http://on.wsj.com/1gysmNs
Ethnic Trends
The Dynamic Power of Ethnic Capital (visit www.ethnictrends.info for data on the ethnic markets)
Friday, May 16, 2014
Early Migrants were Native Americans - New Findings
http://on.wsj.com/1gysmNs
Sunday, March 23, 2014
Second Language helps Rational Thinking?
http://on.wsj.com/1f8DEBA
" 'Piensa' Twice: On the Foreign Language Effect in Decision Making," Albert Costa, Alice Foucart, Inbal Arnon, Melina Aparici and Jose Apesteguia, Cognition (February)
Tuesday, March 04, 2014
My Testimony to the MN legislature
http://www.ethniccapital.com/uploads/1/2/2/9/12297431/testimony_to_government_operations_committee_minnesota_house.pdf
Wednesday, February 26, 2014
Online Marketplaces and Racial Discrimination
Monday, February 24, 2014
New Report Provides Details of North Minneapolis Housing Conditions
neighborhoods register a diverse “micro” housing market, with blocks falling on the
entire HMI spectrum". During 2006 to 2012 houses in North Minneapolis dropped on average by more than a third. View the report at http://www.minneapolisfed.org/pubs/cdpapers/hmi_2013.pdf
Wednesday, February 19, 2014
Baseball offers an intriguing strategy to overcome racist behaviors
Another intriguing observation of the study was when cameras were present to record the events these discriminatory behaviors vanished. Ah! The lessons we can learn from baseball!
The study can be found at http://hbswk.hbs.edu/item/7392.html
Thursday, February 13, 2014
Nearly 2 million deported in recent years
It is time fix our broken and dysfunctional immigration system.
For a new framework to look at immigration see my app "Immigrant Capital" on iTunes and Google Play or a recent report on Minnesota http://bit.ly/HEZJy1.
http://www.economist.com/news/briefing/21595891-united-states-expulsion-policy-toward-migrants-carries-big-human-cost-bordering-cruelty
Wednesday, February 05, 2014
New Health Equity report needs policy attention
Thursday, January 30, 2014
Why has St. Paul not fully recovered from the Great Recession while Minneapolis has?
The DEED report is at http://mn.gov/deed/images/top25cities.pdf
Monday, January 27, 2014
Immigrant Earning Power over $1 trillion in USA
Sunday, January 26, 2014
New free Itunes App - Immigrant Capital
An android version will be available soon.
Immigrant capital - immigrants as consumers, workers, entrepreneurs, taxpayers, social capital, cultural capital, global trade networks.
Saturday, October 19, 2013
Thank You Fr. Kevin - Today in Pioneer Press
Thursday, May 16, 2013
Undocumented Students Value to the MN Economy - $1 billion
Here is a quick estimate of the value of 250 students with an Associate degree and 250 students with a Bachelor's degree using the Census estimate of the lifetime value of a degree:
I estimate that these 500 students will bring $1billion in new earnings to the Minnesota economy over their lifetime. ($1.8 million is the lifetime earnings of a Associate's degree; $2.4 million for a Bachelor's degree)
If we assume they pay the average 11.5 percent tax as the "average citizen" of the MN Tax Incidence Study, then the state can look at a lifetime tax revenue of $121 million.
Legislators - please note.
Sunday, June 24, 2012
Transformation of University Avenue by Immigrant Entrepreneurs
,,the avenue continues to be an incubator for immigrant entrepreneurship. The area is becoming increasingly multi-ethnic with a growing presence of African immigrant and African American entrepreneurs. There is also a constant churning in the sectors these businesses operate. These entrepreneurs start businesses to take advantage of economic trends which also make their survival tied to these same trends – for example the housing boom and bust. We noted in many entrepreneurs a sense of pessimism as a declining economy has hurt their bottom line and considerable anxiety over light rail construction. This was a sharp contrast to our report in 2005 where we found a greater optimism on the avenue, reflected in business expansion and diversification beyond the avenue.
