The Latino-Small Buisness Boom

[amsterdam]

Just thought I would throw out a little more good economic news for all you ill-informed, closed minded, (perhaps slightly retarded) folks who always talk about this imaginary horrible economy. Get a grip.:thumbsup:

http://www.washingtonpost.com/wp-dyn...100532_pf.html

amsterdam Reviewed by amsterdam on 03-23-2006. The Latino-Small Buisness Boom Just thought I would throw out a little more good economic news for all you ill-informed, closed minded, (perhaps slightly retarded) folks who always talk about this imaginary horrible economy. Get a grip.:thumbsup: http://www.washingtonpost.com/wp-dyn/content/article/2006/03/21/AR2006032100532_pf.html Rating: 5

[amsterdam]

I thought people would be happy that some of the minorities in this country making it in this horrible, mean, America??? LOL!!!! Guess not.

[Breukelen advocaat]

The article indicates that much of their success is due to the government contracts that are given to minority-owned businesses.

â??Growth is even faster in the Washington area, where the number of Hispanic-owned companies has increased by 67 percent from 1997 to 2002, the most recent year available, reflecting both the region's vibrant economy and the surge of Latino immigrants to the region. The overall growth rate for new businesses in the region was 15 percent.â?�
â??Hispanics in the District and its suburbs have launched scores of government-contracting companies that get business through the federal program that sets aside work for small and minority-owned businessesâ?�
â??Fernando Galaviz started his Arlington-based systems integration company in 1988. Through an acquisition and the 8A small-business and minority program, which assists businesses owned by U.S. citizens, the native of Mexico City was able to win work that turned his company, Centech Group Inc., into a thriving government contractor with $71 million in revenue and 367 employees.â?�
â??The government is the marketplace hereâ?¦â?¦â?¦â?