Archive for the ‘Business’ Category

EXCLUSIVE INTERVIEW: Congresswoman Judy Chu Comments on Challenges Businesses Face for Access to Capital

Tuesday, June 15th, 2010
Judy Chu (L), Member of Congress, talks exclusively to Ib's Blog. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

Judy Chu (L), Member of Congress, talks exclusively to Ib's Blog. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

Congresswoman Judy Chu represents the 32nd District of California.  Her assignments include serving on the House Education and Labor Committee, House Judiciary Committee, and on the Government Oversight Committee.

“I am interested in how our businesses are getting access to capital,” Chu said.

“I am interested in how our businesses are getting access to capital,” Chu said. Photo Credit: Ibrahim Dabo.

She spoke exclusively to Ib’s Blog about the Minority Business Development Agency (MBDA) annual summit held in Washington, D.C. in June, and businesses getting access to capital.

“I am interested in how our businesses are getting access to capital,” Chu said.

“So of course, I am interested in MBDA and how it is functioning and also on the overall question of how our federal government is servicing out businesses.”

Chu said she has heard some of the horror stories from businesses and the banks aren’t quite lending just yet.

“We still have some work to do and yet the capital is what will make the businesses prosper and allow them to expand and also to allow them not to shrink, too,” Chu said.

Congresswoman Chu (L) and Ibrahim Dabo (R)

Congresswoman Chu (L) and Ibrahim Dabo (R). Photo Credit: Christian Antalics.

Chu said Minority Business Enterprise (MBE) inclusion is vital as well as outreach programs to keep businesses informed about some of the latest developments.

“I think it is really important to encourage minority businesses to participate,” Chu said.

“Actually, I think there is a real deficit in terms of our minority businesses really knowing about these programs and so they have to get… and do an even better job of outreach.

“There needs to be aggressive outreach through the publications that they read but also there has to be opportunities for them to mix.

“And so outreach, conferences and seminars are really important.”   

Also See:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Football United: From civil war in Sierra Leone to USA success, football lends a hand (Goal.com interviews its former Africa Editor, Ibrahim Dabo)
· Annual Minority Business Development Agency Summit Opens Doors of Opportunities and Addresses Vital Issues
· MBE Inclusion Is Critically Important for Economic Growth, U.S. Senator Bob Menendez Tells IB’s Blog

 

EXCLUSIVE INTERVIEW: MBE Inclusion Is Critically Important for Economic Growth, U.S. Senator Bob Menendez Tells IB’s Blog

Monday, June 14th, 2010
U.S. Senator Robert Menendez talks about minority business inclusion and economic growth in the U.S. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

U.S. Senator Robert Menendez talks about minority business inclusion and economic growth in the U.S. Interview by Ibrahim Dabo. Photo Credit: Christian Antalics.

United States Senator from New Jersey, Robert Menendez, who serves on the Senate Committees on Finance; Banking, Housing and Urban Affairs; Energy and Natural Resources; and Foreign Relations, spoke exclusively to Ib’s Blog on the importance of Minority Business Enterprise (MBE) inclusion in America.

“I think it is critically important, not just for the minority communities that are represented in the various private sectors but for the country,” Menendez said.

"The better that MBEs do, the better the nation will collectively do," Senator Menendez.

"The better that MBEs do, the better the nation will collectively do," Senator Menendez.

Menendez said a growing minority population is likely to bolster the U.S. economy.

“If we look at the last census, and as we await the new census, the greatest rate of growth is among members of the minority community which means that that is the greatest rate of possibility for the country’s economic growth.

“So the better that Minority Business Enterprises do, the better the nation will collectively do at the end of the day.

“I see it far beyond just doing right thing by Minority Business Enterprises.

“I see it as being critical to the growth of the nation’s economy,” said Menendez, who in October 2009, released his first book, Growing American Roots.

Also See:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Football United: From civil war in Sierra Leone to USA success, football lends a hand (Goal.com interviews its former Africa Editor, Ibrahim Dabo)
· Annual Minority Business Development Agency Summit Opens Doors of Opportunities and Addresses Vital Issues

Annual Minority Business Development Agency Summit Opens Doors of Opportunities and Addresses Vital Issues

Sunday, June 13th, 2010
Above: U.S. Senator Robert Menendez. He said small businesses drive a good part of the U.S. economy.

Above: U.S. Senator Robert Menendez speaking at a Congressional Dinner at the Minority Business Development Agency's summit in Washington, D.C. Report and interviews by Ibrahim Dabo. Photo Credit: Ibrahim Dabo and Christian Antalics.

