The collective goal of Commerce Secretary Gary Locke, Commerce’s Deputy Chief of Staff and Senior Advisor Rick Wade, and Minority Business Development Agency (MBDA) National Director David Hinson, among others, is to bolster the nation’s 4 million businesses which generate revenues of 660 billion and employ 4.7 million workers. In fact, Hinson believes if his agency can help these firms achieve “economic parity” by growing the percentage of companies owned by minorities to match their representation in the US population then such enterprises would produce 2.5 trillion in annual revenues and employ 16 million workers.
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