BBA News July 2010 by Black Business News Group

In This Issue... President’s Message…page 3 Commission on Fiscal Responsibility…page 6 Clean Energy Technologies page…13 California Recovery…page 17 Africa Focus...page 42

Dear AEG Partner: AEG is pleased to announce the launch of our new

Supplier Portal, an online communication tool designed to enhance the relationship between AEG and our partners. The portal is an online and paperless tool that will provide you with: Increased visibility for AEG business opportunities Extended Company Profile in online directory Direct email updates from AEG clients and buyers Easy accounts payable information sharing Increased exposure for MBEs, WBEs, and DBEs It is important that you register your business so that we have the ability to contact you for participation in future opportunities. Suppliers seeking to initiate business with AEG are encouraged to register as well. Registration is simple and we invite you to visit our Supplier Portal at your earliest convenience:

https://supplier.aegworldwide.com

President’s Message Earl “Skip” Cooper, II President/Chief Executive Officer

Accelerating Entrepreneurial Development

he Black Business Association (BBA) consistently attains superior methods and improved business models that help to accelerate solid growth of black-owned and operated business firms. The next few months promises to exemplify these efforts by offering accelerated development processes for small business enterprises to gain corporate interface time with lenders, classroom training and buyer matchmaking. For starters, in partnership with the U.S. CONGRESSWOMAN MAXINE WATERS, the BBA is presenting a ‘Lending Pavilion’ event for all small business owners. On August 17, 2010, the U.S. Small Business Administration, Pacific Coast Regional and the City of Los Angeles Minority Business Opportunity Center have collaborated to bring together some the areas finest financial lenders that can help with acquiring business expansion and startup capital. As a member of the U.S. Congress, representing the 35th District of California, the Honorable Maxine Waters for more than three decades has always been the most effective and efficient public servant for the people of the greater Los Angeles area. Ms. Waters is an active member of the House Committee on Financial Services, Chairwoman of its Subcommittee on Housing and Community Opportunity, and Subcommittee Member of Financial Institutions and Consumer Credit. Along with selected financial institutions, Ms. Waters has helped to assemble an array of lenders to inform and direct black-owned enterprise manag-

ers on the best strategies to position themselves to secure business development funding sources. The BBA is encouraging entrepreneurs to attend the ‘Lending Pavilion’ even if they are not currently seeking capital, because this is how contracts can begin by interfacing with corporate represents to share readiness of business wanting to activate larger deals. Particularly, the information in this economic climate will be most valuable for any business person wanting to learn about methods to get over unprecedented times in America. A key highlight of the Lending Pavilion is the opportunity to meet one-on-one with financial institution representatives and technical assistance providers regarding the lending processes. Each attendee will be able to know how to gain access to workable business loans. Secondly, the BBA in partnership with West Los Angeles College will kick-off its BUSINESS ENTREPRENEUR TRAINING INSTITUTE (BETI), on Wednesday, September 15, 2010. This is an intense 12-week training program that offers experienced and new entrepreneurs the most progressive ‘nuts and bolts’ information of operating a successful enterprise. The BBA is extremely proud of this new partnership with West Los Angeles College as it shows how when communities interact it can bring about positive social change. The participants of this program will be expected to meet a tangible goal and have results at the end of the twelve weeks. In the fourth quarter of 2010, the BBA is supported by over a three-dozen

Federal, State, and Local elected officials for our 7th ANNUAL PROCUREMENT EXCHANGE SUMMIT™. This extraordinary contracting program will take place on Thursday, November 4, 2010 at the Sheraton Gateway LAX Hotel. This full-day event accelerates and develops access to contracts with major utility, transportation, and other Fortune 500 firms. As in the past, we have step up the ability for entrepreneurs to meet with procurement professionals in a precise matchmaking environment within the venue. An event like this really helps managers and owners to create and keep a competitive edge in business since there are so many real buyers and those who directly influence the buying decisions present all day. Plus, there will be experts providing free workshops on marketing and financing proficiencies. Needless to say, this is a unique signature event for the BBA that always benefits every attendee. For details or more information on how to get involved with any of these ‘Accelerating Entrepreneurial Development’ programs, please feel free to contact the BBA office at (323) 2919334, or go online to the BBA website and click events from www.bbala.org. 

3  July 2010  Black Business News  www.bbala.org

Over 40 years of service Founded 1970 Kevin M. Caliup, Treasurer AIA/E-World Strategy Narishimah Osei, Parliamentarian Osei & Associates Gwen Moore, Director GEM Communications Candida Mobely-Wright, Director Voices, Inc. Angela Walton, Director Melador Technologies, Inc. Angela Reddock, Esq., Legal Counsel

Black Business Association P.O. Box 43159, Los Angeles, CA 90043 323-291-9334 Fax: 323-291-9234 www.facebook.com Search: Black Business Association mail@bbala.org www.bbala.org

PUBLISHER/EDITOR-IN-CHIEF Earl “Skip” Cooper, II

PRODUCTION MANAGER Narishima Osei

STAFF

CONTRIBUTING WRITERS

Ian Foxx ▪ Sabir • N. Osei

Earl “Skip” Cooper, II, President/CEO Kesha Vontreese, Administrative Consultant Steven Turner, Economic Development Editor Tony Hayward, Marketing Director

LAYOUT/TYPESETTING

CORPORATE PARTNERS

W. Gladney ▪ C. Collins

PHOTOGRAPHY

Lion Communications

AEG American Honda Motor Company AT&T Bank of America The Boeing Company California Lottery Citibank Coca-Cola Enterprises Comerica Bank Department of Water & Power Donald Sterling Corporation Fannie Mae  IBM

BBA BOARD OF DIRECTORS

Ted Davis, Chairman IsComp Systems, Inc. Nathan Freeman, Vice Chairman Figueroa Media Group, Inc. Eugene Jones, Secretary NVA Financial Group, Inc.

Kaiser Permanente  LAEDC Los Angeles World Airports Northrop Grumman Corporation Raytheon Company S.C.R.P.C. Sempra Energy Southern California Edison Swinerton Builders Toyota Motor Sales, Inc. Turner Construction Company Union Bank of California USBank  Verizon Walt Disney Company WellPoint  Wells Fargo Bank Lyceum Management Services, Ex Officio Hollis Smith, Ex Officio Paulette Williams, Ex Officio

AFFILIATES African American Unity Caucus Association of Black Women Entrepreneurs Black Women’s Network California Black Chamber of Commerce California Council of Black Chambers The Greenlining Institute Minority Business Enterprise Legal Defense & Education Fund National Black Business Council The National Association of African American Chambers of Commerce The National Black Chamber of Commerce Pan African Film & Arts Festival Recycling Black Dollars

2010 Events

February Black Business Awards Dinner - 36th Anniversary of the BBA March Salute to Black Women August BBA 40th Year Celebration November Utilities Procurement Exchange Summit & Awards Luncheon • Call for information •

323-291-9334 4  July 2010  Black Business News  www.bbala.org

About the BBA… Since 1970, the Black Business Association (BBA), a 501(c)(3) non-profit organization, headquartered in Los Angeles, has been instrumental in the incubation and development of more than 15,000 African-American businesses. Nationally, we have access and influence with more than 85,000 African-American-owned and women/ minority-owned firms via strategic alliances with more than 100 women/minority trade associations in more than 42 states nationwide.

___ Our Mission ___ The Black Business Association’s mission is to advocate and promote the development of African-American owned businesses with the goal of creating a firm economic base that support the self-determination and survival of the African-American and urban community by: •

Identifying and creating financial opportunities for the growth and stability of African-American owned businesses;

•

Being a community voice that advocates for the success of small businesses;

•

Being a conduit for the merging of resources, values, profits, technology and people;

•

Promoting development and support of minority business enterprises within the domestic and international economies by encouraging and generating greater access to market opportunities and capital;

•

Providing training for entrepreneurial professional development;

•

Supporting and contributing to the economic base and progress of the African-American community; and

•

Developing coalitions that support our political endeavors to effectively achieve public recognition and political influence for African-American business owners.

___ Advocacy ___ The Black Business Association maintains very effective working relationships with elected and appointed officials for the support of African-American business development. Locally, statewide and in Washington, DC, we are constantly aware of pending legislation that might affect our member’s businesses, their growth and even their ability to conduct business. When legislation is being considered that affects our mission, the BBA quickly mobilizes to work with key policy makers to support, defeat or modify the bill and pursue the BBA position. As an organization, we are constantly at the helm, securing innovative means and policies that protect our constituency and their business interests. 

In This Issue… 3

President’s Message Accelerating Entrepreneurial Development

6 8 10 13 17 35

Commission on Fiscal Reform Wall Street Reform MBDA News Clean Energy California Recovery Let’s Move!

Africa Focus Beyond the World Cup Kobe Bryant Visits Soweto Darfur Dream Team New Cocoa Agreement is a Sweet One

10,000 Small Businesses Initiative Launches

SBA News Economic Recovery Impact

Calendar

Columns 35 - Take A Look! 57 - Books to Consider...

BBA Action Alerts 02 - AEG Supplier Portal 17 - Help for Haiti 19 - NBA All-Star 2011 Call for Vendors Cover image - Sarah Harris U.S. Small Business Administration

2007 - Journalist of the Year Award Minority Business Development Agency

2010 - Media Firm of the Year

National Commission on Fiscal Responsibility and Reform Crisis in the Gulf, energy agenda, and job growth

resident Obama created the bipartisan National Commission on Fiscal Responsibility and Reform to address our nation’s fiscal challenges. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015. In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government. The Commission will meet as a whole once a month while Congress is in session. The Commission will vote on a final report containing a set of recommendations to achieve its mission no later than December 1, 2010. The final report will require the approval of at least 14 of the Commission’s 18 members.

Working Groups The working groups are operating under 41 CFR 1023.35(a) which permits subcommittees that do not report directly to a federal agency or official to meet without regard to FACA’s open meeting requirements. The working groups will report their findings directly to the Commission at regularly scheduled open meetings of the Commission. Discretionary Working Group The Discretionary Working Group will research and discuss issues related to discretionary spending. Mandatory Working Group The Mandatory Working Group will research and discuss issues related to mandatory spending. Tax Reform Working Group The Tax Reform Working Group will research and discuss issues related to tax reform.

Wednesday, July 28, 9:30 AM - 12:00 PM Wednesday, Sept. 29, 9:30 AM - 12:00 PM Wednesday, Nov. 10, 9:30 AM - 12:00 PM Wednesday, Dec. 1, 9:30 AM - 12:00 PM.

Contact the Commission The Commission website gives the public an opportunity to submit ideas and suggestions to the Commission on how to address the nation’s long-term fiscal challenge. Citizens are encouraged to e-mail suggestions to commission@ fc.eop.gov. Submissions may also be forwarded to the Commission at 1650 Pennsylvania Avenue NW, Washington, DC 20504. If you or your organization would like an opportunity to be a part of this series of public fora, please send an e-mail to commission@fc.eop.gov with the information below, and the commision staff will contact you as the upcoming meeting dates approach. Send: Name; Whether you will be representing an organization; What organization will you be representing; E-mail Address; Phone Number; Zip Code; Any additional information; Subject of your submisstion. 

Next Meetings of the President’s Bipartisan Fiscal Commission The bipartisan National Commission on Fiscal Responsibility and Reform will address our nation’s mid- and longterm fiscal challenges in a series of meetings in the Dirksen Senate Office Building, with video always streamed live at WhiteHouse.gov/live. View and read about archived meeting videos at www.fiscalcommission.gov/meetings. Upcoming Meetings

6  July 2010  Black Business News  www.bbala.org

www.fiscalcommission.gov

Quote of Note... “From now on, every American will be empowered with the clear and concise information you need to make financial decisions that are best for you.”

