By Gamal Williams Photos by Todd Gilyard
According to the 2019 Annual Business Survey, racial minorities owned 18.3% of all businesses in America. Those numbers begin to look bleaker when one understands that all non-White business owners fall into that 18.3%. 2019 U.S. Census data shows that the White population comprised 76.3% of America yet owned 81.7% of all businesses. Minorities comprised 23.7% of America yet owned less than 1/5th of all businesses. Many factors have hindered business development and economic growth amongst minorities: racial bias preventing opportunities to government and private sector contracts, lack of access to capital, lack of business financial literacy, but none more important than mentorship and support. What these businesses have lacked is a champion, someone that is willing to not only extend a helping hand, but to speak up for them, support them, guide them on their path to success. Enter Todd Gilyard. Todd Gilyard formed his consulting firm, The Gilyard Group, LLC, in 2010, after previously serving as the Assistant Project Lead/Job Developer for the St. Louis Housing Authority’s Job Plus Program, and Community Outreach Director at the Urban League of Metropolitan St. Louis. He now serves as the Project Director at the Missouri Branch of the Minority Business Development Agency. Originally established as the Minority Business Enterprise in 1969 by President Richard Nixon, the Minority Business Development Agency (MBDA) mission is “to promote the growth of minority owned businesses through the mobilization and advancement of public and private sector programs, policy, and research. MBDA has accomplished this mission by funding a network of centers that provide Minority Business Enterprises (MBEs) a variety of business assistance services.”* Yet, Todd didn’t see himself in his current position. In fact, prior to his appointment, even owning his own business wasn’t in the cards. Continued on the next page
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