[ad_1]
56% of annual spending goes to small business, higher than any other company Central Virginia region
Henrico, Virginia, February 1, 2023 /PR Newswire/ — Henrico, Virginia Named one of the best locations for Black Entrepreneurs, according to Smart Asset.of richmond The metro area, including the region, was ranked 8th out of the 57 largest metro areas in the country. Metrics include number of Black-owned businesses, startup survival rate, median Black household income, and percentage of businesses with sales exceeding . $250,000, more. Since 2007, Henrico Spent $1.3 billion Small Women and Minority Owned (SWaM) businesses that account for 56% of annual spending.
“It is our mission and our honor to grow the economy for everyone. Anthony Romanero, Executive Director of the Henrico Economic Development Agency (EDA). “Here, he pays as much attention to hundreds of small businesses as his six Fortune 1000 headquarters, so more than half of the regional dollars go to his SWaM business each year.
“Entrepreneurs deserve our attention and respect. They help people buy their first cars. They buy their first homes. Introduce, increase competitiveness and keep the economic engine running – in fact, they were voted 2 communities the best place to live in the United States. Henrico’s liveliness and success. “
A 2019 report by the Small Business Administration revealed that small businesses provide 43.5% of America’s Gross Domestic Product (GDP). Meanwhile, his 2020 study by the Brookings Institution’s Metropolitan Policy Program found that if black businesses were able to reach the same average number of jobs as non-black businesses, about 1.6 million jobs would be created.
“As we move from Black History Month to Women’s History Month, I think it’s a great time to remind everyone that the health of SWaM businesses is a monthly concern,” she said. Kayla Coleman, Business Manager at Henrico EDA. “We are not helping just because we believe this is a business issue. This is a people issue. This is an economic liquidity issue, an opportunity and equality issue. It’s a matter of
SmartAsset certification comes two years after Henrico EDA announced an improved approach to supporting SWaM businesses. New ways to promote supplier diversity include conducting his one-on-one meetings with companies to discuss the needs of the supply chain, providing resources to access goods and services by SWaM businesses; This includes hosting regular webinars for education. Henrico Companies on the SWaM certification process.
This new focus on supplier diversity earned Henrico EDA a 2022 National Association of County Achievement Award. It recognizes groundbreaking programs and initiatives in various service categories.
“Our goal was to build a national reputation as a place where business owners of all cultures and backgrounds can thrive,” continues Romanello. “By working together as a community, we achieved it in just two years. People are here to be successful and do their best.Together we can achieve more.” I can’t wait to see what.”
About Henrico EDA
Located in the heart of the Eastern Seaboard, Henrico It is an AAA bonded county adjacent to of Virginia the capital of richmondEDA is your single point of contact for business development
and site selection services. Find properties and run reports using GIS tools. HenricoProperties.comFor more information on the planned high-tech manufacturing center, White Oak Technology Park, please visit www.whiteoak.com. whiteoaktechpark.com. visit Henrico.com Get the latest news and sign up to receive Property Now and Henrico Now newsletters.
Source Henrico EDA
[ad_2]
Source link