President Barack H. Obama

THE WHITE HOUSE Office of the Press Secretary

Executive Order -- National Commission on Fiscal Responsibility and Reform By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Establishment. There is established within the Executive Office of the President the National Commission on Fiscal Responsibility and Reform (Commission). Section 2. Membership. The Commission shall be composed of 18 members who shall be selected as follows: (a) six members appointed by the President, not more than four of whom shall be from the same political party; (b) three members selected by the Majority Leader of the Senate, all of whom shall be current Members of the Senate; (c) three members selected by the Speaker of the House of Representatives, all of whom shall be current Members of the House of Representatives; (d) three members selected by the Minority Leader of the Senate, all of whom shall be current Members of the Senate; and (e) three members selected by the Minority Leader of the House of Representatives, all of whom shall be current Members of the House of Representatives. Section 3. Co-Chairs. From among his appointees, the President shall designate two members, who shall not be of the same political party, to serve as Co-Chairs of the Commission. Section 4. Mission. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015. This result is projected to stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers. The magnitude and timing of the policy measures necessary to achieve this goal are subject to considerable uncertainty and will depend on the evolution of the economy. In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government. Section 5. Reports. (a) No later than December 1, 2010, the Commission shall vote on the approval of a final report containing a set of recommendations to achieve the mission set forth in section 4 of this order. (b) The issuance of a final report of the Commission shall require the approval of not less than 14 of the 18 members of the Commission. Section 6. Administration. (a) Members of the Commission shall serve without any additional compensation, but shall be allowed travel expenses, including per diem in lieu of subsistence, as authorized by law for persons serving intermittently in Government service (5 U.S.C. 57015707), consistent with the availability of funds. (b) The Commission shall have a staff headed by an Executive Director. Section 7. General. (a) The Commission shall terminate 30 days after submitting its final report. (b) Nothing in this order shall be construed to impair or otherwise affect: (i) authority granted by law to an executive department, agency, or the head thereof; or (ii) functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. (c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. .

BARACK OBAMA

7  July 2010  Black Business News  www.bbala.org

Waters Wins Big for Minorities, Women in Wall Street Reform and Consumer Protection Bill Efforts Protect Consumers, Empower Shareholders & Assist Homeowners

he Wall Street Reform and Consumer Protection legislation passed by the House includes a number of provisions introduced and championed by Congresswoman Maxine Waters (D-CA) to increase access and opportunities for minorities and women. “Many industries lack the inclusion and participation of people of color and women, perhaps none more egregiously than the financial services sector,” said Congresswoman Waters. “I wrote this legislation to make sure that federal financial regulatory agencies ensure diversity in their hiring and promotion, as well as in their contracting, so that competent and qualified minorities and women and minority-, womenand small-businesses have a seat at the table. Congresswoman Waters continued, “Since minorities were preyed upon by unscrupulous lenders and other financial actors and are at higher risk when the economy takes a down turn, I am pleased that my legislation to ensure access to affordable, safe insurance products and to study the impact of wind down on underserved communities is included in the legislation that passed the House today.” Increasing Access and Opportunity for Minorities The historic lack of racial, ethnic and gender diversity in the federal financial services agencies is well known and documented. Expanding opportunities for female and minority professionals is the right thing to do, not only out of fairness but also to best serve the needs of our diverse population. Additionally, predatory lenders deliberately and systematically preyed upon minority and

low-income individuals and helped cause this economic crisis. Implementing safeguards to ensure fair access, treatment and regulations for all is important to stabilize America’s financial system and economy. Office of Minority and Women Inclusion: Women- and minority-owned firms were largely overlooked for the contracting opportunities made available by the government’s historic intervention at banks and other financial institutions. Congresswoman Waters authored an amendment, adopted by the House-Senate conference, to create Offices of Minority and Women Inclusion at each of the federal regulatory agencies – including the Department of the Treasury, the Federal Reserve and the Federal Depository Insurance Company, among others – in order to ensure the racial, ethnic and gender diversity of the work force and senior management. The offices would also increase the participation of minorityowned and women-owned businesses in the programs and contracts of each agency. Protecting Minority Communities when a Financial Institution Fails: The final conference committee report includes a provision to wind down failing financial institutions that pose a risk to the economy. Congresswoman Waters wrote legislation that would require the appropriate federal regulatory agency to consider the economic impact of the default of the failing institution on minority and low-income communities, and to take steps to avoid or mitigate the potential adverse effects on these communities prior to winding down the financial institution. Ensuring Minority Access to Af-

fordable Insurance Products: Minority and low-income communities were targeted by predatory lenders and have felt the impact of the recession severely – particularly during the meltdown of the subprime mortgage industry and the subsequent burst of the housing bubble. The House-Senate conference created a Federal Insurance Office (FIO) at the Treasury Department to monitor all aspects of the insurance industry, including practices that create systemic risk. Congresswoman Waters wrote legislation to task the FIO with monitoring the extent to which underserved communities, and minority and low-income persons, have access to affordable insurance products. “This legislation has been designed to prevent another financial crisis, to reform how Wall Street and the nation’s major financial institutions operate, and to protect American consumers from predatory loans, excessive bank charges and credit card fees. Families and small businesses on Main Street in cities and towns across the country will benefit from our efforts to hold Wall Street accountable,” the Congresswoman said. Congresswoman Waters served on the House-Senate conference committee that crafted the conference report by reconciling differences between House and Senate versions of the legislation. She negotiated with her colleagues, among both Democrats and Republicans, to include these provisions and others in support of the following priorities: • Helping Homeowners • Empowering Shareholders and Preventing Conflict of Interest

9  July 2010  Black Business News  www.bbala.org

see Wall Street on page 31

Minority Business Development Agency - Business Development News Minority Enterprise Development (MED) Week MED WEEK 2010

The Disaster Contracting Assistance Center (www.disastercontractingassistance.gov) provides a central point of reference for businesses, especially minority-owned businesses, womenowned businesses and small- and medium-size enterprises, to register for and become aware of federal contracting opportunities. While the DCAC does not award contracts, our mission is to ensure that businesses understand the process and are aware when opportunities become available.

August 23 - 27, 2010 Omni Shoreham Hotel Washington, DC

ational MED Week is the major conference dedicated to empowering minority business owners with the knowledge and tools necessary for success. The theme for MED Week 2010 is “Strategies for Growth and Competitiveness in the Global Economy”. www.mbda.gov

New Advisory Council Established

Disaster Contracting Assistance Center (DCAC)

he Department of Commerce announces the establishment of the National Advisory Council on Minority Business Enterprise (NACMBE). The purpose of the NACMBE is to advise the Secretary of Commerce on key issues pertaining to the growth and competitiveness of the nation’s Minority Business Enterprises (MBEs).

Contractors Wanting to Assist in Cleanup in the Aftermath of a Disaster If you are a small business interested in helping with Federal response to a disaster, you will do three things: FIRST STEP: Register in the Central Contractor Registry at www.ccr.gov. Once you have accessed the website, go to “Help” link on the top of the page and read the CCR Handbook. It will tell you all the information you will need to register. To begin your registration go to the CCR Home page and select “Start a New Registration” on the left hand side of the page. At the end of the registration, small business will be asked to complete SBA’s Supplemental Page. For information on registration assistance, contact:

Toll-Free Phone Nbr: 1-888-227-2423 Outside U.S.: 1-269-961-5757 DSN: 661-5757 CCR Email: ccr@bpn.gov Hours of Operation are 9 - 5 (EST) Monday - Friday. Voice mail messages will be taken if all lines are busy; all calls will be returned. SECOND STEP: Register in FEMA’s Debris Removal Contractor Registry (DRCR): https:// asd.fema.gov/inter/nerr/home.htm. FEMA has established a web-based Debris Removal Contractor Registry (DRCR), specifically for state and local governments to use to identify and pre-qualify available debris removal contractors. For questions or technical difficulties, please email fema-rims@ dhs.gov. All vendors interested in doing business with FEMA should send an e-mail to FEMA-Industry@dhs.gov. THIRD STEP: The Army Corps of Engineers also has its Disaster Resource Contractor Registry at http://www.lrl.usace.army. mil/DisasterEquip/ (firms must also be register in CCR). The Corps of Engineers has developed this contractor registry for assistance with their disaster response mission. The Corps of Engineers uses its engineering and contracting capabilities to support FEMA and other Federal, State and local government agencies in a wide variety of missions during natural and man-made disasters. Information in this registry will be used by Corps of Engineers offices that are looking for specific goods or ser-

10  July 2010  Black Business News  www.bbala.org

President Barack Obama is briefed about the ongoing response to the BP oil spill by, from left, Carol Browner, assistant to the President for energy and climate change, National Incident Commander Admiral Thad Allen, and Senior Advisor Valerie Jarrett, aboard Air Force One en route to the Gulf Coast. (Official White House photo by Pete Souza)

vices during emergencies. Submission of information is voluntary. Information will be considered For Official Use Only within the Federal government. Submission of information to this registry DOES NOT expressly or implicitly commit the Federal government to procurement of products or services. For any questions regarding the Army Corps Contractor Registry, please email disasterresponsereg@ lrl02.usace.army.mil. Also, the following resources are available for assistance. FEDBIZOPPS Once you have registered with CCR, you can go to www.fedbizopps.gov. This is the single government point-ofentry for Federal government contract opportunities over $30,000. Managed

by the General Services Administration, FedBizOpps allows businesses to sign up for e-mail notification of open contracts related to specified fields. At the website, on the right hand side, under Related Links, click on “Vendor Notification Services”, which will allow you to receive email alerts by contract number, classification or all contract notices. Information on registration assistance: You can reach the FedBizOpps Help Desk by clicking on the “Help Desk” link on the bottom of the FEDBIZOPPS web page, calling 877-472-3779 or sending an email to fbo.support@gsa.gov. The Help Desk is open between 8am and 6pm EST (M-F). Procurement Technical Assistance

Centers (PTACs) PTACs form a nationwide network of procurement professionals dedicated to providing you: www.aptac-us.org An understanding of the requirements of government contracting, and the know-how to obtain and successfully perform federal, state and local government contracts. At little or no cost, PTACs provide a wide range of assistance covering every phase of government contracting – from initial registrations through contract completion. Small Business Development Centers Offer One-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in local, easily accessible branch

11  July 2010  Black Business News  www.bbala.org

see MBDA.GOV on page 13

This is the event of the year. SAVE THIS DATE and get your tickets early. To receive your invitation, send your name, organization and address to 100BMLA@pacbell.net. Fred Calloway, Gala Chairman Cliff Johnson, Gala Co-Chairman Dr. Anthony Asadullah Samad, Gala Co-Chairman and Awards Chairman Donald A. Lancaster, Esq., President and Chairman of the Board This event is sponsored by Wells Fargo Bank

Business Development:

Move to Clean Energy: $2 Billion in New Investments to Help Build a Clean Energy Economy

he Department of Energy is awarding nearly $2 billion in conditional commitments to two solar companies. The first is Abengoa Solar, a company that has agreed to build one of the largest solar plants in the world right here in the United States. After years of watching companies build things and create jobs overseas, it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America. In the short term, construction will create approximately 1,600 jobs in Arizona. What’s more, over 70 percent of the components and products used in construction will be manufactured in the USA, boosting jobs and communities in states up and down the supply chain. Once completed, this plant will be the first large-scale solar plant in the U.S. to actually store the energy it generates for later use – even at night. And it will

MBDA.GOV from page 11

locations. For any other contracting opportunities, please contact the state, county, or other local municipalities in the area that you would like to do business in, to find out what is available and what their requirements may be. 

generate enough clean, renewable energy to power 70,000 homes. The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs. A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-ofthe-art solar panels each year. These are just two of the many clean energy investments in the Recovery Act (www.energy.gov/recovery). . Already, I’ve seen the payoff from these investments. I’ve seen onceshuttered factories humming with new workers who are building solar panels and wind turbines; rolling up their sleeves to help America win the race

for the clean energy economy. So that’s some of what we’re doing. But the truth is, steps like these won’t replace all the jobs we’ve lost overnight. I know folks are struggling. But we are a nation that has always risen to the challenges before it. We are a nation that, 234 years ago, declared our independence from one of the greatest empires the world had ever known. We are a nation that mustered a sense of common purpose to overcome Depression and fear itself. We are a nation that embraced a call to greatness and saved the world from tyranny. That is who we are – a nation that turns times of trial into times of triumph – and I know America will write our own destiny once more. Thank you, God Bless You, and God Bless the United States of America. 