The Minority Business Development Agency (MBDA) at the U.S. Department of Commerce held its second annual summit in Washington, D.C. between June 8 and June 9. The two-day event brought together minority entrepreneurs, thought leaders, practitioners and stakeholders.

Senator Menendez said minority businesses drive a good part of the U.S. economy

Senator Menendez said minority businesses drive a good part of the U.S. economy

The main goal of the conference was to “strengthen public policies and programs directed at fostering the growth and competitiveness of Minority Business Enterprises.”

Discussions held at the summit included:

  • the legal landscape confronting race-based business programs
  • revised regulations and policies associated with minority business programs
  • new programs and strategies for minority business growth
  • legislative activities of stakeholders and Congress

A congressional reception was held in a historic room in the Russell Senate Office Building on Capitol Hill to mark the closing of the summit. 

The summit answered vitals questions from attendees and opened doors of opportunities and collaboration

The summit answered vitals questions from attendees and opened doors of opportunities and collaboration

U.S. Senator for New Jersey, Robert Menendez, who serves on the Senate Committees on Finance; Banking, Housing and Urban Affairs; Energy and Natural Resources; and Foreign Relations, spoke at the gathering on access to capital, in terms of capital formation to be able to grow and expand.

Menendez said it then moves on to how do we get our community represented in the corporate boards of America.

He said being on a corporate board, having senior executive management and making sure that there is significant procurement by Corporate America into our respective communities is critically important for growth and for those companies.

Then they come to understand that members of our communities sitting on the corporate boards and the senior executive management can help their bottom-line, Menendez said, adding that “while at the same time creating investments in our community because we know where the opportunities are to make an investment that will produce income.”

Menendez said minority businesses drive a good part of the nation’s economy, even in difficult times.

He said as someone who voted for the Stimulus Package, he is disappointed about the way federal contracts are awarded under the Recovery Act to minority businesses.

Menendez said 18% has been awarded to minority businesses “and frankly 18% is not enough.”

“Minority-owned firms are less likely to receive loans than non-minority-owned firms regardless of their size,” Menendez said.

Congresswoman Judy Chu is interested in collaborating with the MBDA to help businesses thrive.

Congresswoman Judy Chu is interested in collaborating with the MBDA to help businesses thrive.

Judy Chu, member of the United States Congress, 32nd District, California, commended the MBDA for its role in helping with recovery from the economic recession.

“I am particularly interested in [working with] the MBDA and making sure that we make the connections that are necessary so that our businesses will be able to thrive,” Chu said.

Giving a reflection of the summit, Daniel Fahey, president/CEO of DanSources Technical Services, Inc., told Ib’s Blog in an interview that, “there is going to be some associations and synergies in business; it was interesting meeting the senator and the congresswoman and hearing what they had to say.”

L-R: Tim Fahey, Daniel Fahey, & Ibrahim Dabo

L-R: Tim Fahey, Daniel Fahey, & Ibrahim Dabo

Fahey said he listened to the fact that there is a big interest in trying to do business with more small businesses instead of giving the work to large businesses that sometimes have high prices and kind of sluggish.

He said small businesses tend to be more flexible and in time to get work done because they have a little bit of pride.   

“One of the things I thought was interesting is that we went to the White House to find out more about what the administration is doing and they are very much on target on really supporting small business and minority-owned businesses here in D.C. and throughout the United States,” said Tim Fahey, president of Dirigo Agency.

Susan Eddington is working on a project for the State of Louisiana.

Susan Eddington (R) is working on a project for the State of Louisiana.

“They are very sharp, very organized people, and I think all you have to do is ask a few questions and they have everything lined up.”

Susan J. Eddington, president of IMAGES-IMAGES, Inc., said the summit was very successful and she was able to make some connections for an energy efficiency conservation initiative she is working on for the State of Louisiana.

Linda Brown (L) relocated to D.C. a year ago and started a new company

Linda Brown (L) relocated to D.C. a year ago and started a new company

“I wanted to get some knowledge base for what are some of the expectations from the different government agencies and what are some of the things they are looking for from minority businesses and also to network,” said Linda Brown, senior consultant, Brown Leadership Style Consulting.

“The last two days has been very informative,” Brown said, adding that the clientele of participants who sat on the panels shared information on who they are and what they are looking for as an agency for others to conduct business with them.

“Also what are some of the new programs that’s come about to be very inclusive and expansion of potential opportunities,” Brown said.