The report was profiled in a story in the Pioneer Press
Tuesday, June 05, 2012
New Website on Ethnic Capital
Friday, May 25, 2012
Minority Babies Now Majority
At the link you will find a Fox 9 story on the latest news that minority babies are now the majority....a "back to the future" moment for me. We have to look at these new Americans as America's future - what we invest in them will determine America's role in the future global economy. Do we want them to be the best skilled, most innovative and creative talent pool? Do we want them to live in a world free of racial and other barriers to personal progress? The choice is ours! www.ethniccapital.com
Sunday, March 04, 2012
ALANA Capital
Friday, December 02, 2011
ALANA Firms in Minneapolis
ALANA Buying Power $ 2.4 billion in Minneapolis
Saturday, November 26, 2011
Islamic LIBOR rate launched
http://online.wsj.com/article/SB10001424052970204443404577054150155788364.html?KEYWORDS=islamic+libor
Wednesday, February 09, 2011
BLACK FIRM - RAPID GROWTH IN MN, 2007
Data released (February 8, 2011) by the Survey of Business Owners, 2007 as part of the Economic Census reveals the rapid growth of Black firms in Minnesota. There were 12, 454 Black firms in Minnesota, 617 of which had employees with receipts of $917 million and employing 10,746 people with an annual payroll of $258 million.
Most of these firms had receipts less than $50,000. There were 265 firms with receipts greater than $500,000 with 118 of the firms having receipts over a million dollars.
The top five sectors were: Health Care and Social Assistance, followed by Transportation and Warehousing, Professional and Technical Services, Administrative and Support and Waste Management and Remediation Services and Retail Trade. The top sectors in terms of receipts were Retail, Administrative Support and Waste Management and Remediation, Health Care and Social Assistance and Professional and Technical Services. The top sectors in terms of employment were Health Care and Social Assistance, Administrative and Support and Waste Management and Remediation followed by Accommodation and Food Services. These three sectors plus Information were the largest in terms of annual payroll.
Between 2002 and 2007 the number of Black firms in Minnesota grew by 58.9% compared to 12 percent for all firms in Minnesota. During the same period receipts grew by 34.5 percent.
9.7 percent of all firms in Minneapolis were Black Firms. 5.2 percent of all firms in Hennepin County were Black firms. Minneapolis ranked 29th for the number of Black firms out of 50 of the largest cities in the country. Hennepin County ranked 36th for the number of Black firms out of 50 of the largest counties in the country.
For more information please visit http://ethnictrends.info/MarketResearch.html.
Friday, February 04, 2011
Black Firms - Largest Minority Group of Firms in MN
Black Firms were the largest group of minority firms in Minnesota. There were 12,454 Black firms in Minnesota in2007. The number of Black firms grew by 59 percent between 2002 and 2007 (compared to 12 percent for all firms in Minnesota) according to preliminary estimates from the Survey of Business Owners. These firms had receipts close to a billion dollars and employed almost 5000 people in Minnesota.
Nationally there are almost 2 million Black firms in the United States with an estimated $137 billion in sales.
The Survey of Business Owners is expected present a complete report of Black firms in Minnesota next week.
Black Talent in Rural MN
Thursday, December 23, 2010
Latino Businesses - Rapid Growth in Hennepin County
Wednesday, December 22, 2010
Minority Firms Continue Rapid Growth in MN
Latest Data Reveal Rapid Growth Continues for Minority Firms in Minnesota.. MN Latino Business Revenue Grew 250 percent – Second Highest in the Nation
Bruce P. Corrie, PhD
Professor of Economics, Concordia University
http://ethnictrends.info/MarketResearch.html
corrie@csp.edu, Tel: 612 321 8263
Latest data on ALANA (African Latino Asian and Native American) firms in Minnesota (Economic Census 2007) reveals some interesting trends:
· Ranked by revenue, minority firms as a group would be the 15th largest in the state with total revenue of $5.8 billion in 2007, larger than St. Jude Medical, Toro and Deluxe Corporation. Asian owned firms would rank the 22nd largest with revenue of $2.4 billion.
· Ranked by employees, minority firms as a group would be the 9th largest employer, bigger than General Mills, Ecolab and Hormel, employing almost 40,000 with an annual payroll of $1.1 billion.
· The number of minority firms grew by 43 percent between 2002-2007 compared to 12 percent for all firms in Minnesota. Black owned firms were the largest number of minority firms followed by Asian owned firms.
· Revenue of minority firms grew by 83 percent between 2002-2007 compared to 30 percent for all firms in Minnesota. Revenue of Latino firms grew by 248 percent during this time period – the second highest growth in the nation. Revenue of Native American firms grew 72 percent.