www.mbda.gov

13  July 2010  Black Business News  www.bbala.org

www.whitehouse.gov

$30 million in funding from the Recovery Act and FY 2010 budget appropriations will be made available to qualified small businesses to support the commercialization of promising new technologies. This is the first time DOE has offered Phase III awards under the Small Business Innovation Research program (SBIR) and the Small Business Technology Transfer program (STTR). Small companies previously awarded Phase II grants through these programs are eligible. Projects that include developed technologies with a strong potential for commercialization and impact on U.S. manufacturing and job creation are encouraged to apply. Successful applicants may receive up to $3 million over three years to research, develop, and deploy new technologies. The deadline for submission of applications is August 4, 2010, at 8pm EST. Information regarding applications is available in the funding notice section at: http://www.er.doe.gov/sbir/. For more information about the DOE FY 2010 Phase III Xlerator Program please visit http://www1.eere.energy.gov. Applications are currently being accepted for the following technology areas of interest: Biomass Technologies 1.Harvesting/Dewatering Technology for Algal Biofuels Production. Buildings Technologies 1. Transitional Technology for Organic Light Emitting Diodes (OLEDs) 2. SSL Products made from Organic Light Emitting Diodes (OLEDs) 3. â&#x20AC;&#x153;Coreâ&#x20AC;? Technology for Organic Light Emitting Diodes (OLEDs) Fuel Cell Technologies 1. Advanced Materials for Fuel Cell Technologies 2. Bio-Fueled Solid Oxide Fuel Cells Geothermal Technologies, High Temperature Tools and Sensors 1. High Temperature Downhole Tools 2. High-Temperature-High-Volume Lifting 3. High Temperature Downhole MWD Tools for Directional Drilling Industrial Technologies 1. Sensors and Controls 2. Industrial Membrane Process Systems 3. Advanced Materials 4. Integrated Reaction-Separation using non-thermal processes 5. Mitigation of Heat Losses, Fouling, and Scaling in key Manufacturing Unit Operations. Solar Technologies - Lowering the Cost of Photovoltaics through Innovative Augmentation 1. Lightweight, Flexible and Low Cost Multi-junction Solar Cells 2. Static Module PV Concentrators 3. New Methods of Crystallizing Silicon Vehicle Technologies 1. Technologies to Address Internal Heating in DC Bus Capacitors 2. Improved Magnetic Materials for Motors 3. Advanced Materials for Lightweight Vehicles Wind Technologies 1. Advanced Wind Power Technologies and Systems Fossil Energy 1. Pollution control 2. Advanced power systems 3. Stationary power fuel cells 4. Clean fuels 5. Carbon sequestration 6. Recovery of oil, natural gas, and methane hydrates 7. Advances in materials, sensors, monitors, controls, biotechnology, and computational processes Electricity Delivery and Energy Reliability 1. Smart Grid Technologies and Systems 2. Electric Transmission Technologies 3. Superconducting Technology for Power Equipment 4. Advanced Materials for Power Electronics and Energy Storage Nuclear Energy 1. Advanced Instrumentation and Control, Radiation Resistant Sensors, and Wireless On-Line Monitoring Systems for Nuclear Power Plant Applications

Business Profile:

CTI Environmental Awarded Its First Multimillion Dollar Contract

TI Environmental, Inc, a minority-owned environmental construction and engineering consulting services firm that was established in 2009, has teamed up with Kiewit Pacific, the general contractor working on the Los Angeles County MTA’s billion dollar I-405 Sepulveda Pass Widening Project. CTI has been awarded an estimated three million dollar contract pertaining to excavation and removal of aerial deposited lead soil. Upon completion, this project will add a 10-mile High Occupancy Vehicle (HOV) lane on the northbound I-405 between the I-10 and US-101 freeways, replace existing bridges, widen lanes and underpasses, lessen traffic congestion, and increase highway safety. CTI Environmental, located in Long Beach, California, is operated by Ms. Robin Thorne and Mr. John Talbot. The company’s expertise is in the field of environmental construction and engineering consulting. The partners bring a combined 32 years of experience, along with an A-HAZ general contractor’s license, Disadvantaged Business Enterprise (DBE) as well as CUCP certifications. The I-405 project is CTI’s first multi-million dollar contract since opening for business last year. Robin Thorne, CEO of CTI, stated that this major contract award demonstrates Kiewit Pacific’s recognition of CTI as a technical expert with the capability and resources to carry out a project of this magnitude. It is also a demonstration to the California construction community, that CTI is a great strategic partner to be aligned with in future endeavors. Ms. Thorne further stated that this opportunity would not have materialized without the support of local agency networking forums and valuable resources available to small businesses. CTI reg-

ularly attends community-based events such as MTA’s “Meet the Primes,” receives guidance and counseling from the South Bay Small Business Development Center (SBDC), and is a member of the California Black Chamber of Commerce. Ms. Thorne added that “the key to building strategic relationships and winning contracts is being persistent without being annoying.” Ms.Thorne, a native of Philadelphia, PA, earned a B.S. degree in Chemical Engineering from Drexel University. She is very involved in the Long Beach community, recently completing a twoyear term as Board Chair for the YMCA of Long Beach Downtown Community Development Branch and previously serving as President of the Long Beach Chapter of the American Society of

Safety Engineers. She currently serves as a Commissioner on the Long Beach Sustainable City Commission. John Talbot, Principal Project Manager for CTI, is a native of California and earned bachelor’s degrees in both Biology and Social Sciences from the University of California at Irvine. Mr. Talbot is a Registered Environmental Assessor II with the State of California and is also the patent holder for the SWR system, a unique stormwater and wastewater recycling system specifically for use in the transportation services industry. For further inquires, please contact: Robin Thorne, (562) 305-2325, robinctienv@verizon.net or visit www. ctiengineers.com

15  July 2010  Black Business News  www.bbala.org

Court Voids Law for New Race- and Sex-based Quotas in State Contracting

he California Legislature violated the state Constitution by trying to bring back race- and sex-based participation quotas in state contracting. So ruled a Sacramento County Superior Court judge Friday in a lawsuit filed by attorneys with Pacific Legal Foundation, the leading legal watchdog against race- and sex-based discrimination and preferences in government. The case is titled Ward Connerly and American Civil Rights Foundation v. Schwarzenegger, et. al. Superior Court Judge Patrick Marlette struck down key provisions of AB 21, a quota law passed by the Legislature and signed by Governor Arnold Schwarzenegger as part of the 2010 state budget package enacted last July. The provisions would have barred

of the California Constitution), which prohibits discriminating against, and granting preferential treatment to, individuals and groups on the basis of race and sex in the operation of public contracting. “This ruling is a victory for equal rights and the rule of law,” said PLF attorney Joshua P. Thompson, who argued the case in front of Judge Marlette. “By trying to re-enact quotas by statute, the Legislature and the governor showed open disregard for a clear command of the state Constitution. They were also flouting the will of the California voters who enacted Proposition 209 by a big majority. Ironically, in these times of budget woes, this attempt to undermine the principle of colorblind contracting would have driven up costs

from state contracts any firm that failed to subcontract at least 15 percent of its work to minority-owned business enterprises (MBE) and at least five percent of its work to women-owned business enterprises (WBE). Although state attorneys maintained that officials were not enforcing the quota mandates, the court held that a writ of mandate should be issued against them because they violate Proposition 209 (Article 1, section 31

by excluding many qualified companies from the process, even if they were the lowest responsible bidders.” In the lawsuit, PLF attorneys represent Sacramento businessman and former University of California Regent Ward Connerly, who led the campaign for Proposition 209; and the American Civil Rights Foundation, a nonprofit organization dedicated to monitoring and enforcing civil rights laws at all levels of government.

Commenting on the ruling, Ward Connerly issued this statement: “This quota scheme would have pushed California backward, and showed a lack of respect for our state’s governing law. With this ruling, lawmakers and the governor have been reminded that they are supposed to enforce the law, not break it.” The case is titled Ward Connerly and American Civil Rights Foundation v. Schwarzenegger, et. al. Information may be found at Pacific Legal Foundation’s Web site.

California Received the Most Clean Technology Investment in North America Governor Arnold Schwarzenegger today issued the following statesee Recovery.CA on page 19

17  July 2010  Black Business News  www.bbala.org

Business Development:

From Sand to Solar

nder an agreement between the Department of Energy and the Department of the Interior, the federal government is dedicating more than 25 square miles to solar energy research - an area larger than Manhat-

Recovery.CA from page 17

ment celebrating the latest numbers released by the Cleantech Group and Deloitte showing California’s clean tech companies received the highest venture capital funding in the second quarter of this year: “California has led the world in enacting policies that harness the private sector to create the clean and renewable technologies needed to combat

tan. The Nevada Test site, which was once used to test nuclear weapons, will now be dedicated to testing new solar technologies that will help put America on a sustainable energy path. This will allow us to demonstrate technologies at a much larger scale than could be done in a lab. We are particularly excited about the future of Concentrating Solar Power, or CSP. CSP uses mirrors to concentrate the Sun’s rays and then uses the resulting heat to produce electricity. By storing that heat in molten salt, these plants can produce clean power even

climate change and reduce our dependency on oil. And our efforts are paying off, as illustrated by a wave of green innovation all over the state that is spurring investment and creating jobs. These numbers showing California is getting the most clean tech investment is just the latest example that we are moving in the right direction of building our green economy and creating a brighter, more sustainable future for us all.” The Cleantech Group and Deloitte released preliminary 2010 second

after the sun has gone down. www.whitehouse.gov/blog/2010/07/08/ sand-solar

quarter results for clean technology venture investments in North America, Europe, China and India, totaling $2.02 billion across 140 companies. Of that, California led the way with $980 million in investment, more than two thirds of North America’s total share. To read more on the numbers recently released by the Cleantech Group and Deloitte go to http://cleantech.com/about/pressreleases/Q2-2010-release.cfm. 

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Help Haiti Build Back Better Clinton Bush Haiti Fund

aiti’s devastating earthquake of January 12, 2010 worsened an already desperate situation for a nation in which half the population lived on less than one dollar a day, with official unemployment estimated at 70%.

near-term needs, CBHF’s primary focus will now shift towards longer-term reconstruction, job creation, and the promotion of economic opportunity. Our aim will be to help Haiti transform itself from the poorest country in the western hemisphere, to a country where everyone has the opportunity to prosper. We’re determined to help the people of Haiti not just rebuild, but to build back better. Help us chart Haiti’s long-term recovery by contributing what you can. Even if you have already given, we ask you to consider another donation. As they say in Haiti: Men anpil chay

sistance, food, and water for peasant farmers in Jacmel. Catholic Relief Services for immediate relief supplies. Concern Worldwide US for relief supplies, and materials and construction (water purification tablets, hygiene kits, mosquito nets, temporary latrines, jerry cans) targeting 50,000 survivors living in Saint Martin and Martissant. Episcopal Relief and Development to help run their 30,000 sq ft medical clinic in Leogane for two months. GHESKIO to operate their Port-auPrince clinic, which has been transformed into a refugee camp, serving 5,000 patients with medical care, food, and water. Habitat for Humanity for emergency shelter kits, which include: tarpaulins, rope, duct tape and a hammer, all used for building temporary shelters that help guard families against the elements. A chisel and a hacksaw help with salvaging materials from collapsed houses. Buckets are used for debris removal and for carrying water. Gloves and masks in the kits help provide protection during the cleanup.

In the aftermath of Haiti’s earthquake, we joined forces to establish the Clinton Bush Haiti Fund. And on March 22, we visited Haiti to assess relief and recovery efforts. In the midst of profound challenges, we saw the astounding resilience, courage, and hope of the Haitian people. We saw their fierce resolution to rebuild their communities, neighborhoods, cities - their nation. The initial efforts of the Clinton Bush Haiti Fund focused on immediate relief and emergency assistance. While we will continue to seek to meet selected

International Medical Corps to support mobile clinics in Haiti. pa lou or Many hands lighten the load. Your donation makes an enormous difference.

CBHF Programs Initial Grants In the aftermath of the earthquake, initial grants were allocated to a variety of organizations that provided immediate food, shelter, and medical support in Haiti. American Jewish World Service to provide temporary shelter, medical as-

Plan International to purchase water tablets, food, hygiene supplies, and household items. UNICEF to provide support for UNICEF emergency education for children whose schooling has been disrupted by the earthquake. University of Miami Global Institute/ Project Medishare to support ongoing medical relief efforts for earthquake survivors and to help meet the future needs of the Haitian people. The see Help For Haiti on page 51

20  July 2010  Black Business News  www.bbala.org

RESOURCES FOR GOING GLOBAL U.S. Commercial Service • Your Global Business Partner www.buyusa.gov/home/us.html Event: The Biennial of the Americas Venue: Denver, Colorado/Ellie Caulkins Opera House, McNichols Bldg. Date: July 1 – 31, 2010 Learn more: http://www.biennialoftheamericas.org Register: http://tickethorse.com/biennial-of-the-americas he Biennial of the Americas seeks to promote cohesion and collaboration among the 35 nations of the Western Hemisphere. Americas Roundtables will be held on seven topics, including education, poverty reduction, energy and climate change, women in leadership, health, philanthropy, and trade. In addition to the seven roundtables, two special events are also scheduled: a Summit of Bilateral Ambassadors as a luncheon on July 8 and a Summit of Former Heads of State as a roundtable on July 12. Of primary importance to exporters is the July 12th Americas Trade Forum. For more information, please contact Rocky Mountain District Export Council member Jan Mazotti, Business Development Director at CAP Worldwide; Telephone: 303-333-8028; email: JanM@capwwide.com.

