SERVING THE MINORITY-OWNED BUSINESS COMMUNITY
Today, the Small Business Digital Alliance (SBDA) celebrates Minority Entrepreneur Day by recognizing the contributions and potential of minority-owned businesses to our economy. The SBDA, a co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., provides a comprehensive suite of free resources to help small businesses connect with digital tools, virtual trainings, and expanded opportunities to grow their digital networks to reach new customers.
“Minority-owned small businesses are the backbone of our country, revitalizing regional and local economies. In the last ten years, they represented 50 percent of new businesses. And minority-owned firms are more likely to export,” says Business Forward Executive Director Liz Fairchild. “When they succeed, local, state, and national economies reap the rewards. Together, Asian, Hispanic, Black or African-American, and Native and Pacific Islander-owned businesses contributed more than $1.5 trillion to local and state economies in 2021. By going digital, minority-owned businesses can grow an international customer base, prevent cybersecurity attacks, and strengthen their operations.”
Studies show that digitally advanced small businesses experience significantly better outcomes; small businesses online earn two times more revenue per employee, show nearly four times revenue growth from the previous year, and gain more than six times employment growth rates. Despite the benefits of digitization, 74 percent of small businesses aren’t taking advantage of digital tools.
“On this Minority Entrepreneur Day, TriNet honors the passion of our nation’s minority-owned small and medium-size businesses (SMBs) and their incredible contributions to our economy. For these dedicated and hard-working entrepreneurs, access to capital, government grants and programs can often be a major challenge,” says Samantha Wellington, TriNet’s Executive Vice President of Business Affairs and Chief Legal Officer. “TriNet’s mission is to power the success of small and medium-size businesses by supporting their growth and enabling their people. Digital tools and resources on TriNet’s Historically Underrepresented Businesses web page help connect SMBs with information about government programs, critical conversations about access to capital, and the ability to use the Clarus R + D tax credit calculator to learn about the credit and how it can help them grow their business, and more. We are proud to support and enable the growth of minority-owned, and all, SMBs.”
To learn more about TriNet and other National Members’ 275+ free digital resources designed to lower the barriers to entry to entrepreneurship for all aspiring small business owners, especially those from historically underserved and disadvantaged communities, visit the SBDA’s Digital Tool Library: https://www.smallbusinessdigitalalliance.com/digital-tool-library
Co-sponsorship Authorization No: 22-5-C: The SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products, or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.
This website is provided as a public service under co-sponsorship Authorization # 22-5-C. It is not an official U.S. government website, and it may contain links to non-U.S. government information. The inclusion of such links does not constitute or imply an endorsement by the SBA. The SBA is not responsible for the content, accuracy, relevance, timeliness, or completeness of linked information.
The Small Business Digital Alliance (SBDA) is a joint co-sponsorship agreement between the SBA and Business Forward, Inc. that brings together major players, influencers, and companies in the tech, e-commerce, benefits, and other industries to help small businesses connect with digital tools and reach new customers through expanded opportunities through trainings, tools, and expansion of their digital networks – free of charge. To learn more, visit www.smallbusinessdigitalalliance.com.
ABOUT BUSINESS FORWARD
Business Forward has helped more than 270,000 local business leaders make the “business case” for climate action, affordable healthcare, immigration reform, diversity and inclusion, sensible tax laws, criminal justice reform, infrastructure investment, new trade deals, and other pro-growth reforms. Our leaders brief policymakers, work with local media, publish op-eds, submit testimony, and advocate online. We also promote their recommendations through issue briefs, survey reports, training manuals, podcasts, and social media. More than 800 mayors, governors, members of Congress, and senior Administration officials have participated in our briefings, including three presidents. Learn more at www.businessforward.org.
ABOUT THE U.S. SMALL BUSINESS ADMINISTRATION
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.