Cain Contracting Named MWMCA’s MBE of the Year; Governor O’Malley Talks about Maryland’s Positive Job Creation

Tuesday, May 18th, 2010
L-R: Wayne Frazier, Sr., (President, Md. Washington Minority Contractors' Association, Inc) & Martin O'Malley, Governor of Maryland. Report and photos by Ibrahim Dabo.

L-R: Wayne Frazier, Sr., (President, Md. Washington Minority Contractors' Association, Inc) & Martin O'Malley, Governor of Maryland. Report and photos by Ibrahim Dabo.

Md. Washington Minority Contractors’ Association, Inc. (MWMCA) on May 14, 2010, hosted its 7th Annual Spring Breakfast/Annual Meeting at Martin’s West, Baltimore, Maryland.

The colorful event honored some of the State’s finest and most influential leaders.

Wayne Frazier, Sr., president of  MWMCA, a leading advocate for minority business inclusion, welcomed guests to one of the biggest celebrations of the year.

Martin O’Malley, Governor of Maryland, received the “Most Distinguished Leader of the Year for Minority Business Enterprise” Award.

Gov. O'Malley was named MWMCA's “Most Distinguished Leader of the Year for Minority Business Enterprise”

Gov. O'Malley was named MWMCA's “Most Distinguished Leader of the Year for Minority Business Enterprise”

During his remarks, O’Malley gave a statistics on jobs that have been supported and those that will be created going forward.

These include 20,000 construction jobs that have been supported this year. As many as 800 jobs will be created when General Motors embarks on building electric motors for next generation in Maryland.

“And here is the good news,” said O’Malley, “according to the Bureau of Labor Statistics, our State, Maryland, created more jobs in March than any other State in the union.”

Maryland reportedly created more than 35, 000 jobs.

Sen. Barbara Mikulski gave uplifting comments at the Spring Breakfast

Sen. Barbara Mikulski gave uplifting comments at the Spring Breakfast

Sen. Barbara A. Mikulski, while giving her remarks, talked about leadership creating the mindset, reminding Minority Business Enterprises (MBEs) —and everyone in general—about the vital role leadership values play in attaining one’s goals.

“Leadership is about both management and vision,” Mikulski said.

Sen. Mikulski talked about the need for realistic goals to be set and taking the right measures to accomplish them.

Perhaps, one of the most captivating moments was when Andra Cain was announced the Minority Business Enterprise of the Year.

He marched on to the stage with a standing ovation.

Andra Cain received the "Minority Business Enterprise of the Year" Award

Andra Cain received the "Minority Business Enterprise of the Year" Award

Cain is president of Cain Construction, Inc., a company he founded in April 2000, and has led it to becoming the Greater Baltimore area’s 3rd largest Minority-owned Construction firm and the 15th largest Minority Business Enterprise, according to the Baltimore Business Journal.

Cain Contracting, Inc. employs more than 65 people and undertakes projects in Pennsylvania, Virginia, Delaware, Maryland, and the District of Columbia.

In an interview, Cain said: “Cain Contracting takes MBE participation very seriously. Not only do we hold General Contractors to a higher standard, we also hold ourselves to that standard.”

Among other officials in attendance were Stephanie Rawlings-Blake, Mayor of Baltimore; Congresswoman Donna Edwards, and Senator Benjamin Cardin.

Bernadette Woods, meteorologist at WJZ TV (Channel 13), also 2006 Emmy Award winner for Best Weathercast, was Master of Ceremonies at the Spring Breakfast.

MWMCA's Spring Breakfast was packed with professionals from all walks fo life

MWMCA's Spring Breakfast was packed with professionals from all walks of life

The complete 2010 honoree listings are as follows:

Baltimore County Public Schools

“Public School District of the Year for Minority Business Enterprise”

Andra Cain

President

Cain Contracting, Inc.

“Minority Business Enterprise of the Year”

Concrete General, Inc.

“Prime Contractor of the Year for Minority Business Enterprise”

Luwanda Jenkins

Special Secretary

Governor’s Office of Minority Affairs

“Most Supportive Government Agency for Minority Business Enterprise”

Frances Borzymowski

President

Fleet Electric, Inc.

“Lifetime Achievement Award for Minority Business Enterprise”

Beverley K. Swaim-Staley

Secretary

Maryland Department of Transportation

“Most Inclusive Government Leader of the Year for Minority Business Enterprise”

Mansco Perry, III, CFA

Maryland State Retirement and Pension System

“Most Inclusive Investment Officer of the Year for Minority Business Enterprise”

Governor Martin O’Malley

“Most Distinguished Leader of the Year for Minority Business Enterprise”

Pepco Holdings, Inc.