Event: American Showcase 2010 Venue: Cagayan de Oro City Date: September 16-18, 2010 he U.S. Commercial Service is bringing the “American” brand to Mindanao. This exhibit will help promote and strengthen the American brand in the growing business districts of Cagayan de Oro City and throughout the Mindanao region. Mindanao is an important market for U.S. companies outside of Manila, and we would like to work with your firm to reinvigorate U.S.-Mindanao business ties and to showcase the best of America in the Philippines. The American Showcase 2010 exhibition and seminar program will tap an extensive network of contacts and partnerships that the U.S. Commercial Service has established with trade associations and Chambers of Commerce in the Mindanao region. For more information please contact Ms. Thess Sula, Commercial Specialist. She can be reached at telephone (02) 844-3393; 888-6619 or (02) 888-4088 ext. 5830/5827; fax: 888-6606, or by email Thess.Sula@trade.gov and Dell.Santos@Trade.gov.

Event: Complying with U.S. Export Controls Seminar Venue: Salt Lake City, Utah Date: September 22-23, 2010 earn more/register: http://www.buyusa.gov/utah/exportcontrolseminar.html Join Commercial Service Utah and the Utah District Export Council for a program led by the Bureau of Industry and Security’s professional counseling and compliance specialists. Complying with U.S. Export Controls provides an in-depth examination of the information exporters need to know to comply with U.S. export control requirements on commercial goods. This program is well suited for any company or research institution that needs a comprehensive understanding of their obligations under the U.S. Export Administration Regulations. For more information contact: David.Fiscus@trade. gov.

Event: 5th Annual International Trade Conference - Hot Market Watch: Selling to Brazil, China & India Venue: Duke Energy Center, Cincinnati, OH 45202 Date: October 19, 2010; 7am-5pm Cost: $150/$125 for additional company representatives earn more/register: http://www.buyusa.gov/cincinnati/conference.html Organized by Commercial Service (CS) Cincinnati, this year’s conference will focus on the “hot markets” of Brazil, China and India and will provide market updates, tools, and resources for companies interested in selling to or expanding further into these countries. Presenters will include U.S. Department of Commerce international trade experts, as well as international companies and organizations sharing their expertise and resources for Brazil, China and India. In addition to conference plenary sessions, there will be over 10 break-out sessions to choose from. Selected topics for each country will include: market overviews; economic outlooks; customs & logistics; financial considerations; legal considerations; taxation/accounting; regulations; second-tier cities in China and India; and company experiences. For more information, please contact: Marcia.Brandstadt@trade.gov

Event: Boost Your Service Exports by Connecting with Chinese Investors Venue: U.S. Embassy Beijing Online “AccessAmerica” Directory Date: 2010 Learn more/register: http://www.buyusa.gov/china/en For information, please contact julie.carducci@mail.doc.gov. ccessAmerica is the U.S. Department of Commerce’s online Chinese-language directory of U.S. firms that provide customized services to Chinese companies that want to conduct business in the U.S., including finding partners and setting up offices. It is promoted extensively throughout China in cooperation with our State and other partners. All U.S. states are invited to partner with us to facilitate service exports and inward investment. AccessAmerica is featured on the U.S. Embassy Chinese webpage which has 100,000 hits per month; and it is featured at Invest in America programs in the U.S. and China. Your listing will include company information, company logo, and contact details, all translated into Chinese, for a one-year subscription fee of $400. Increase your visibility in China and boost your PRC client base.

NBA 2011 All-Star Game Management is Seeking Minority Vendors NOW! Sunday, February 20, 2011 • Staples Center, Los Angeles

he 2011 NBA All-Star Game and associated festivities will be held in Los Angeles at the Staples Center. Vendor opportunities for the 3-day program of events abound, however, vendors interested in providing services for this special event must register and be approved. Registration begins on May 17, 2010. The NBA All-Star Vendor Diversity Program of the National Basketball Association (NBA) has been providing opportunities to Woman and Minority owned vendors to participate in the All-Star procurement process for over a decade. Working in partnership with local certifying agencies and business advocacy groups the NBA will identify woman and minority-owned businesses in the Greater Los Angeles area. Through the efforts of these partners the NBA will disseminate information and applications to the local business community. Upon completion of the application process a Woman and Minority Vendor Database will be available on the NBA All-Star Vendor Diversity web-site. This database will serve as a resource for NBA Staff, Partners, and Primary Contractors seeking to procure goods and services for All-Star. While participation in the program does

not guarantee a bid opportunity it does provide on-going information on the procurement process and through the guide introduces these business to potential purchasers for All-Star and its related activities. The first step in the process is to complete the application on the All-Star Vendor Diversity at www.nba.com/allstarvendordiversity. In addition to the application, you will find FAQ, Vendor Guide, Certifying Agencies and Green Iniative information. The vendor services required include but may not be limited to: Advertising • Public Relations Marketing • Audio / Visual Catering • Florist Construction / Building Materials Courier Services • Electrical Services Drug Testing / Medical Supplies Employment Services - Temporary Staffing Event Management • Fencing Furniture Rental Gifts (items, baskets) • Graphic Design Hardware Suppliers IT • Telecomm Janitorial Services Supplies Office Machines/Rental Copiers, etc. Office Supplies • Painters Photography Printing: Banners, Signs, Invitations

Minority Vendor Registration Began May 17, 2010 Ends September 1, 2010 Promotional Products Security Services Shipping • Trucking Transportation: Bus - Car Services Warehouse Space • Waste Removal 

www.nba.com/allstarvendordiversity

23  July 2010  Black Business News  www.bbala.org

ABOUT GOVLINK CONFERENCE:

PRE-CONFERENCE BREAKOUT SESSIONS:

• GOVLINK CONFERENCE provides networking opportunities between government agencies, prime contractors, and small businesses. • The speakers from government agencies will discuss business opportunities, vendor selection criteria, and provide valuable insights on what it takes to be successful and how to avoid common mistakes. • Federal, state, and local government agencies and major prime contractors will be exhibiting at the event to facilitate networking.

October 26, 2010 - 1:30 p.m. to 4:30 p.m. SESSION 1: Responding to an Invitation for Bid (IFB) SESSION 2: Tour the Defense Microelectronics Activity(DMEA) laboratory

WHY YOU SHOULD ATTEND: • Learn about federal, state, and local government and prime contractor business opportunties • Grow your business through networking with key government and prime contractor decision makers • Attend the “Responding to an Invitation for Bid (IFB)” or tour Defense Microelectronics Activity (DMEA), a high-tech applied engineering federal laboratory

WHO SHOULD ATTEND: • Small and large business owners / managers that are interested in contracting and subcontracting opportunities representing all industries • Representatives from 8a, Disadvantaged Business Enterprises (DBE), HUBZone, Service Disabled Veteran Businesses (SDVOSB and DVBE), and Woman Owned Businesses (WOB) • Federal, State, and Local Government and Prime Contractor representatives interested in expanding their Small Business, 8(a), Disadvantaged Business Enterprises (DBE), HUBZone, Service Disabled Veteran Business (SDVOSB and DVBE), and Woman Owned Business (WOB) participation

GOVERNMENT PURCHASING PANEL: Hear from government agency representatives who will discuss upcoming opportunities and how to do business with their agencies

PRIMES AND SUBCONTRACTORS PANEL: Learn what government prime contractors are looking for in subcontractors and how to be considered for subcontracting opportunities

CONFERENCE REGISTRATION: Pre-registration is required. Register now! • Attendee Early registration is $125 per person. $150 after September 10, 2010. (Includes kick-off reception hors d’oeuvres, continental breakfast, lunch, and conference materials.) Visit here to register as an attendee: www.theftc. org/news&events/upcomingevents/govlinkconference_2010/govlinkconference_registration_attendee. html. • Limited Sponsorship and Exhibitor Opportunities available. Last year exhibit spaces sold out. Visit here to register and reserve your space now www.theftc. org/news&events/upcomingevents/govlinkconference_2010/govlinkconference_sponsorships.html.

www.theftc.org/news&events/upcomingevents/govlinkconference_2010/govlinkconference_home.htm.

24  July 2010  Black Business News  www.bbala.org

July is African American Bone Marrow Donor Month

he National Marrow Donor Program® (NMDP), in partnership with the Congressional Black Caucus Foundation (CBCF), is celebrating African American Bone Marrow Awareness Month throughout July to raise awareness about the critical need for African Americans to join the national registry, publically known as the Be The Match Registry®. Every year, more than 10,000 patients in the United States are diagnosed with life-threatening diseases for which the best option for a cure can be a bone marrow transplant from an unrelated donor or donated cord blood unit. Approximately 70 percent of patients in need of transplant do not have a matching donor in their family. Patients are most likely to match with a donor who shares a similar

racial or ethnic background, therefore making it incredibly important to diversity the registry. This month the NMDP and CBCF are calling attention see Bone Marrow Donor on page 31

614 W. 7th Street (between Grand and Olive) L.A. 90014 • 213 612-0107 The coupon expires 6-01-10 and is for Dine-in Only. View our full menu at Sandellasdowntown.com. 25  July 2010  Black Business News  www.bbala.org

Help for Consumers: Individual Development Accounts (IDAs) Match Savings The Corporation for Enterprise Development (www.cfed.org) is a national nonprofit based in Washington, DC dedicated to expanding economic opportunity for low-income families and communities. CFED uses a “think-doinvest” approach grounded in community practice, public policy and private markets. We find investors and policy advocates for ideas that might bring about large scale change. Microenterprise. The Development Report Card. Individual Development Accounts (IDAs). These are just a few of the social innovations CFED has been known for. IDA Basics ndividual Development Accounts (IDAs) are special savings accounts that match the deposits of people with low- and moderate-incomes. Savers receive a corresponding match for every dollar saved in an IDA. Savers agree to complete financial education classes and use their savings for an asset-building purpose, i.e., post-secondary education or job training, home purchase, or to capitalize a small business. In addition, savers learn about budgeting, saving and receive training before purchasing an asset. IDAs are offered through partnerships between financial institutions, i.e., banks and credit unions, and local non-profit organizations, or program sponsors. The IDA program sponsor recruits participants for the program and provides education and training. The financial institution handles all transactions to and from the IDA. IDA account holders receive statements detailing how much they have saved and the amount of match they have earned. IDA participants are allowed to withdraw money as soon as they have reached their savings goal, but they must first get approval from their IDA program sponsor. Some participants choose to use their funds toward one

large savings goal, such as buying a home, while others make withdrawals for a number of smaller, related goals, such as a computer, textbooks, and college tuition.

Where do the match dollars come from? Match dollars for IDAs come from many different places, such as government agencies, private companies, churches, or local charities. Any individual, organization or business can contribute match dollars to IDAs. In most cases, donors can get a tax deduction for contributions to IDAs, and they are also recognized for helping others in their community. How long will I be able to save in my IDA? The savings period or program length will vary from program to program, but most savings periods range from 1 year to 3 years. The savings period indicates the length of time during which your savings will be matched. Do I have to use my IDA savings to buy a house, pay for education or job training, or start a small business? These are the most common uses for IDA savings, but each program is different. Some IDA programs allow participants to save for home repairs, computers, automobiles, or retirement in addition to the three uses above. Other programs have just one purpose, such as to help people start their own businesses. Does the IDA program sponsor provide other services? Many IDA program sponsors provide a range of services to low-income families. For example, some organizations may assist families in applying for welfare benefits, obtaining legal aid, preparing income tax returns, or obtaining affordable housing. Be sure to ask each IDA program sponsor about additional

services that might be helpful to you. How can I open an IDA? There are more than 500 IDA programs in the United States, so the first step is to find a program close to where you live. The fastest way to do this is to go to the IDAnetwork web site at www. idanetwork.org where you will find the IDA Program Directory, which lists programs by state. Using the Directory, contact the sponsor(s) closest to you to find out more about their IDA programs and learn how to apply. In addition, the federal Office of Community Services offers a directory of more than 200 organizations across the nation that run IDA programs. Visit www.acf.hhs.gov/ programs/ocs/afi/states.html to view a list of programs by state. What if there are no IDA programs in my area? There are other ways to get financial education and help with asset building. The United Way has a presence in nearly every city and town in America. You can find your local chapter by visiting www.unitedway.org, and clicking on the “Contact United Way in Your Area” link on the top right of your screen. Also, the federal government’s page at www.mymoney.gov has some good resources for you to educate yourself on money matters, including budgeting and taxes, credit, financial planning, and homeownership. Where can I get help starting my own small business, buying a home, or sending myself or my child to college? • To find local organizations that can help you start your own small business, visit the Association for Enterprise Opportunity’s website at www.microenterpriseworks.org or call 703.841.7760. • Find programs in your area that can help you find affordable housing on the Housing and Urban Development website at www.hud.gov/ buying/localbuying.cfm. • For information about continuing your education, visit www.collegeforadults.org. To learn how to save money for your child’s future college education, visit www.savingforcollege.com. 

