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City Reports Largest Percent Spend to Small, Minority, and Women-Owned Businesses in 2018

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For the last 27 years, the city has been working to increase the amount of city contract dollars paid to small, minority, and women-owned businesses. It finally saw success of its many efforts last year.

San Antonio’s Economic Development Department recently released the Small Business Office Annual Report for fiscal year 2018, which shows $223 million or 53 percent of city contract dollars were paid to local small, minority, and women-owned businesses (S/M/WBEs) on city contracts in which the Small Business Economic Development Advocacy (SBEDA) program was applied.

Of the 53 percent, 44 percent or $186 million was specifically paid to local minority and women-owned businesses (M/WBEs). Both the 53 percent paid to S/M/WBEs and 44 percent to M/WBEs represent the largest percent spend to date since the establishment of the SBEDA in 1992, in which a disparity study found that only 10 percent of city contract dollars were paid to S/M/WBEs.

When comparing the results of the SBEDA program between 2011 and 2018, significant progress has been made, especially for those businesses who are M/WBE. Overall, the city’s percent of dollars paid to M/WBEs has increased from 13 percent in 2011 to 44 percent in 2018, a 31 percent point gain.

Since the establishment of the advocacy program, the city has continuously increased the utilization of S/M/WBEs on city contracts by implementing various initiatives and amendments, most of which were created in 2011. These initiatives and amendments include establishing a goal-setting committee that ensures the SBEDA tools applied to a city contract result in the largest utilization of S/M/WBEs, central vendor registry to identify S/M/WBEs available to work on city contracts while also providing S/M/WBEs automatic notice of bid opportunities, and a mentor-protégé program to build the capacity of S/M/WBEs and help them continue to grow.

In 2016, additional amendments were made to the SBEDA program that expanded the use of successful tools and incentives to all industries, while also establishing new tools to help S/M/WBEs receive more contract opportunities at the prime level and not just as subcontractors.

“The city has continuously improved the SBEDA program through a data-driven process that has positively impacted our local, small, minority, and women-owned business community,” San Antonio City Manager Sheryl Sculley said. “These enhancements have strengthened the city’s overall utilization efforts across all industries, leading to significant increases at both the prime and subcontractor levels.”

The full annual report can be found here http://www.sanantonio.gov/SBO/MediaResourceCenter/SmallBusinessAnnualReport.

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Black Man produces water out of thin air!

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American Tax Geeks is Giving $112 Million to African Americans to Start Thousands of Franchises

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Nationwide — American Tax Geeks is known as the franchise company that pays all of the startup costs for it’s franchise owners. But now they’re specifically giving $112 million to African Americans to start an American Tax Geeks franchise. They pay your startup costs, provide employee training, and much much more. Their popular franchise model of paying for the startup costs of their franchise owners has allowed them to become the fastest growing franchise ever, with 10,000 locations for next tax season.

According to Derrick Smith, Director of Operations, “We have received a tremendous amount of applicants that want to become American Tax Geeks franchise owners, but we want to see more diversity with our franchise owners. We have apportioned specific amounts of resources for all minority franchise applicants and specifically we want at least 20 percent of our franchise locations to be owned by African Americans. We have allocated $112 million that will go towards paying for all of the startup costs of thousands of new African American franchise owners across the country. We pay several thousands in startup costs for each franchise owner. I encourage any African American that is an aspiring business owner to take advantage of this tremendous opportunity to become an American Tax Geeks franchise owner with absolutely no upfront startup costs.”

Furthermore, in addition to paying all of your startup costs, right now they’re also waiving their $40,000 initial franchise fee. With annual gross income for franchise owners being around $200K, it’s truly one of the best franchises opportunities ever.

And tax preparation is an industry that’s truly always in demand. The latest fiscal year count available from the IRS shows that more than 83 million taxpayers paid someone to prepare their federal tax return. American Tax Geeks franchise owners don’t need any prior tax experience because the actual tax work is performed by their employees and managers.

American Tax Geeks provides their franchise owners with a store location, employee training, marketing support, and everything that they need to get started and succeed without spending one penny. This is truly how more franchise companies need to operate.

To learn more about becoming an American Tax Geeks franchise owner, go to www.AmericanTaxGeeks.com right now, before it’s too late.

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New Rosa Parks Barbie

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Nationwide — Rosa Parks, known as the Mother of the Modern Civil Rights Movement, is being honored with a Barbie doll that resembles her. Children can now play with a toy that will truly  inspire them, but the doll is also expected to be popular with collectors.

Mattel, the makers of Barbie, is recognizing the achievements of many historical women including Rosa Parks who “made the world better for future generations of girls.”

“By celebrating their achievements with dolls made in their likeness, we hope girls will be inspired to pursue their dreams,” a spokesperson for Mattel told CNN.

The Barbie doll will feature Parks’ authentic clothing and accessories as well as educational material about her contributions to society.

The launch of the new dolls comes as part of the brand’s Inspiring Women Series which aims to honor historical role models who paved the way for generations of girls to dream bigger.

Moreover, Mattel stated that research found that girls from the age of 5 are more likely than boys to experience the “Dream Gap” wherein they could feel like their own gender isn’t smart and competent enough. To address that, showing girls more role models and telling their stories could be beneficial.

Other women who are part of the new collection are Katherine Johnson, Frida Kahlo, Amelia Earhart, and Sally Ride.

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