“Most Inclusive Utility Company of the Year for Minority Business Enterprise”

PNC Bank

“Financial Institution of the Year for Minority Business Enterprise”

State Senator Catherine E. Pugh

“Legislator of the Year for Minority Business Enterprise”

Kinsley Construction
“Prime Contractor of the Year for Minority Business Enterprise”

See Photo Album Below:

MWMCA 2010 Annual Spring Breakfast

Also See:
·  Goal.com Exclusive Interview with former Africa Editor, Ibrahim Dabo
· MWMCA to Host Its 7th Annual Spring Breakfast; Gov. O’Malley and Other Influential Leaders To Be Honored
·
Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan
. Exclusive Interview/Profile: How Randal Pinkett Pulled Off Five Degrees To Lead A Multimillion Dollar Company
. “Future 50” Executives Honored at SmartCEO’s Star-studded Awards Gala in Baltimore
. Minority Businesses Prepare For Multi-million Dollar Gaming Industry In Maryland

Think Green, Go Green – Green Energy Business Opportunity Conference Highlights the Importance of a Green Economy

Monday, May 17th, 2010
Green Energy Business Opportunity Conference trailblazers who have demonstrated excellence in the Green Economy. Report and photos by Ibrahim Dabo.

Above: Honorees pose for a photo. Green Energy Business Opportunity Conference honors companies and agencies that have contributed significantly to the Green Economy. Report and photos by Ibrahim Dabo.

In an era where almost every major organization and government agency—and individuals, too—are thinking “green”, also comes opportunities and education in a move to help foster the technologies that make green energy initiatives a reality.

The Energy Power Reception provided networking opportunities for organizations and agencies actively involved in the Green Economy.

The Energy Power Reception provided networking opportunities for organizations and agencies actively involved in the Green Economy.

Energy, Efficiency, and Renewables are seen as “The New Frontier.”

That is why between May 12-13, 2010, The Presidents’ Roundtable, Inc. powered the Green Energy Business Opportunity Conference, held at the Baltimore Convention Center in Maryland.

The event featured high profile speakers, moderators and panelists.

An Energy Power Reception, which provided an unprecedented opportunity for business and government agencies with active roles in the Green Economy to network, kicked off the entire conference.

The reception was followed by an Energy Star Award ceremony.

The Energy Star Award Recipients were chosen from the following categories: Education (Baltimore City Community College and LA Trade-Technical College), Green Economy Innovator (The Dream Collaborative), Public/Private Partnership (Department of General Services and BITHGROUP Technologies, Inc), and Diverse Supplier Outreach (Johnson Controls, Inc).

Stanley W. Tucker, President of The Presidents' RoundTable, welcomed participants at the conference and presented the awards.

Stanley W. Tucker, President of The Presidents' RoundTable, welcomed participants at the conference and presented the awards.

Stanley W. Tucker, president of The Presidents’ RoundTable said his organization is pleased to support the green initiative, especially as this year promises vital developments for minority entrepreneurs and businesses in general.

“We are all facing challenges not imagined,” Tucker said. “This economic climate and emergence of focus on the green economy and energy efficiency is going to change the landscape, which makes this Green Energy Business Opportunity Conference a valuable venue for obtaining critical and current information.”

Representing Governor Martin O’Malley and Lt. Governor Anthony Brown was Raymond Skinner, secretary of the Department of Housing and Community Development.

Ray Skinner spoke on Maryland's Weatherization Assistance Program. More than $61 million in federal American Recovery and Reinvestment Act (ARRA) funds will be geared toward that program.

Ray Skinner spoke on Maryland's Weatherization Assistance Program. More than $61 million in federal American Recovery and Reinvestment Act (ARRA) funds will be geared toward that program.

“We are very fortunate here in Maryland that the Federal priorities and the State’s priorities are so closely intertwined,” Skinner said, adding that Governor O’Malley’s EmPOWER Maryland Program aims to reduce energy consumption by 15 percent by 2015.

“Under the governor’s leadership, our State has embarked on an ambitious initiative to include energy efficiency of our homes and communities in new ways to reduce our carbon footprint and to make smarter choices about how we plan our communities,” Skinner said, adding that this is what Maryland’s Smart, Green & Growing Initiative is about.

Mr. Skinner said his agency has received over $61 million for their Weatherization Assistance Program to conduct energy audits and improve energy efficiency in the homes of more than 6,800 working families while creating more than 300 green technology jobs.