27  July 2010  Black Business News  www.bbala.org

How to Help the Black Business Association BY CAPRICE L. COLLINS

There are many ways each of us can help the Black Business Association. However, some ways are better suited to certain donors while other methods make more sense for other donors. Following just a few of the many ways that you can use to help the Black Business Association thrive. +

Give cash outright to the Black Business Association. This is the easiest and most common method. However, for larger donations, this typically is not the best method for the donor.

Give appreciated property to the Black Business Association. If done properly, you get a deduction for the full fair market value of the property. If you were to sell the asset, normally you would pay 20% of the gain to the IRS. So, if you had an asset for which you paid $10 and you sold for $100, you would have a gain of $90 and pay $18 in tax. After sale and taxes, you would have $82. However, if you contribute the property to the Black Business Association, you get a charitable deduction for the full $100, even though you would have received only $82 after the sale and taxes. Essentially, you get a deduction for the gain on which you never paid taxes.

Set up a lifetime Charitable Remainder Trust with the Black Business Association as the remainder beneficiary. With a lifetime Charitable Remainder Trust you contribute property to a trust and you receive a fixed dollar amount or a fixed percentage of the value of the trust each year. At the end of your life, or at the end of a term up to 20 years, the property remaining goes to the Black Business Association. You get a current income tax deduction for the value of the interest that eventually goes to the Black Business Association. You can control how the assets of the trust are invested. This can be particularly important when the asset is stock in a family business.

Give a remainder interest in your home or business. You can give the Black Business Association the right to have your home or business after your death. You have full rights to live in the home or use the farm. The Black Business Association has no right to use the property until your death. You get a current income tax deduction for the value of the interest going to the Black Business Association. The value of the interest going to the Black Business Association is calculated by using your life expectancy at the time of the gift of the remainder interest.

YO U R L I N K TO A F R I CA N A M E R I CA N B U S I N ES S O W N E RS ~ C E L E B RAT I N G 4 0 Y EA RS O F S E RV I C E ~

Set up a Charitable Remainder Trust at your death with the Black Business Association as the remainder beneficiary. This is similar to a lifetime Charitable Remainder Trust. However, your children or other beneficiaries would receive the income stream and then the assets would go to charity after their deaths or the specified period of time. Your estate would receive an estate tax charitable deduction for the value of the interest that ultimately would pass to charity.

Set up a Charitable Lead Trust during your lifetime with The Black Business Association as the beneficiary. This is the reverse of the Charitable Remainder Trust. The Black Business Association gets the income stream during your life or the fixed period of time, and then at your death the remaining assets go to your children or other beneficiaries.

Set up a Charitable Lead Trust at your death with the Black Business Association as the beneficiary. Again, this is the reverse of the Charitable Remainder Trust. You would set up a trust that would be funded at your death. The Black Business Association would receive the income stream for a fixed period of time typically and then the remaining assets would go to your children or other designated beneficiaries. This is a way to reduce the estate tax on assets passing to your heirs.

Give of your time and expertise. This can be a great way to help in a very personal way. While it helps the Black Business Association, it also can provide you with a sense of accomplishment. However, you will not receive a tax deduction for this type of giving.

As you can see, there are a wide range of options. A qualified estate planning attorney can help you select the method which maximizes the income tax, estate tax, and personal advantages of the contribution to the Black Business Association.

Byline: Ms. Caprice L. Collins is a member of the American Academy of Estate Planning Attorneys and has been engaged in the practice of law for the last 24 years. For more information or to attend an upcoming seminar, call (310) 677-9787 ext 5.

BUSINESS ENTREPRENEUR

TRAINING INSTITUTE IN PARTNERSHIP WITH

BEGINNING

WEDNESDAY, SEPTEMBER 15, 2010 West LA College 6:30-8:30pm Every Wednesday for 12 weeks

The Black Business Association (BBA), in partnership with the Business Division of West Los Angeles College, has launched the Business Entrepreneur Training Institute (BETI), a 12-week training program that will teach new and veteran entrepreneurs the â&#x20AC;&#x153;nuts & boltsâ&#x20AC;? of operating a highly successful business.

Register Today! + Only serious entrepreneurs that want to start a business should participate. Each attendee will be expected meet a tangible goal and have results at the end of the training program.

+ Attendees will receive a certificate of completion as well as everything they need to know to start and run a successful business.

+ Attendees will also leave with a business plan. + Training cost is $75 (includes one annual membership to the BBA)

Applications are available online at: www.bbala.org or by calling the BBA office at: 323.291.9334

sponsored by

Business Development:

U.S. Hotel Lodging 2009 Revenue Lowest Since 2004

he U.S. hotel industry posted $92.41 billion in room revenue for 2009, according to the Hotel Operating Statistics Study for 2009, compiled by Smith Travel Research. That’s the lowest revenue on record since 2004, when the industry took in $85.18 billion in room revenue. Total revenue for the hotel industry dropped by $13.4 billion from 2008, to $127.2 billion, leading to a gross operational profit of 34.0 percent (the GOP in 2008 was 38.2 percent). A 16.7 percent year-over-year decline in revenue per available room represents the steepest RevPAR drop since STR began tracking industry data in 1987. 

Bone Marrow Donor

from page 25

to the fact that only 7 percent of the 8 million potential donors on the national registry are African American. Fewer potential African American donors mean fewer potential matches for African American patients seeking transplant. The NMDP is committed to increasing the number of potential donors and diversifying the national registry to ensure that all Americans have access to a match. As part of African American Bone Marrow Awareness Month, the NMDP is sponsoring bone marrow donor registration drives during the month of July. As growing numbers of Americans are in need of transplant, expanding and diversifying the registry is critical, which is why reauthorization of the Program and the NCBI is so urgent.” Visit www.marrow.org for details on the programs. 

Business Development:

Solar Plane Flight is Successful New Era Emerging

n experimental solar-powered plane that took off from western Switzerland for a 24-hour test flight -- a key step in a historic effort to one day circle the globe using only energy collected from the sun -- landed safely. The plane with its 262.5-foot (80-meter) wingspan left Payerne airfield shortly before 7 a.m. The Solar Impulse its first 24-hour test flight successfully Thursday, proving that the aircraft can collect enough energy from the sun during the day to stay aloft all night. Clear blue skies on Wednesday allowed the prototype aircraft to soak up plenty of solar energy as it flew over the Jura mountains west of the Swiss Alps. The plane’s 12,000 solar cells filled up its batteries with enough energy so the plane could fly through the night. The goal of the project is to have a solar-powered plane flying day and night without fuel. This flight was crucial for the credibility of the project. The test flight -- the third major step after its first ‘flea hop’ and an extended flight earlier this year -- will demonstrate whether the ultimate plan is feasible: to fly the plane around the world. The team will now start to build a sec-

ond solar plane that will be more efficient and have a larger cockpit to allow for longer flights. That plane should be ready for international flights by 2013. The round-the-world flight will eventually be made with five stops along the way. Although the goal is to show that emissions-free air travel is possible, the team says it doesn’t see solar technology replacing conventional jet propulsion any time soon. Instead, the project is designed to test and promote new energy-efficient technologies. When the pilot took off it was another era. He landed in a new era where people begin to understand that with renewable energy you can do impossible things.  www.solarimpulse.com

Wall Street Reform from page 9

• Strengthening Consumer Financial Protection To learn more about the provisions visit the website at http://waters.house. gov/Issues/Issue/?IssueID=14672. 

31  July 2010  Black Business News  www.bbala.org

YOUR LINK TO AFRICAN AMERICAN BUSINESS OWNERS

CELEBRATING OVER 40 YEARS OF SERVICE

SPONSORSHIP PROPOSAL

presented by the

BLACK BUSINESS ASSOCIATION

For more information, contact the Black Business Association at: (323) 291-9334 | mail@bbala.org | www.bbala.org

Congratulations to the Los Angeles Lakers on Another NBA Championship

For the second straight campaign and 16th time in franchise history, the Los Angeles Lakers emerged from a long regular season and tough playoff run to stand alone as the champions of basketball. All-Stars Bryant and Pau Gasol were respectively terrific throughout; Andrew Bynum made great strides in maturity while battling through a difficult knee injury; Lamar Odom made key contributions when such were mandated; Ron Artest, the only new addition, played his best when it mattered most; Derek Fisher proved yet again why “clutch” will always be associated with his name; and Jordan Farmar, Shannon Brown and Sasha Vujacic found ways to boost L.A. off the bench when called upon. “We did it with perseverance,” said Coach Phil Jackson, earning an almost unbelievable 11th coaching title. “It’s about the joy for this group of guys that put so much work (in). They’re a willing group and I’m very proud of them and very happy for them.” What the Lakers showed throughout the season, as they had in the previous year, was that they played their best when they needed to, refusing to lose a game they felt – or knew – had to be won. 

Rainbow PUSH LA Trade Bureau

The Rainbow PUSH LA Trade Bureau (RPC/Bureau) is focused on the implementation of economic, social, and education initiatives, as well as growing the office to become a strong voice for our constituents and Trade Bureau Members. Rainbow Push LA is connecting our Trade Bureau members with our Trading Partners for the purpose of doing business. Rainbow Push LA is committed to connecting our members to new opportunities that will not only bring us through the recession, but beyond it. Our innovative ideas are expressed through powerful programmatic pieces that are designed with everyone in mind. Please use the information below to contact the Los Angeles office to request a contact information form that may be completed then faxed or e-mailed to us. The information will reconnect us with you and will aid Mr. Israel in his upcoming meetings with corporate trading partners. Regina Black, Office Manager Rainbow PUSH/CEF Los Angeles, 1313 W. 8th Street, Suite 232, Los Angeles, CA 90017 Office Number: 213.483.3500 Fax Number: 213.483.3577 Email: rblack@rainbowpush.org Website: www.rainbowpushla.org

34  July 2010  Black Business News  www.bbala.org

The President’s Council on Fitness, Sports and Nutrition By Dominique Dawes, three-time Olympian and President’s Council on Fitness, Sports and Nutrition Co-Chair.

any of you have heard about my gymnastics career or even saw me grow up TV. But what

First Lady Michelle Obama makes remarks during the launch of “Let’s Move Outside”, an extension of her “Let’s Move!” initiative, at the Visitors’ Center in Red Rock Canyon, Nev. (Official White House Photo by Samantha Appleton)

see Let’s Move on page 36

President Barack Obama leads Senate Majority Leader Harry Reid, center, and Vice President Joe Biden on a tour of the White House Kitchen Garden following their meeting in the Oval Office, July 1, 2010. (Official White House Photo by Pete Souza)

35  July 2010  Black Business News  www.bbala.org

Let’s Move from page 35

you may not know is that following my Olympic achievements, I have dedicated my time to educating others about the importance of physical and emotional health. So, I felt blessed to have the opportunity to co-chair the President’s Council on Fitness, Sports and Nutrition with Drew Brees. If you have never heard of the President’s Council before, that’s ok, but you will hear a lot more from us now. Yesterday, HHS Secretary Kathleen Sebelius swore in members of the new and improved Council established by President Obama and the First Lady. The First Lady later led Council members and children in a series of fitness and

nutrition activities, including jump rope, juggling and making healthy snacks. We have a new charge that not only focuses on getting Americans active, but also promotes the collective responsibility, accountability and health benefits of good nutrition. Good nutrition is key to being healthy, fit and strong. Eating plenty of fruits and vegetables, choosing whole grains and drinking water will give you the energy to power through your day. We are challenging the American people to take control of their health. Think about how you get from one place to the next -- choose to bike or walk with co-workers instead of drive, to play with your friends in the park instead of turning on the computer after school, to do sit ups while watching TV (if you must watch TV), or to plant

a garden with your neighbors instead of watching the grass grow, and eating those vegetables for lunch and dinner each day. Everyone has an important role to play in this effort, and we’re calling on all Americans to choose to move and to help educate and activate those around you, including your children, your parents and grandparents, your co-workers, your co-worshippers, your neighbors, your entire community. It is our goal to make healthy eating and safe play accessible, affordable and attractive for everyone regardless of age, background or ability. The first step is the most important step, and the next steps are always easier after that. Welcome to our new Fit Nation. It’s your turn. Visit www.Fitness.gov to learn more. 

