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OUR NetworK - THE MARKETPLACE. CASE. MBC. CFN & OUR HEALTH

The Marketplace We Serve

Small businesses are the lifeblood of the U.S. economy: they create two-thirds of net new jobs and drive U.S. innovation and competitiveness. A new report shows that they account for 44 percent of U.S. economic activity. This is a significant contribution. Small businesses with fewer than 500 employees account for 48% of American jobs and 43.5% of GDP, and they are facing an existential threat in the wake of the coronavirus crisis.

Prior to the pandemic there were 30.2 million small businesses in the U.S. accounting for 99.9% of all businesses—leaving roughly 30,000 businesses labeled as large.

Service industries (Professional, Scientific, Technical, etc.—excluding Public Administration) account for 8.58 million of the 30.2 million small businesses or 28.4% of all small businesses.

Small businesses created 1.9 million new jobs in 2015 out of a total of 2.7 million accounting for approximately 70% of all new jobs.

The Current Small Business Landscape

Large numbers of small businesses have shut down and laid off huge numbers of workers.

In a sample, 45% of small businesses were temporarily closed due to Covid-19. Total employment by these businesses declined by 40% since the end of January. The economic carnage was particularly acute at the epicenter of the American pandemic: the mid-Atlantic region that surrounds New York City. In that area, more than 55% of small businesses had closed and employment had fallen by 44%. The Pacific region, with statewide closures in California and an early outbreak in Washington, has seen equally dramatic employment reductions.

Woman-Owned Businesses Are Growing 2X Faster On Average Than All Businesses Nationwide

Women-owned businesses continue to fuel the economy and now represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion. According to the annual State of Women-Owned Businesses Report, commissioned by American Express (NYSE: AXP), in 2019, these U.S. women with diverse ethnic and geographic backgrounds started an average of 1,817 new businesses per day in the U.S. between 2018 and 2019, down only slightly from the record-setting 2018 number of 1,821.

Minority Markets Have $3.9 Trillion Buying Power

The combined buying power of blacks, Asian-Americans and Native Americans is estimated to be $2.4 trillion, while the nation’s Hispanics command $1.5 trillion in spending power.

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OUR Network MBC News & The Marketplace is a broadcasting unit of the Caribbean Americas Single Economy (CASE) & CASE Study Edu Initiative in Washington DC (in the DMVregion), focusing on small, minority, and women-owned businesses. On a weekly basis, we will report and engage on a myriad of business topics and news via our television, radio, online video streaming broadcast platforms in real-time. MBC will emerge as the channel of choice for small, minority, women-own-businesses for the latest news on business, markets, consumers and economy. MBC News broadcasting from Washington DC (DMV), and on WSTX AM 970, A Bloomberg Affiliate.

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HOSTS & CONTRIBUTORS

Carolyn E. Howell

Founder/CEO of Events USA, Executive Producer of CFN, PopUp TV & Caribbean Food & Travel Network

H. Art Taylor

Carolyn E. Howell

Host of Self-Employed and Rising Show

Yvette Wood, RN

Carolyn E. Howell

Betty J Holland Hines

Registered Nurse/Clinical Researcher & Founder/Owner of Five Legacy Group and Producer/Host of Finesse Show

Betty J Holland Hines

WEW Founder/Business Strategist. Host of Elevating Conversations

Chris Principe

Betty J Holland Hines

Yolanda "Yo" Taylor

Host of The FIT Report & Publisher, Financial IT

Yolanda "Yo" Taylor

Betty J Holland Hines

Yolanda "Yo" Taylor

Host of At the Style Table Show

Anthony Weeks

Teri Coaxum, MPA, MBA

Anthony Weeks

Managing Director/Special Economic Envoy to Taiwan-Asia Pacific Region/Executive Producer of SEDI, Inc, CASE, Kalalloo/MBC/CFN Network & Our Health Channel

Dawn Francis

Teri Coaxum, MPA, MBA

Anthony Weeks

Host of OUR Book Club Show

Teri Coaxum, MPA, MBA

Author/Educator/Small Business Advocate, Former US Small Business Administration & CEO of Coaxum Connect

Nancy Alert

Nkem Okeke, MD, MBA, MPH, MSPM

Derek Andre

Jessica Cuyler, EP

The MUZE Showcase

Elizabeth Queeley

Jessica Cuyler, EP

Dr. Marlene Mahipat

Big City Style & CFN eVogue Fashion Contributor

Dr. Marlene Mahipat

Health. Wellness Contributor

Tracy Hamlin

Dr. Marlene Mahipat

Tracy Hamlin

Tracy Hamlin Show Premiering Monday, January 31, 2022 at 7pm EST

Rita Goodroe

Dr. Marlene Mahipat

Tracy Hamlin

Rita Goodroe Show.

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OUR NetworK - THE MARKETPLACE. CASE. MBC. CFN & OUR HEALTH

The Marketplace We Serve

Learn More

HOSTS & CONTRIBUTORS

Carolyn E. Howell

Carolyn E. Howell

Carolyn E. Howell

H. Art Taylor

Carolyn E. Howell

Carolyn E. Howell

Yvette Wood, RN

Carolyn E. Howell

Betty J Holland Hines

Betty J Holland Hines

Betty J Holland Hines

Betty J Holland Hines

Chris Principe

Betty J Holland Hines

Yolanda "Yo" Taylor

Yolanda "Yo" Taylor

Betty J Holland Hines

Yolanda "Yo" Taylor

Anthony Weeks

Teri Coaxum, MPA, MBA

Anthony Weeks

Dawn Francis

Teri Coaxum, MPA, MBA

Anthony Weeks

Teri Coaxum, MPA, MBA

Teri Coaxum, MPA, MBA

Teri Coaxum, MPA, MBA

Nancy Alert

Nkem Okeke, MD, MBA, MPH, MSPM

Teri Coaxum, MPA, MBA

Nkem Okeke, MD, MBA, MPH, MSPM

Nkem Okeke, MD, MBA, MPH, MSPM

Nkem Okeke, MD, MBA, MPH, MSPM

Jessica Cuyler, EP

Jessica Cuyler, EP

Jessica Cuyler, EP

Derek Andre

Jessica Cuyler, EP

Jessica Cuyler, EP

Elizabeth Queeley

Jessica Cuyler, EP

Dr. Marlene Mahipat

Dr. Marlene Mahipat

Dr. Marlene Mahipat

Dr. Marlene Mahipat

Tracy Hamlin

Dr. Marlene Mahipat

Tracy Hamlin

Rita Goodroe

Dr. Marlene Mahipat

Tracy Hamlin

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