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Study: Occupations remain racially segregated

Study: Occupations remain racially segregated

 An Economic Policy Institute study indicates black men earn lower wages than their white counterparts due to occupational segregation, the Chicago Sun-Times reported today. The study suggests about 87 percent of U.S. occupations are racially segregated, with African American men overrepresented in low-wage jobs, the Sun-Times reported.

Black business leaders blast stubborn stereotypes despite success

By Ann Meyer If you want to change the status quo, don’t give up the fight. That was a recurring theme at the Black Management Association conference that drew hundreds of minority executives Saturday to Northwestern University’s  James Allen Center in Evanston. Despite growing numbers of blacks and black-owned businesses in the United States, African […]

Cook County tops nation for black-owned firms

Cook County had more African American-owned businesses in 2007 than any other county in the nation, with 83,733 located here, the U.S. Census Bureau reported last week. Nationally, African American-owned businesses grew at three times the national rate for all businesses between 2002 and 2007, the latest year for which figures are available, according to […]

Veterans nab business benefits

Chicago business owner Derryl Caldwell credits his status as a veteran for helping his company weather the recession. Caldwell, a reservist with the Army National Guard for 9 years who has owned apparel merchandising company DC Mad Hatter at Navy Pier since 1996, said he gets special attention from the U.S. Small Business Administration. “As […]

Economy slows funding cycle, yet opportunities remain

The moment entrepreneurs accept outside capital, they need a strategy for paying back their investors. Ideally, angel funding leads to venture capital, then private equity, with the process culminating in a profitable sale or initial public offering. Entrepreneur Jai Shekhawat, founder and chief executive of Chicago technology firm Fieldglass, knows a tough economy can slow down […]

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