career can ride out a recession. These include jobs that are in high demand, ones that require special skills, positions that continue to provide goods and services despite what is going on in the…