Mr. Skinner said the average family will save about $413 a year in their energy bill once their home is weatherized.

An expo and industry networking added a monumental value to a well worth and well attended two-day event.

L-R: Stanley Tucker and Lucious Anderson (Vice-President for Business & Continuing Education, Baltimore City Community College).

L-R: Stanley Tucker and Lucious Anderson (Vice-President for Business & Continuing Education, Baltimore City Community College).

Some of many key names to have participated in the conference include Elijah Cummings (United States Congress), Alvin Collins (Secretary, Maryland Department of General Services), Christian Johansson (Secretary, Maryalnd Department of Business and Economic Development), Luwanda Jenkins (Special Secretary, Governor’s Office of Minority Affairs), Gregory Minott (Founding principal, D.R.E.A.M Collaborative), Robert Wallace (President, BITHGROUP Technologies, Inc), Douglas Nazarian (Chairman, Maryland Public Service Commission), and Kenneth W. DeFontes Jr. (President and Chief Executive Officer, Baltimore Gas and Electric Company – BGE).

See Photo Album Below:

Green Energy Business Opportunity Conference – 2010

Also See:
·  Goal.com Exclusive Interview with former Africa Editor, Ibrahim Dabo
·  Cain Contracting Named MWMCA’s MBE of the Year; Governor O’Malley Talks about Maryland’s Positive Job Creation
· MWMCA to Host Its 7th Annual Spring Breakfast; Gov. O’Malley and Other Influential Leaders To Be Honored
·
Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan
. Exclusive Interview/Profile: How Randal Pinkett Pulled Off Five Degrees To Lead A Multimillion Dollar Company
. “Future 50” Executives Honored at SmartCEO’s Star-studded Awards Gala in Baltimore
. Minority Businesses Prepare For Multi-million Dollar Gaming Industry In Maryland

MWMCA to Host Its 7th Annual Spring Breakfast; Gov. O’Malley and Other Influential Leaders To Be Honored

Wednesday, May 12th, 2010
MWMCA will host its annual Spring Breakfast/Annual Meeting at Martin's West on May 14.

MWMCA will host its annual Spring Breakfast/Annual Meeting at Martin's West on May 14.

Maryland’s premier advocate for Minority Business Enterprise (MBE) inclusion, Md. Washington Minority Contractors’ Association, Inc (MWMCA), will on Friday, May 14, host its 7th Annual Spring Breakfast/Annual Meeting.

L-R: Gov. Martin O'Malley & Ibrahim Dabo. Gov. O'Malley will received the “Most Distinguished Leader of the Year for Minority Business Enterprise” Award

L-R: Gov. Martin O'Malley & Ibrahim Dabo. Gov. O'Malley will receive the “Most Distinguished Leader of the Year for Minority Business Enterprise” Award

The theme for this year’s event is “ONE MARYLAND, #1 In America For Minority Business.”

Among this year’s 12 honorees are Martin O’Malley, Governor of Maryland, who will receive the “Most Distinguished Leader of the Year for Minority Business Enterprise” Award.

Catherine E. Pugh, State Senator, District 40, Baltimore City, has been named “Legislator of the Year for Minority Business Enterprise”; and Andra Cain, President, Cain Contracting, Inc., has been named “Minority Business Enterprise of the Year”.

Luwanda Jenkins, Special Secretary, Governor’s Office of Minority Affairs, has been named “Most Supportive Government Agency for Minority Business Enterprise”.

L-R: Sen. Catherine Pugh & Ibrahim Dabo. Sen. Pugh will receive the “Legislator of the Year for Minority Business Enterprise”

L-R: Sen. Catherine Pugh & Ibrahim Dabo. Sen. Pugh will receive the “Legislator of the Year for Minority Business Enterprise”

“MWMCA plays a very, very important connecting role for minority-owned businesses in our State.

“In this time, where we are powering through this national and global recession, it is critically important for us to be connected to information, technical assistance, and the opportunities that allow us to start growing the economic power in our State,” said Gov. O’Malley.

Gov. O’Malley added that minority businesses are a very, very important part of our economic development strategy in Maryland.

“The fact that we have a diverse contractor and subcontractor pool means that we are far more competitive than other States in attracting federal investment for the important national missions that go on within Maryland, and were it not for the minority businesses, those dollars would not be coming to Maryland,” Gov. O’Malley said.

L-R: Ibrahim Dabo & Wayne Frazier, Sr., president of MWMCA

L-R: Ibrahim Dabo & Wayne Frazier, Sr., president of MWMCA

Wayne Frazier, Sr., president of MWMCA said: “Having Governor O’Malley and The Cordish Company in the same room at the same time discussing the future of our State in regards to gaming is a very powerful occurrence.”