First Lady Michelle Obama jumps rope during a President’s Council on Physical Fitness, Sports and Nutrition event at Bell Multicultural High School in Washington, DC. (Official White House Photo by Samantha Appleton)

36  July 2010  Black Business News  www.bbala.org

Technology:

Take a Look! by LaSandra Stratton Check out what these firms and organizations have to offer for your personal interests, personal wealth building, and business expansion opportunities.

www.fitness.gov The mission of the President’s Council on Fitness, Sports and Nutrition (PCFSN) is to engage, educate and empower all Americans across the lifespan to adopt a healthy lifestyle that includes regular physical activity and good nutrition. The Council plays a key role in the development of the administration’s programmatic priorities, outreach and awareness efforts to improve the health and quality of life for all Americans. Among the Council’s charges are to: • Expand national interest in and awareness of the benefits of regular physical activity, fitness, sports participation, and good nutrition; • Stimulate and enhance coordination of programs within and among the private and public sectors that promote physical activity, fitness, sports participation, and good nutrition; • Expand availability of quality information and guidance regarding physical activity, fitness, sports participation, and good nutrition; and

lescents, as well as populations or communities in which specific risks or disparities in participation in, access to, or knowledge about the benefits of physical activity, fitness, sports participation, and good nutrition have been identified.

http://store.steampowered.com/ app/39000/ NASA’s new Moonbase Alpha game is being distributed via Steam, an online retailer, completely for free. Moonbase Alpha is an Internetbased multiplayer game in which up to six players team up to build a lunar space station, create new structures like solar arrays, and overcome space challenges. At one point in the game, a meteor damages the player’s newly built life support systems–the player then has to diagnose the damage and repair it in time. NASA recruited game developer

Virtual Heroes, the team responsible for the U.S. Army training game “America’s Army,” to help build a game that can keep a gamer’s attention while still providing some sort of education about the space program.

www.es.tv

• Target all Americans, with particular emphasis on children and ado-

Entertainment Studios, Inc’s television networks division, Entertainment Studios Networks owns Six (6) 24-Hour HD Networks – CARS. TV, PETS.TV, RECIPE.TV, COMEDY. TV, MYDESTINATION.TV and ES.TV. The Television division produces, distributes, and sells advertising for 18

television programs, making it the largest independent producer/ distributor of first-run syndicated television programming for broadcast television stations. ES provides video content to broadcast television stations, mobile devices, multimedia platforms, and the World Wide Web. Our mission is to provide excellent programming to our viewers, online users, and Fortune 500 advertising partners. The home entertainment division, Entertainment Studios Home Entertainment (ESHE), is becoming

one of the premier independent suppliers of DVD, CD and umd™ products. With a library of over 4,000 hours of owned content and a growing array of licensed titles, ESHE markets and distributes a collection of films, television programs, concerts, fitness, and children’s direct-to-video programming. Chairman and CEO Byron Allen founded the company in 1993. Headquartered in Los Angeles, it has offices in New York, Chicago, Atlanta and Raleigh.  Submitted by LaSandra Stratton BBA member, Chair of the BBA International Trade Committee.

37  July 2010  Black Business News  www.bbala.org

e are thrilled to announce that TANCon USA 2010, the annual conference hosted by The African Network (TAN) will be held on October 30th, 2010 at the Hyatt Regency Santa Clara California. This year is the 5th anniversary of TANCon and we are preparing to showcase the new entrepreneurial and business opportunities that have sparked tremendous interest in Africa from a variety of US investors and entrepreneurs. TANCon 2010 will be a platform through which many distinguished experts and visionaries will unravel the countless opportunities and boundless optimism that lie ahead for seasoned and budding entrepreneurs alike. It will also focus on empowering the entrepreneur and showcasing Africa’s potential to the world as a major emerging market. Attendees will have the opportunity to network with like-minded professionals and fellow entrepreneurs, as well as pitch their business ideas to seasoned entrepreneurs and potential investors. This conference will provide a valuable resource for fresh and innovative business ideas, learning the basics of starting and growing a business, learning the most effective methods for getting others to invest in one’s business ideas, as well as the challenges and opportunities of starting a business in Africa. TANCon 2010 would also provide a valuable resource to seasoned business owners and investors, by gaining access to great minds with great business ideas with an eye towards one of the fastest growing markets - Africa. Attendees to TANCon 2010 will have the wonderful opportunity to listen to and participate in engaging and informative panel discussions which focus

on the challenges and great business opportunities in Africa. The panel topics planned for this year’s TANCon event include: •

Traditional and non-traditional sources of funding for your business idea

•

Low-tech and no-tech business opportunities in Africa

•

How the growth of mobile banking and mobile services is creating and changing entrepreneurial opportunities in Africa

•

Energy - securing your business’ needs, and creating a business delivering both traditional and nontraditional (i.e., “clean”) energy

Previous TANCon events featured esteemed speakers such as: Dr. Frank Greene - Founder and CEO of New Vista Capital, Sean Maloney - Executive Vice President of Intel Architecture Group, Dr. Lawrence Spinelli - President of OPIC, Professor Kunle Olukotun - Stanford Professor and developer of one of the first multicore microprocessors, Guy Kawasaki - Director of Garage Technology Ventures, A.J. Pa-

tel - Founder of TiE, Matt Flannery - CoFounder and CEO of Kiva, Mohamed Hersi - President of AfGlobe Communications, and many, many more. Hundreds of attendees are expected at this year’s TANCon event taking place at the heart of Silicon Valley. So, whether you’re a student,professional, aspiring entrepreneur or successful business owner, you don’t want to miss this important opportunity! Please visit TANCon USA 2010 website as we will be updating it as we introduce our keynote speakers and distinguished panelists or contact Biniam Woldemariam, Chair TANCon 2010 at bwoldemariam@theafricannetwork. org. 

ww.bbala.org

•Contracting Information •Employment Opportunities •Links to Sponsor Websites •Event Announcements •Resources:

• President’s Message • Financial Management • Meeting Management • International News • BBA Publications • Other Information

38  July 2010  Black Business News  www.bbala.org

A Royal Blend of all natural West African herbs and fiery spices www.kingspepper.com 323.291.4267 Before you grill, before you bake,

Buy King’s Pepper

and Shake, Shake, Shake!

U.S. Commercial Service International Trade Webinar Schedule

The U.S. Commercial Service - Your Global Business Partner. With offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce’s International Trade Administration uses its global Network and international resources to connect U.S companies with international buyers worldwide. If you have any questions about these initiatives, please contact your local U.S. Commercial Service trade specialist. To find the trade specialist nearest you please visit http:// www.buyusa.gov/home/us.html. Webinar Series: A Basic Guide to Exporting Venue: Your Computer Cost: $40.00 each webinar 1) Export Documentation for New to Export Date/Time: June 2, 2010; 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q7N 2) Taking Advantage of NAFTA Date/Time: June 9, 2010; 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q7P

3) Finding Harmonized Codes, Duties and Taxes Date/Time: June 16, 2010; 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q7Q 4) Understanding Export Controls Date/Time: June 23, 2010; 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q7R 5) Cashing in with U.S. Free Trade Agreements Date/Time: June 30, 2010 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q7S 6) Using e-Commerce and Social Media Date/Time: July 7, 2010; 2:00-3:00 PM ET Registration: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=0Q83 More Events and Conferences Find information on a series of up coming conferences and events focused on international trade issues and opportunities by searching www.buyusa.gov. 

Ex-Im Bank Issues New Policy on Short-term Content

n response to the difficulties small businesses face in accessing export financing, Ex-Im has changed its policy governing what constitutes eligible content of products financed by the ExIm Bank small business programs. The new policy expands the kinds of costs that can be considered as eligible when Ex-Im provides credit support, or cover, for an export by a small business. This policy applies to both our short-term credit insurance and working capital loan guarantee programs. Over 90% of the authorizations under these two programs support small businesses. We are very excited about the potential this change in policy can have to increasing financing for U.S. exports,

especially as foreign markets become increasingly important to both the success of America’s small businesses and our overall economy. To learn more about this new policy on short-term content: http://exim.gov/ products/policies/foreignshortprog. cfm. If you have any questions, please feel free to contact Wendy Wright at 202.565.3774 for more information.

Foreign Content Policy for Short-Term Programs Ex-Im Bank’s mission is to support U.S. jobs through exports. To fulfill its jobs mandate, Ex-Im Bank relies on U.S content as a proxy to evidence support for U.S. jobs. Accordingly, there

are eligibility criteria and limitations on the level of foreign content that may be included in transactions supported by Ex-Im Bank. Ex-Im Bank offers two short-term programs -- export credit insurance and Working Capital. Consistent with the Bank’s Charter to consider the “unique business requirements of small businesses” in formulating its policies, ExIm Bank has two separate short-term content policies for: (1) small business exporters as defined by SBA and (2) non-small business exporters. I. SMALL BUSINESS ELIGIBILITY CRITERIA

39  July 2010  Black Business News  www.bbala.org

see Ex-Im Bank on page 45

AFRICA VILLAGE BY WOMEN 2010

Ratanga Junction - Capetown, South Africa June 5 - July 11, 2010

What’s In It For Me? •Local, National & International News

•Government & Corporate Contracting and Supplier Opportunity Information

eading Women of Africa (www.leadingwomenofafrica.com) launches Africa Village By Women, 2010, the first of an annual cultural display representing Africa as a whole. The 32 day event takes places during the 2010 FIFA Soccer World Cup and opens on June 5, 2010 at Ratanga Junction, Century City, Cape Town - South Africa. Dr. Kenneth Kaunda, former President of Zambia, in support of this event, is ready to champion yet another noble cause to boost economic empowerment for women. The Africa Village by Women 2010 will include an EXPO and a number of proceedings, ranging from Gala dinners, executive breakfast and events, celebrating the rich and diverse cultures of Africa, together with music concerts, fashion shows and art exhibitions.

•Links to Corporate Partner, Organization Affiliates & Annual Event Sponsor Websites •BBA Annual & Special Event Announcements •Business Operation Education and Information 

Where Do I Find It? •BBA website

www.bbala.org

Africa Village By Women Event Line Up

•Black Business News monthly publication

1. Trade Show/Exhibition: 32 days of showcasing African Women creations and innovations as well as other opportunities

•Black Business News/ International - quarterly publication

2. Opening Ceremony Gala dinner, June 5, 2010: Promoting unity of Africans and highlighting the role of women entrepreneurs, in socio-economic sustainability in Africa.

•Black Business News Internet Edition 

3. Top Executive Breakfasts: With celebrities, leaders, personalities, role models and other women’s platforms. Daily activities include public appearances and addresses, autograph signing and many more.

How Do I Participate & Benefit?

4. Fashion Show: Witness the sensation of African beauty! Africa’s renowned beauty and clothing design collections.

www.bbala.org

5. Live Entertainment and Talent Competition: Live concerts by Africa’s most talented artists.

•Advertise in the BBA publications

6. Closing Ceremony Gala Dinner: July 10, 2010 For enquiries about the AVBW2010 and logistic planning purposes please contact Leading Women of Africa, USA Representative Ms. Aze Malawo, M.P.A, M.A on 206-419-1580 or 425-242-8443 or send e-mail enquiries to: Aze.Malawo@ hotmail.com or Azem@leadingwomenofafrica.com. 