Minnesota – time for a new vision – ALANA Capital can make Minnesota a Global Competitor. These firms are rebuilding the inner city, expanding the high tech corridors and creating jobs and wealth in Minnesota.
For more details and updated reports please visit - http://ethnictrends.info/MarketResearch.html
(Data is from the Economic Census 2007, preliminary estimates)
Tuesday, December 07, 2010
New Vision of Ethnic Capital Part of State of MN Policy
State agency personnel: Please take note of the following excerpts from the Commissioner's Order regarding state agency purchasing:
- Businesses owned and operated by minorities, women, veterans and disabled individuals make significant contributions to Minnesota's economy.
- Small businesses are major contributors to jobs and revenue growth in Minnesota.
- Public spending can leverage small business development which in turn can help address issues such as job growth, increased tax revenue, increased human capital and reduction in dependency and crime.
- Public spending to leverage small business development is a priority for Minnesota's executive branch leadership and part of a larger strategy to make Minnesota globally competitive.
- State and local government agencies are strongly encouraged to develop programs to help build the capacity of Minnesota's small businesses.
- State executive branch agency purchasing and contracting conducted under the authority of Minnesota Statutes Chapter 16C must, at minimum, comply with this order.
Friday, November 19, 2010
So How did ALANA Color the Vote in 2010?
Thursday, February 25, 2010
How To Apply for a Visa to Come to the USA?
- Brace yourself for extra rude treatment from visa officials – they think you are coming to steal the apple pie.
- Wear ear plugs – because you will meet some loud officials especially the ones whose job is to welcome or provide security.
- While in the USA you are innocent before you are proven guilty at the embassy you are guilty before you prove you are innocent.
- Officials will have a hard time believing all you want to do is visit for a while and go back to the place you call home.
- Be prepared to wait long in the cold or heat as officials believe that is how you enter the promised land.
- Don’t ask to use the restroom while you wait in line – they are afraid somehow you will sneak in.
- If you are old or single they think you do not want to go back to your home country.
- Don’t be surprised if the official is not courteous to you as that is not part of their job description and their superiors do not care either. They however expect you to be dressed in your best and to be courteous to them.
- Officials think they are trained psychologists – they can make a judgment call on your credibility in 2 seconds.
- Don’t expect one group of officials from one government agency to agree with another group of officials from a different agency – on the same set of facts.
- Be prepared to lose your legal visa status in the few seconds the officer makes a snap judgment call on your intent.
- Officials think that you cannot uphold the law and at the same time treat people with respect.
- Pray – miracles happen
Monday, December 14, 2009
Latest Disparity Data shows no Gains to ALANA Businesses
Minnesota's Statutes to Jump Start Small Businesses
There are core policy proposals that have been suggested to grow small and minority businesses. The good news is that Minnesota does not have to create new laws – it has Statute 16C.16 already in place. What it can do is to fill in the critical gaps within these policies.
The legislative web site refers to a statute as, "a compilation of the general and permanent laws of the state, incorporating all new laws, amendments, or repeals of old law."
So there is an aura of permanence about this statute. Let us see how it stacks up against some commonly suggested policies to use small and minority businesses in the state.
Common Policy Proposals (Many of these were recommendations to the State provided by the Governor's Working Group on Minority Business Development in 2000 after statewide hearings and analysis of public procurement policies. See www.ethnictrends.info for the document):
1. Set aside a percentage of public procurement dollars for small and minority businesses.
2. Set goals for utilization of small and minority businesses in public contracts.
3. Provide technical assistance for small and minority businesses bidding on public contracts
4. Provide a simple central certification for small and minority businesses in the state across all entities at the federal, state and local level.
5. Break up large contracts into smaller ones that is within the capacity of small and minority businesses to bid on.
6. Assistance for small bidders who cannot compete with large firms which get special rates on large orders from suppliers.
7. Assistance with bonding and insurance requirements,
8. Quick payments for services done.
9. Reduce onerous paperwork needed to do business with the government
10. Set up mentoring programs, joint bidding, apprenticeship and other programs to grow small and minority businesses and prepare people for the future workforce needs of the state.
11. Provide easy access to RFPs and documents needed for the development of bids.
12. Provide information on upcoming projects at an early time so that small and minority firms can make plans to bid on such projects or develop joint bids.