The Cordish Company, which was recently awarded a two billion-dollar Las Vegas sports and entertainment complex development, will present a video plan of a major project they will undertake in developing Maryland’s first entertainment and casino complex at Arundel Mills.

L-R: Luwanda Jenkins & Ibrahim Dabo. Secretary Jenkins will receive the Most Supportive Government Agency for Minority Business Enterprise”

L-R: Luwanda Jenkins & Ibrahim Dabo. Secretary Jenkins will receive the "Most Supportive Government Agency for Minority Business Enterprise” Award

Andra Cain, president of Cain Contracting, Inc., continues to excel.

“Cain Contracting takes MBE participation very seriously. Not only do we hold General Contractors to a higher standard, we also hold ourselves to that standard,” Cain said. 

Sharing advice with other Minority Business Enterprises, Mr. Cain said: “The best advice I can give to other MBEs you have to sustain, know where you stand, and your limitations and qualifications.

“Build your resume; and the most important thing I can tell you is that you cannot start out on the $10 million-dollar projects. Start where you are comfortable and build your business from there.”

More than 1,000 guests from private and government agency sectors have already registered to attend MWMCA’s breakfast, which has been dubbed as the biggest networking event of the year.

There will be a vendor expo before and after the event, which has been slated for 7:30am to 11:00am at Martin’s West, 6817 Dogwood Road, Baltimore, MD 21244. For more information, visit http://www.mwmca.org/home.

The complete 2010 honoree listings are as follows:

Baltimore County Public Schools

“Public School District of the Year for Minority Business Enterprise”

L-R: Andra Cain & Ibrahim Dabo. Mr. Cain will receive the “Minority Business Enterprise of the Year” Award

L-R: Andra Cain & Ibrahim Dabo. Mr. Cain will receive the “Minority Business Enterprise of the Year” Award

Andra Cain

President

Cain Contracting, Inc.

“Minority Business Enterprise of the Year”

Concrete General, Inc.

“Prime Contractor of the Year for Minority Business Enterprise”

Luwanda Jenkins

Special Secretary

Governor’s Office of Minority Affairs

“Most Supportive Government Agency for Minority Business Enterprise”

Frances Borzymowski

President

Fleet Electric, Inc.

“Lifetime Achievement Award for Minority Business Enterprise”

Beverley K. Swaim-Staley

Secretary

 Maryland Department of Transportation

“Most Inclusive Government Leader of the Year for Minority Business Enterprise”

 Mansco Perry, III, CFA

 Maryland State Retirement and Pension System

“Most Inclusive Investment Officer of the Year for Minority Business Enterprise”

 Governor Martin O’Malley

“Most Distinguished Leader of the Year for Minority Business Enterprise”

 Pepco Holdings, Inc.

“Most Inclusive Utility Company of the Year for Minority Business Enterprise”

 PNC Bank

“Financial Institution of the Year for Minority Business Enterprise”

 State Senator Catherine E. Pugh

“Legislator of the Year for Minority Business Enterprise”

 Kinsley Construction
“Prime Contractor of the Year for Minority Business Enterprise”

Also See:
· Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan
. Exclusive Interview/Profile: How Randal Pinkett Pulled Off Five Degrees To Lead A Multimillion Dollar Company
. “Future 50” Executives Honored at SmartCEO’s Star-studded Awards Gala in Baltimore
. Minority Businesses Prepare For Multi-million Dollar Gaming Industry In Maryland

Cathy Hughes, founder of Radio One, Adds Humor To Her Keynote At Business Summit As She Urges Entrepreneurs To Exercise Faith

Wednesday, March 3rd, 2010
"I honestly believe, that faith is a key to achieving your entrepreneurial goals," Hughes said. Photo Credit and report: Ibrahim Dabo.

"I honestly believe that faith is one of the key elements in achieving your entrepreneurial goals," Hughes said. Photos, video, and report: Ibrahim Dabo.

The Women of Influence Breakfast and Awards ceremony at the 11th Minority Business Summit in Baltimore on Feb. 19, 2010 experienced an uplifting message of faith, as successful woman entrepreneur, Catherine Hughes, founder of Radio One, Inc., in her keynote address, spoke about how spirituality can play a role to success and turn fortunes around even in a challenging economy.

Cathy Hughes, founder of Radio One, Inc., owns 53 radio stations in the U.S. She encouraged business owners to give up failure in order to succeed.