•Join the BBA at

•Attend BBA Events Hosted to Benefit the African American Community of Businesses

40  July 2010  Black Business News  www.bbala.org

Trade Shows in Nigeria & South Africa contact: www.gathersstrategies.com

July 25-27, 2010 The only event that focuses on the A-Z of the Continentâ&#x20AC;&#x2122;s Food & Beverage Industry

FACT SHEET 2010

SAITEX 2010 FACT SHEET Southern African International Trade Exhibition d 25-27 July West African International Telecommunications Exhibition and Conference with the Nigerian ICT Business Solutions Expo e Lagos, Nigeria 1-3 June 2010 f

International:

Beyond the World Cup: A Diamond for Growth

pain’s victory in the World Cup in Johannesburg marks the conclusion to an exciting competition. However, with the media pointing to some of the dashed economic expectations among South Africans these past few weeks, I decided to inquire a little more into the entrepreneurial part of South Africa’s economic development equation which led me to uncover some important trends and opportunities suggesting that the country might be well on its way to achieving the goal set forth by the country’s new president, Jacob Zuma, to create 4 million new jobs by 2014. According the Gallup World Poll, 29% of South Africans are planning to start a

business in the next 12 months. This is below the median of 41% for Africa, but on the positive side, we know from local witnesses that many of those plans are increasingly materializing. Nontokozo

Hlangweni from Endeavor South Africa (www.endeavor.co.za) explained to us that the scarcity of jobs has helped push a sort of entrepreneurial energy see World Cup on page 49

Bryant Visits Soweto, Attends U.S. Game

n his first trip to Africa, Los Angeles Lakers star player Kobe Bryant, looked very much at

home Sunday -- bantering with teen athletes in Soweto, using his trilingual skills with the World Cup press corps, and displaying a keen knowledge of international soccer. Bryant, fresh off an NBA championship with the Los Angeles Lakers, grew up playing soccer as a boy in Italy and has never lost his affection for the game. Bryant arrived Kobe Bryant, longtime soccer fan, leads a Soweto academy’s in South Africa teen athletes Sunday in calisthenics during his first African trip on Saturday, and attended the secto see the World Cup. Dominic Barnardt/Nike/Getty Images

ond-round match that evening in which Ghana eliminated the United States, 2-1. “I’m proud of our guys,” Bryant said. “We had opportunities last night. We didn’t capitalize on them. Ghana did.” He said the U.S. team, with its gritty performances in the first round, had kindled an unprecedented degree of public interest in soccer among Americans. “I want to see the sport take off in America,” he said. “It’s a beautiful game and I think this is the first time it has really captured the imagination of the U.S. from a men’s perspective.” Bryant came to Soweto, the vast black township on the outskirts of Johannesburg, to visit a state-of-the-art soccer training center recently opened

42  July 2010  Black Business News  www.bbala.org

see Soweto Sports Academy on page 63

International:

New Cocoa Agreement Is a Sweet One By Isolda Agazzi

he new international cocoa agreement will provide a positive shake-up in the cocoa market and ensure better prices for stakeholders, including small farmers. It also strengthens the participation of civil society and the private sector in the cocoa industry, according to GuyAlain Emmanuel Gauze, Côte d’Ivoire’s ambassador to the United Nations (UN) in Geneva and president of the UN cocoa conference. The conference, which ended on Jun 25 in Geneva, negotiated an agreement which will replace the current one in 2012. The global export value of cocoa beans for 2009/2010 is estimated at some 10 billion dollars. Côte d’Ivoire is the main producer in the world - 40 percent of total production - with Ghana in second place.

Gauze regards the new agreement as “objective and balanced” as it strengthens the role of the International Cocoa Organisation (ICCO) and puts in place measures to achieve fair prices for the suppliers, including small farmers, transporters and exporters, and the consumers, including valueadders, importers, industrialists, negotiators and buyers. ICCO is the organisation that administers and supervises the operation of the agreement. Ghana expresses similar sentiments to Côte d’Ivoire about the new agreement: “I am happy and satisfied. I hope that member countries will ratify the treaty as soon as possible,” says Anthony Nyame-Baafi, minister counsellor at the permanent mission of Ghana to the UN in Geneva.

“The concerns of producing countries have been taken into consideration. The agreement contains an elaborate definition of the objectives of a sustainable cocoa economy and promotes development projects. And, very importantly, it enhances market transparency.” Gauze stresses that, “you cannot define a marketing strategy if the market is opaque. You need data on world production and consumption, stock variations, and trade in derivative products such as butter, powder and liqueur.” Therefore, countries have agreed to create an economic committee that will examine statistical data, consumption, see Cocoa Prices on page 44

Darfur Dream Team Empowerment Through Education

oung people everywhere are more alike than different. They want a good education and opportunities for the future. Children in refugee camps who have survived the war in Darfur are no different. They dream of quality education and a chance to help rebuild their lives and homes. When Tracy McGrady of the Houston Rockets heard about the massive challenges children from Darfur were facing in the refugee camps in Chad, he decided to see for himself. After spending days listening to the harrowing stories of young Darfuris in the refugee camps and their incredible thirst for a better education, he decided to act. When Tracy and his traveling compan-

ions from the Enough Project returned, they hatched the idea for the Darfur Dream Team’s Sister Schools program linking American middle schools, high schools, colleges, and universities with schools in the Darfuri refugee camps. Tracy’s Journey to the refugee camps in eastern Chad is chronicled in the movie 3 Points (www.3pointsmovie.com). The Darfur Dream Team is a dynamic partnership of organizations and professional basketball players working together on the Sister Schools Program, an initiative to connect American

middle schools, high schools, colleges, and universities with sister schools in 12 refugee camps in Chad.

About the Sister Schools Program There are two main objectives of the Darfur Dream Team’s Sister Schools Program. They are: (1) to provide a see Darfur Dream Team on page 62

43  July 2010  Black Business News  www.bbala.org

What is “Pass It On!” ???

n a few weeks Africare will launch an exciting new campaign to connect you to people overcoming major challenges impacting the African continent-- issues like unsafe drinking water, food insecurity, and the growing number of children orphaned by AIDS. Our new “Pass It On!” campaign

Cocoa Prices from page 43

production, stocks and everything else that contributes to price determination. Producing and consuming countries, nongovernmental organisations (NGOs) and the private sector will be represented on the committee. Gauze calls it “a huge novelty”. Cocoa has been one of the rare soft commodities, together with coffee, that has resisted the effects of the economic and financial crisis of 2008-2009. In 2009, prices increased between 30 and 60 percent on the London and New York markets. “Financial markets have invested in agricultural commodities and prices have gone up,” explains Gauze. “This

will carry these messages around the world through a series of powerful testimonies and unique stories told directly by the individuals who see, work with, or benefit from Africare’s assistance on the ground. The stories come from more than 20 African nations, covering a variety of key issues. They all carry positive messages of growth and empowerment on the African continent! Beginning September 1st, Africare will introduce you to a new story— once a month for 16 months— from a child, grandmother or Africare staff member who will “have something to tell you” about the important work Africare is

implementing on the ground. Each will be packaged in a format that is ready to “pass on” to a friend or someone you know through video, social network, and even your phone! And if you live in Washington, DC, you’ll see our stories on buses and in Metro stations across the city. Sign-up to receive the messages and support the “Pass It On!” campaign using this special link - www.africare.org/ news/enews_signup.php. Learn more about Africare’s current projects, long history and esteemed leaders at their website - www.africare. org. 

happened partially because of the decline in supply from producing countries and the increase in demand in emerging economies.” Gauze regards the investment in commodities as “a good thing because it drives prices up. But extreme speculation is dangerous since it can bring prices down. We have to see how to react to extreme speculation, perhaps by regulating markets.” Côte d’Ivoire has put policies in place to ensure that price increases benefit small producers too. “In Côte d’Ivoire, cocoa represents 35 percent of national exports. When prices are good, the country earns a lot of money, so small farmers must be compensated too. In all producing countries, governments are aware of

that. Prices paid to small producers have been on the rise for the past four to five years,” says Gauze. Nyame-Baafi adds that, “this accord should ensure fairer prices for Ghana’s producers because the importing countries have given the assurance that there will be transparency in data, from both private and public sources. Our farmers will have up-to-date information on consumption of cocoa and the use and prices of the main products.” His hope is that this new development will boost the income of farmers and even contribute to the achievement of the millennium development goals. Another significant advancement is that the new agreement forbids the use of alternative products, not only of

44  July 2010  Black Business News  www.bbala.org

see Cocoa Prices on page 49

Ex-Im Bank from page 39

To be eligible for Ex-Im Bank support: Each product must be shipped from the U.S. to a foreign buyer; and • Each product must have more than 50% U.S content based on all direct and indirect costs, including but not limited to labor, materials, research and administrative costs, exclusive of profit; or • The aggregate content of all products in an invoice must be more than 50% U.S. based on all direct and indirect costs, including but not limited to labor, materials, research, and administrative costs, exclusive of profit.; or • If the U.S. content of any product or aggregate U.S. content of all products in an invoice is 50% or less, only the U.S. content is eligible. •

[Note: Value added after export from the U.S. , as well as foreign charges such as import duties, taxes, and inland freight are excluded from cover.]

Level of Support If the product or the aggregate products in a single invoice meets the more than 50% U.S content eligibility threshold, 100% of the gross invoice value (sales price) is normally eligible for coverage at the insured percentage that is applicable. If the U.S. content of the product or aggregate products in a single invoice is 50% or less, Ex-Im may cover the value of the U.S. content only at the insured percentage that is applicable. Based on the applicable program or policy type chosen, standard percentages of coverage are 90 to 95%. II. NON-SMALL BUSINESS ELIGIBILITY CRITERIA To be eligible for Ex-Im Bank support: • Each product must be shipped from the U.S. to a foreign buyer; • Each product itemized on an invoice must be produced or manufactured in the U.S. ; and • Each product must have more than 50% U.S. content based on labor, material, and direct overhead, exclusive of any profit).

[Note: Value added after export from the U.S. , as well as foreign charges such as import duties, taxes, and inland freight are excluded from cover.]

Level of Support If the product meets the eligibility criteria, 100% of the gross invoice value (sales price) is normally eligible for coverage at the insured percentage that is applicable. Based on the applicable

program or policy type chosen, standard percentages of coverage are 90 to 95%. Export-Import Bank The Export-Import Bank supports the financing of U.S. goods and services, maintaining, and creating more U.S. jobs.  www.exim.gov

45  July 2010  Black Business News  www.bbala.org

46  July 2010  Black Business News  www.bbala.org

Goldman Sachs Launches 10,000 Small Businesses Initiative in the Greater Los Angeles Metropolitan Area Cities of Los Angeles, Long Beach Join Effort to Drive Economic Growth, Create Jobs $20 Million in Small Business Loans to be Provided Through Local Community Development Financial Institutions Business Education Partners to Include Los Angeles Community College District, Long Beach Community College District The Goldman Sachs Group, Inc. (NYSE: GS) today announced the greater Los Angeles 10,000 Small Businesses initiative. Throughout the Los Angeles metropolitan area, the program will offer a unique combination of three resources to help small business grow and create jobs: •

Business and Management Education: Small business owners will have access to a high quality business education developed in partnership with leading national business schools. Through the program, they can develop a business growth plan through a practical business and management education offered by Los Angeles City College, one of the nine campuses in the Los Angeles Community College District (LACCD), and The Long Beach Community College District. The education will be free to accepted business owners selected through a competitive application process administered by the Initiative for a Competitive Inner City (ICIC) in partnership with City College and The Long Beach Community College District. 10,000 Small Businesses is also partnering with LACCD’s Los Angeles Southwest College to support the needs of small businesses with a particular focus on minority and lowincome business owners in the South Los Angeles region. Southwest College will build its capacity to enhance its small business curriculum and associated business support services.

•

Access to Capital: Goldman Sachs will commit $20 million of lending capital, in addition to philanthropic support to Community Development Financial Institutions (CDFIs) in Los Angeles County. The investment will increase the amount of growth capital available to small businesses in underserved communities and expand the capacity of the CDFIs to deliver enhanced technical assistance to small businesses. The first CDFI that will be receiving financing from Goldman Sachs will be the Valley Economic Development Center. Additional CDFI partners will enter the program in the future.

•

Business Support Services: Business advice, technical assistance, and networking will be offered to participating small business owners through partnerships with the community colleges and national and local business organizations, as well as the people of Goldman Sachs.