13. Hold public officials accountable to meet utilization goals.
MINNESOTA LAWS IN PLACE RELATIVE TO THE ABOVE POLICY PROPOSALS
1. Set aside a percentage of public procurement dollars for small and minority businesses.
MINNESOTA STATUTES ALLOWS 25 PERCENT OF STATE PROCUREMENT TO BE DEDICATED FOR SMALL BUSINESSES.
16C.16. Subdivision 1. Small business procurements. (a) The commissioner shall for each fiscal year ensure that small businesses receive at least 25 percent of the value of anticipated total state procurement of goods and services, including printing and construction….
..(b) The commissioner must solicit and encourage Minnesota small businesses to submit
responses or bids when the commissioner is entering into master contracts. If cost-effective, when entering into a master contract, the commissioner must attempt to negotiate contract terms that allow agencies the option of purchasing from small businesses, particularly small businesses that are geographically proximate to the entity making the purchase.
Subd. 3. Professional or technical procurements. Every state agency must for each fiscal
year designate for awarding to small businesses at least 25 percent of the value of anticipated
procurements of that agency for professional or technical services.
TARGETED BUSINESS
Subd. 4. Targeted group purchasing. The commissioner shall establish a program for purchasing goods and services from targeted group businesses, as designated in subdivision 5. The purpose of the program is to remedy the effects of past discrimination against members of targeted groups. In furtherance of this purpose, the commissioner shall attempt to ensure that purchases from targeted group businesses reflect a fair and equitable representation of all
the state's purchasing.
2. Set goals for utilization of small and minority businesses in public contracts.
MINNESOTA STATUTES ALLOWS GOALS FOR THE UTILIZATION OF SMALL AND MINORITY BUSINESSES IN PUBLIC CONTRACTS. THEY MAY BE AWARDED UP TO SIX PERCENT PREFERENCE IN THE BID. BIDS COULD BE DESIGNATED EXCLUSIVELY FOR SMALL OR MINORITY BUSINESSES IF 3 SUCH BUSINESSES ARE LIKELY TO BID
Subd. 6. Purchasing methods. (a) The commissioner may award up to a six percent preference in the amount bid for specified goods or services to small targeted group businesses.
(b) The commissioner may designate a purchase of goods or services for award only to small businesses or small targeted group businesses if the commissioner determines that at least three small businesses or small targeted group businesses are likely to bid.
(c) The commissioner, as a condition of awarding a construction contract or approving a contract for professional or technical services, may set goals that require the prime contractor to subcontract a portion of the contract to small businesses or small targeted group businesses.
3. Provide technical assistance for small and minority businesses bidding on public contracts
4. Provide a simple central certification for small and minority businesses in the state across all entities at the federal, state and local level.
5. Break up large contracts into smaller ones that is within the capacity of small and minority businesses to bid on.
MINNESOTA STATUTES ALLOW FOR LARGE BIDS TO BE BROKEN INTO SMALLER BIDS TO ENABLE SMALL BUSINESSES TO PARTICIPATE. 16C.16. Subdivision 1. Small business procurements. (a) ….The commissioner shall divide the procurements so designated into contract award units of economically feasible production runs in order to facilitate offers or bids from small businesses.
6. Assistance for small bidders who cannot compete with large firms which get special rates on large orders from suppliers.
7. Assistance with bonding and insurance requirements,
8. Quick payments for services done.
9. Reduce onerous paperwork needed to do business with the government
10. Set up mentoring programs, joint bidding and other programs to grow small and minority businesses.
11. Provide easy access to RFPs and documents needed for the development of bids.
12. Provide information on upcoming projects at an early time so that small and minority firms can make plans to bid on such projects or develop joint bids.
13. Hold public officials and contractors accountable to meet utilization goals.
MINNESOTA LAW ALLOWS PENALTIES TO BE IMPOSED ON CONTRACTORS WHO DO NOT MEET STATE GOALS FOR SMALL AND MINORITY BUSINESS UTILIZATION.
Subd. 6. Purchasing methods. (c)… The commissioner may establish financial incentives for prime contractors who exceed the goals for use of small business or small targeted group business subcontractors and financial penalties for prime contractors who fail to meet goals under this paragraph.
-- Bruce P. Corrie, PhD ethnictrends.info policyperspectives.org 651 641 8226