Cathy Hughes, founder of Radio One, Inc., owns 53 radio stations in the U.S. She encouraged business owners to give up failure in order to succeed.

Also bringing humor to the stage, Ms. Hughes challenged entrepreneurs to not be discouraged as a result of the economic downturn, but to be inspired and work hard until they see their business thrive.

“I honestly believe that faith is one of the key elements in achieving your entrepreneurial goals,” Ms. Hughes said, adding that having faith in God and yourself, and to know and to feel that if you truly do everything that you can humanly do to make your venture a success, then God will bless you.

Making reference to the week, which marked the beginning of the 2010 Christian season known as lent, Ms. Hughes said it is a time that churches encourage people to give up something.

L-R: Cathy Hughes and Stephanie Rawlings-Blake (Mayor of Baltimore).

L-R: Cathy Hughes and Stephanie Rawlings-Blake (Mayor of Baltimore).

Ms. Hughes added that as a reader of the daily Word, she came across a message about belief, and the teaching for the day was about inspiring us to focus on positivity.

“The message of the day was telling us that what we should give up for lent is failure,” Hughes said.

Talking about crippling the competition, Ms. Hughes spoke on the need for minority businesses to unite in business ventures.

L-R: Luwanda Jenkins (Special Secretary, Governor's Office of Minority Affairs) and Ibrahim Dabo (Founder, Ib's Blog).

L-R: Luwanda Jenkins (Special Secretary, Governor's Office of Minority Affairs) and Ibrahim Dabo (Founder, Ib's Blog).

“I do not believe that black-owned and women-owned businesses are large enough to as of yet to be in competition with each other,” Hughes said. “We are in competition with majority-owned companies, not minorities.”

“If there were ever a time when business women needed a partnership, to bond and look out for each other in deals and in opportunities, that time is now,” Hughes said.

Ms. Hughes is Chairperson of the board of directors and Secretary at Radio One, the largest African American-owned and operated broadcast company in the U.S.

She founded the company which now has 53 radio stations in sixteen markets and a cable network - TV One.

L-R: LaRian L. Finney (President and CEO, Visionary Marketing Group, Inc.) and Cathy Hughes.

L-R: LaRian L. Finney (President and CEO, Visionary Marketing Group, Inc.) and Cathy Hughes.

Ms. Hughes said there are more than 11,000 licensed radio stations in the country and 240 of them are owned by blacks.

While mentioning the importance of black radio to people of color, Ms. Hughes that the above mentioned statistics is nothing to be proud of, adding that it is “shameful.” 

Ms. Hughes concluded her keynote by reminding everyone to give up failure and make that for life.

The Women of Influence Award winners are as follows:

Business – Sheila Dews Johnson, McCormick & Company

Politics – Lisa Harris Jones, Esq, Harris Jones & Malone

Education – Senator Joan Carter Conway

Advocacy – Donna Jacobs, University of Maryland

The event was powered by Visionary Marketing Group, Inc. Among attendees were the Mayor of Baltimore, Stephanie Rawlings-Blake; Baltimore City Council President, Bernard C. “Jack” Young; and Special Secretary, Governor’s Office of Minority Affairs, Luwanda W. Jenkins.

Click on video below to watch Ms. Hughes’ Keynote address:

Also see:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Panel Of Experts Discuss Innovations In Science At The BEYA STEM Global Competitiveness Conference And Highlight The Importance Of Health Care IT
· Ibrahim Dabo to Speak at Harford Day School on International Day
· 24th BEYA Global Competitiveness Conference Opens Doors Of Opportunities In STEM Programs And Celebrates Excellence
· Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan

Baltimore Business Journal’s POWER 20 Honors Top Business Professionals In Greater Baltimore For Excellence

Sunday, February 28th, 2010
L-R: David Troy (founder of Roundhouse Technologies) receives his award from John Dinkel (Publisher, Baltimore Business Journal)

L-R: David Troy (founder of Roundhouse Technologies) receives his award from John Dinkel (Publisher, Baltimore Business Journal). Photo Credit: Ibrahim Dabo.

Baltimore Business Journal on Feb. 25, 2010 hosted its POWER 20 event at the Hilton Baltimore Hotel. A fine selection of beer and wine got the evening to a perfect start as business professionals, senior-level executives, along with Ib’s Blog mixed and mingled.

Ibrahim Dabo congratulates POWER 20 honoree Atwood "Woody" Collins, III, (Mid-Atlantic region president & chief operating officer, M&T Bank). Photo Credit: Olivier Rousset.

