National ACE’s Post

Minority-owned small businesses are fundamental to the State of California’s economy, constituting 1.9 million, almost half, of the state’s 4.1 million businesses. In 2020, these businesses contributed $414 billion to California’s economy, supported 3.6 million jobs each year (15% of total state employment), and had a “value added” of $252 billion-larger than the economy of 23 other U.S. states.  These figures, the most detailed estimates of California’s minority-owned small businesses, comes from the recently released “2024 Small Business Economic Impact Study” commissioned by CalAsian Chamber of Commerce, California African American Chamber of Commerce and the California Hispanic Chambers of Commerce.  Read the full report here: https://lnkd.in/gTG2U2k4 #SmallBusinessEconomicImpactReport #OSDSBusinessOutreach #SmallBusiness #DisabledVeteranBusinessEnterprise #Procurement 

Thank you, GO Biz California for a wonderful week at Hannover Messe, Germany. Patricia, you went above and beyond hosting our California exhibitors showcasing the latest innovations from our beautiful state. California remains the 5th largest economy in the world since 2017. California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis (BEA). On a per capita basis, California is the second largest economy in the world. The U.S. far outpaces the rest of the world. The United States is still by far the largest economy in the world with a nominal GDP of more than $27 trillion. Based on IMF and BEA data, California, Texas, New York, and Florida remained in the top 20 economies of the world. California GO Biz offers over $3B in various financial opportunities to businesses. Find what works best for your company with a free consultation from experts in every field of business in the state. https://lnkd.in/gqt4ZPqQ

Almost half of the nations businesses have considered closing their doors in the last 12 months 🚪 The Australian Chamber of Commerce & Industry (ACCI)’s latest survey on small business conditions highlights the significant struggles faced by the majority of the nation’s businesses. A striking 82% of small businesses have reported that red tape is having either a major or moderate effect on their operations, with 61% of those surveyed noting that red tape has increased over the past 12 months. Read full article below ⬇ #SABusinessChamber #ACCI #CloseOfBusiness

🔔 Did you know that 99.9% of all businesses in the United States are small businesses? Quite an impressive statistic, highlighting the immense contribution of small enterprises to our economy. #SmallBusiness #USBusinesses #EconomicImpact

The Atlanta Black Chambers Government Affairs Committee is hosting a roundtable to bring together key voices to explore how set-aside legislation can level the playing field for small businesses, promote economic growth, and ensure a more equitable business environment across our state. To help provide a level playing field for small businesses, the federal government limits competition for certain contracts to small businesses. Those contracts are called “small business set-asides,” and they help small businesses compete for and win federal contracts. Some states with set-asides for small businesses include: Maryland, New York, Pennsylvania, New Jersey, Virginia and Connecticut. Our goal is to develop a unified strategy to encourage Georgia legislators to enact policies that provide small businesses with greater opportunities to compete for government contracts. Small Business Roundtable: Advocating for Set-Aside Legislation in Georgia Date: October 8, 2024 Time: 1 p.m. - 3 p.m. Location: Russell Innovation Center for Entrepreneurs, 504 Fair St SW, Atlanta, GA 30313 RSVP early because the room will be packed. Link in comments below.👇🏾 Your insights and expertise will be crucial in shaping this initiative. #montinaspeaks

This is a quick scan of graphs so if you want to dig into the details, too, the citations are included for your further research.

The Atlanta Black Chambers Government Affairs Committee is hosting a roundtable to bring together key voices to explore how set-aside legislation can level the playing field for small businesses, promote economic growth, and ensure a more equitable business environment across our state. The federal government limits competition for certain contracts to small businesses to help provide a level playing field. Those contracts are called “small business set-asides,” and they help small businesses compete for and win federal contracts. Some states with set-asides for small businesses include: Maryland, New York, Pennsylvania, New Jersey, Virginia and Connecticut. Our goal is to develop a unified strategy to encourage #Georgia legislators to enact policies that provide small businesses with greater opportunities to compete for government contracts. Small Business Roundtable: Advocating for Set-Aside Legislation in Georgia Date: October 8, 2024 Time: 1 p.m. - 3 p.m. Location: Russell Innovation Center for Entrepreneurs, 504 Fair St SW, Atlanta, GA 30313 RSVP early because the room will be packed. Link in comments below.👇🏾 #montinaspeaks

Impact of Diverse Businesses in California 📈 Did you know minority-owned small businesses are a driving force in our state’s economy? 🌟 ✨ 1.9 Million Minority-Owned Small Businesses ✨ $50.2 Billion in Federal and State Tax Revenue Generated ✨ 3.6 Million Jobs Supported These numbers highlight the vital role diverse businesses play in California’s economic success. Let’s continue to champion and uplift our minority entrepreneurs! This report was commissioned by the California Asian Pacific Chamber of Commerce, California African American Chamber of Commerce, California Hispanic Chambers of Commerce, and Beacon Economics LLC. Funded by SoCalGas, San Diego Gas & Electric, and Kaiser Permanente. Learn more at the link below! 🔗 https://lnkd.in/gbQ4Tnt7 #SupportSmallBusiness #DiverseEconomy #CaliforniaBusinesses #MinorityOwned

20% of new businesses fail in their first year. Phew! I made it! Here's to another year working with businesses to help them grow. Here's to the other 5.51M small businesses in the UK contributing massively to our economy. And here's to those in the 20% that will pick themselves up, rethink and go again! #salesgrowth #SME #UKeconomy

For Small Business Month, we’d like to highlight an impressive statistic: Small businesses account for 44% of U.S. economic activity. It's a testament to their critical role in our economy. Championing small businesses isn't just good karma; it's smart economics. Keen Insites is proud to be a small business who supports, works with, and collaborates with other small businesses. #SmallBusinessPower #SmallBusinessMonth #SBM