“My number one priority is getting the people of Los Angeles back to work, and the Goldman Sachs 10,000 Small Business Initiative is the type of program we need in Los Angeles,” Mayor Antonio Villaraigosa said. “Not only will this investment set in motion job creation at the most grassroots level, but it will have a real impact on the lives of the 70% of Angelenos that are employed by small businesses by granting them the opportunity to expand their entrepreneurial enterprise through education, loans, and networking.” “Los Angeles is home to many very talented small business owners,” said Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs. “Working with local community development financial institutions and community colleges, we aim to give selected local businesses the resources they need to grow and create jobs.” 10,000 Small Businesses began operations in New York in 2010 where LaGuardia Community College is offering education and Seedco Financial Services is providing access to capital. The program will begin in Los Angeles in August, 2010. Interested small businesses should apply for the education portion directly through the local community colleges and CDFIs. •

Los Angeles City College: www.lacc10ksb.com

•

The Long Beach Community College District: http://www.lbcc.edu/10000smallbusinesses/

•

Valley Economic Development Center: http://www.vedc.org/

World Cup from page 42

that drives young people to become their own employers. Not surprisingly, Small and Medium enterprises (SMEs) are recognized as vital in the development of the South African economy. According to South African reserve bank findings, the total economic output of SMEs is more or less 50% of the country’s GDP. The SME sector also em-

Cocoa Prices from page 44

cocoa butter, as the current one does, but also of all other derivatives - liqueur and power - and of cocoa bean. Producing countries are particularly satisfied with this provision, continues Gauze, as it will boost production and increase prices. “On the international market, the price of cocoa butter is al-

ploys more than60% of the total labor force. The task at hand is to continue building an environment that supports new business creation and to foster, through policies and programs, businesses with high-growth potential. The key to a true entrepreneurial-growth strategy is to enable young firms to grow. Luckily, South Africa has an entrepreneurial environment that is relatively supportive of newventures. Last

year’s Gallup poll revealed that 80% of South African respondents said that their city or region is a good place for entrepreneurs forming a new business. The country is ranked 32nd among 183 economies studied by the IFC’sDoing Business project. Not bad, but the challenges for South Africa are still many. For example, one of the most severe problems associated with entrepreneurialism in South Africa is the regu-

ready three times higher than that of shea butter and four times that of palm oil.” The agreement strengthens the cooperation between member countries; NGOs; the private sector; funding agencies such as the Bretton Woods institutions; and development agencies such as the Common Fund for Commodities, an inter-governmental financial institution established within the

framework of the UN. Cocoa does not belong to governments alone any more, states Gauze. “All those who have expertise in sustainability are welcome as long as they make valuable contributions. Producing countries, by accepting the concept of sustainability and the proposal by consuming countries to include NGOs, have proven their political courage.”  allafrica.com

see World Cup on page 55

49  July 2010  Black Business News  www.bbala.org

Help For Haiti from page 20

Global Institute/Project Medishare will use CBHF funds to purchase medical equipment essential to the continued provision of urgent care to critically injured patients at the University of Miami’s hospital in Haiti, a 240-bed tent hospital at the edge of the Port-auPrince airport. World Food Program to provide food for earthquake survivors.

Longer-term Grants CBHF’s initial efforts were focused on immediate relief and emergency assistance. While we will continue to meet selected near-term needs, our primary focus will now shift towards longerterm reconstruction, job creation, and the promotion of economic opportunity. Our most recent grants, announced July 7, 2010, will create opportunity for Haiti’s workers and businesses in key industries - garment production, microfinance, the artisan community, and the health sector. Aid to Artisans (ATA) Funding for ATA will help re-establish over 3,000 artisan production jobs and expand local retail revenues by a projected 10-15% over the next six to eight months. ATA will provide Haitian artisan businesses throughout the country with product development and design consulting; arrange buyer trips in areas capable of production and delivery; position Haitian artisan goods at international gift fairs; and execute targeted retail training to stimulate demand for Haitian artisan products. BRAC BRAC will use its decade of experience running a limb and brace center in Bangladesh to establish a similar center in Haiti. Through collective grants from CBHF, American Jewish World Service, Child Relief International, and Grapes for Humanity/US, BRAC will

The Clinton Bush Haiti Fund has announced $1 million in new grants aimed at creating new jobs and promoting economic opportunity in Haiti. These grants will generate opportunity for Haiti’s workers and businesses in key industries garment production, microfinance, the artisan community, and the health sector. provide prosthetic and orthotic services to 1,500 Haitians in just over a year, enabling youth to return to school and adults to take advantage of work and livelihood opportunities. Within two years the center will be Haitian run and staffed - in addition to manufacturing and repairing prosthetics and orthotics on-site. Haitian Emergency Liquidity Program (HELP) The catalytic grant from CBHF will contribute to launching HELP, an emergency liquidity program that will give recovery grants to key microfinance

institutions (MFIs) with approximately 50,000 clients - including support for businesswomen, as well as rural borrowers. HELP will buy earthquakeaffected loans from microfinance institutions, providing them fresh funds to maintain their lending operations and preserve their capital base. The program is designed to help stop the contraction of lending by key MFIs and allow them to expand. Institut National pour le Développement et la Promotion de la Couture (INDEPCO) INDEPCO’s network of seamstresses and tailors consists of over 600 ateliers (workshops) employing 6,852 people throughout Haiti. CBHF’s grant to INDEPCO will allow it to repair a key building to house displaced ateliers, complete an order for 40,000 school uniforms, and expand its atelier network, employing more garment workers.  www.clintonbushhaitifund.org

Also Donate Here to Help • •

•

Contribute online through ClintonBushHaitiFund.org. Text “QUAKE” to 20222 to Judeline has been transformed by the therapist. She no longercharge a $10 donation to the Clinton Bush Haiti Fund (the donation will be added to your cell phone bill). Find more ways to help through the Center for International Disaster Information.

Federal Response Info For information on how each federal department and agency is responding to the earthquake in Haiti visit the Help for Haiti website at whitehouse.gov. 

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51  July 2010  Black Business News  www.bbala.org

JWFA

Jamaal Wilkes Financial Advisors, LLC M a n a g i n g We a l t h I n t e l l i g e n t l y

WHY OWN GOLD IN YOUR IRA/401k Changing jobs creates a great opportunity for you to switch, or rollover, your former employer’s retirement plan into an IRA. Plus, it usually provides you with more investment options than if you left the money in your former employer’s plan or rolled the money into your new employer's retirement plan. The early 1980s presented a once-in-a-lifetime opportunity to buy stocks. Today, economic and political conditions appear to offer a similar opportunity in tangible assets such as physical gold. With the global economic environment growing more uncertain, physical gold has become the #1 alternative for IRA, 401k, 403b, and Pension Plans, as well as for non-retirement funds. Gold is produced primarily for accumulation while other commodities are produced primarily for consumption. Gold’s value does not arise from its usefulness in industrial or consumable applications. It arises from its use and historical worldwide acceptance as a store of value. Gold is money. A healthy measure of gold clearly belongs in every portfolio for the “Four Ps” – Personal Purchasing Power Protection. There are six primary reasons why investors own gold: As a hedge against inflation. As a hedge against a declining dollar. As a safe haven in times of geopolitical and financial market instability. As a commodity based on gold’s supply and demand fundamentals. As a store of value. As a portfolio diversifier. According to Bloomberg.com, on October 15, 2009, Paul Tudor Jones of Tudor Investment Corp, who manages about $11.6 billion out of Greenwich, Connecticut, told its investors, “I have never been a gold bug… but Gold is just an asset that, like everything else in life, has its time and place. And now is that time…Gold appears to be cheap. In our view, gold’s value should increase as its scarcity relative to printed currencies increases.” JAMAAL WILKES FINANCIAL ADVISORS makes 401(k) rollovers easy with just a few simple steps. Please call us at (310)209-8298 or email gold@jamaalwilkes.com for a web seminar presentation. Jamaal Wilkes Financial Advisors is an independent Registered Investment Advisor www.jamaalwilkes.com Phone: (310)209-8330 6601 Center Drive West, Suite 500 Los Angeles, CA 90045

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Is Gold In A Bubble? No Way! Classic Cup and Handle Pattern

n the front page of all the media outlets is the question if gold is in a bubble. I ride bubbles and look for beginning signs of bubbles. Bubbles are irrational, but there is an old saying that “markets are irrational a lot longer than one can stay solvent.” I believe gold is nowhere near a bubble top and believe now is the time to profit on the next major asset class ready to run. Gold is in a classic cup and handle pattern. The cup and handle pattern has historically led to major market moves. See charts and explanations that follow...

You can see by the graph above the major breakout from the six month saucer on excellent volume. Notice how the volume dries up on the handle. Now I expect a major breakout and a run to $1,375 an ounce. Compared to other bubbles gold appears flat.

Above is a chart of the oil index verses the gold and silver index. Notice the run in oil before the credit collapse. This run lasted almost 5 years before it topped. Meanwhile for the past 15 years the XAU has been relatively flat and yet it has had a nice run we have not seen the run up like other asset class bubbles. I believe there are signs that we may be moving into a peak gold area and would not be surprised if there is a global rush to gold as investors lose faith in fiat currencies. The recent collapse of the euro only preludes what will eventually happen with the dollar and treasuries. Now many people have run from the Euro to dollars, but I believe that is temporary. Now is the time, before the masses rush in, to buy gold. This is not the time to be bottom fishing other markets. I believe to stick to strength. The chart above gives me the confidence to know that we have not entered bubble territory yet.  From Market Analysis, June

53  July 2010  Black Business News  www.bbala.org

Artwear Artwear may be found at: Sika’s / 4330 Degnan Ave., Leimert Park Baldwin Hills Plaza Farmer’s Market each Saturday 10am-3pm

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World Cup from page 55

latory red tape caused by high costs of compliance. For example, although it takes only 22 days to register a new business in this country compared to 45.6 days in Sub-Saharan Africa, it falls behind industrialized countries where the time Jonathan Ortmans, an entrepreneur Public Forum has to invest in Institute this initial step is 13 days on average, according to World Bankdata. In most places, simplifying business registration procedures, tax regulations and other regulations for startup entrepreneurs can go a long way since they influence a company’s ownership structure, job creation, financing structure, and of course, the very decision to start a business. Policymakers should minimize antientrepreneurial incentives and barriers that could potentially block the emergence and growth of new companies. Information-sharing- tools can also go a long way. As Nontokozo suggested to us, entrepreneurs could benefit a lot from greater access to updated information even if it is through something as simple as a more constructive website that compiles up-to-date information on requirements and opportunities for networking and funding. The challenge for South Africa doesn’t end there. Even the most enabling environment can fail to generate interested risk-takers. South Africa’s other significant entrepreneurial bottleneck is inadequate education. Companies cannot form if the youth don’t have the skill set to become their own bosses and cannot adequately grow if they cannot hire skilled employees. For instance, South African brothers Justin

and

Comedy Night Join the Fun! Share the Laughs! and David Letschert (www.unionswiss. com/history.html), who received South Africa’s 2008 Emerging Entrepreneur Award from the Ernst & Young World Entrepreneur Awards Program for leading a skincare exporting company called Union-Swiss, attributed much of their success to their ability to attract South Africa’s most talented young professionals. I encourage you to read about the current finalists for 2009 and the SouthAfrica Fast Growth 100 (www.southafricafastgrowth100.com) list – they are all innovative and dynamic companiesthat rely on a talented workforce.

Recognizing its weaknesses in education in general, the South African government has made stipends available to foster training within organizations. However, entrepreneurs cannot bear this burden alone. The public sector must invest time, energy and resources into developing the human capital of young South Africans in order to keep their economy growing and to spurinnovation in the country. Leaders could learn from organizations like Junior Achievement South Africa (www. jasa.org.za), which was selected to represent the country at the Global En-

55  July 2010  Black Business News  www.bbala.org

see World Cup on page 63

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56  July 2010  Black Business News  www.bbala.org

Malik’s Books Online

alik’s Books has closed operations in the Baldwin Hills Mall. Malik’s is now operating as an online bookstore. Malik’s is now available to serve our customer’s needs 24/7 via the world wide web with bigger deals and a larger selection. We will remain as active in the South Los Angeles community as we have always been. Please visit us at www.Malikbooks.com and/or www.autographbooks. com. For other information give us a call at 818-564-5694. If you want to coorespond with us, send letters to Malik’s Books, 3939 Crenshaw Boulevard, #324, Los Angeles, CA 90008. Thank You again for all your support and patronage over the years and visit us on the Web. 

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57  July 2010  Black Business News  www.bbala.org

see Books to Consider on page 62

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58  July 2010  Black Business News  www.bbala.org

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59  July 2010  Black Business News  www.bbala.org

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