Women-and Minority-Owned Businesses Adapt to New Economy

"Women and minority companies adapt to the new economy" "Yvette Armendariz's" Women and ethnic minority companies adapt to new economies "is an article I found in the archive of the Arizona Republic (October 6, 2002 ). As the title suggests, after September 11 attacks in New York, companies owned by women are adapting to the new economy and the economy.

Is the minority business good for our economy? According to the survey, ethnic minority enterprises have contributed heavily to our economy, otherwise the economy will decline given that the contributions of ethnic minority enterprises will be close to a billion dollars . With the help of the American Small Business Association, entrepreneurs can succeed from their desire, which brings many new jobs to our society. Immigration also had a major impact on the US economy. Immigrants have positive and negative effects. Employers save money by hiring immigrants with shorter working hours than regular Americans. But by doing so, many Americans are out of work or can not find a job.

Proactively reflecting how the minority group affects the economy is the fact that minorities bring new business to the economy. A small number of entrepreneurs used to start small business is Small Business Administration (SBA). The Small Business Administration (SBA) is an independent agency of the federal government. SBA is using itself as a valuable tool used by minority entrepreneurs to overcome barriers owned by companies and to help create more diverse business markets. SBA said, "SMEs are America 's most powerful opportunity and the driving force for economic growth." SBA helps economic growth by financing for minority projects and developing more diverse markets for products and services.