L-R: Ibrahim Dabo congratulates POWER 20 honoree Atwood "Woody" Collins III, (Mid-Atlantic region president & chief operating officer at M&T Bank). Photo Credit: Olivier Rousset.

The prestigious cocktail reception and awards ceremony honored a list of 20 men and women who are changing the shape of Greater Baltimore’s business landscape.

“Despite a challenging economy, there are still many businesses out there that are thriving. The Baltimore Business Journal’s POWER 20 award winners are an attestation that success can be achieved not matter what the circumstances are,” said Ibrahim Dabo, founder/blogger of Ib’s Blog.

“I congratulate and wish all the honorees continued success.”

POWER 20 WINNERS LIST

Lt. Gen. Keith Alexander – Director, National Security Agency 

Peter G. Angelos – Head of Law Offices of Peter G. Angelos/majority owner of Baltimore Orioles 

Anirban Basu – CEO, Sage Policy Group 

Dr. Peter Beilenson – Howard County Health Officer 

Atwood “Woody” Collins III – Mid-Atlantic region president, M&T Bank 

David S. Cordish – President, The Cordish Cos. 

Jim Davis – Chairman & Founder, Allegis Group Inc. 

Donald C. Fry – President & CEO, Greater Baltimore Committee 

Randall M. Griffin – CEO, Corporate Office Properties Trust 

Willard Hackerman – CEO, Whiting-Turner Co. 

Freeman A. Hrabowski III – President, University of Maryland, Baltimore County 

John F. Lundgren – CEO & Chairman, Stanley Works 

Dr. Edward D. Miller – CEO, Johns Hopkins Medicine; Dean, Johns Hopkins University School of Medicine 

Mayo A. Shattuck III – Chairman & CEO, Constellation Energy Group Inc. 

Gary B. Smith – President/CEO/Director, Ciena Corp. 

Kathleen T. Snyder – President/CEO, Maryland Chamber of Commerce 

Julie Ellen Squire – Assistant Secretary, Division of Unemployment Insurance 

Maurice B. Tosé – Founder, CEO, President & Chairman, TeleCommunication Systems Inc. 

David Troy – Founder, Roundhouse Technologies 

Arnold M. Weiner – Managing Partner, Law Offices of Arnold M. Weiner

Click on album below for photos:

Baltimore Business Journal’s POWER 20

Also see:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Panel Of Experts Discuss Innovations In Science At The BEYA STEM Global Competitiveness Conference And Highlight The Importance Of Health Care IT
· Ibrahim Dabo to Speak at Harford Day School on International Day
· 24th BEYA Global Competitiveness Conference Opens Doors Of Opportunities In STEM Programs And Celebrates Excellence
· Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan

BGE Seeks To Fulfill Its Minority Participation Goal With Millions Of Dollars In Available Contracts

Friday, February 26th, 2010
W. Maurice Bridges. Report and Audio by Ibrahim Dabo. Photo Credit: Ibrahim Dabo.

W. Maurice Bridges (director of Supplier Diversity at BGE). Report and Audio by Ibrahim Dabo. Photo Credit: Ibrahim Dabo.

Baltimore Gas and Electric (BGE) is undergoing transformation and will have available contracts worth millions of dollars that minority and Service-Disabled Veteran-owned businesses can take advantage of.  

L-R: LaRian Finney (president, Visionary Marketing Group, Inc) presents the Diversity Champion Award to W. Maurice Bridges (director of Supplier Diversity at BGE). Photo Credit: Olivier Rousset.

L-R: LaRian Finney (president, Visionary Marketing Group, Inc) presents the Diversity Champion Award to W. Maurice Bridges (director of Supplier Diversity at BGE). Photo Credit: Olivier Rousset.

After receiving Visionary Marketing Group’s “Diversity Champion Award” at the 11th Minority Business Summit in Baltimore on Feb. 18, W. Maurice Bridges, director of Supplier Diversity at BGE, said his organization will be spending millions of dollars in the next few years on contracts.

“If you look at our footprint, a large percentage of our customer-base are African Americans and people of color and as a result of that, part of that transformation is we are not satisfied with the amount of contracts that are being awarded to minority women and Service-Disabled Veterans,” Bridges said.

In 2009, BGE President Kenneth W. DeFontes renewed a commitment with the Public Service Commission.

“What that means is that 25 percent of all the goods and services, ultimately, we’d like to see awarded to people of color,” Bridges said, adding that the company has so far accomplished a goal of about 10.2 percent.

W. Maurice Bridges

BGE is going to be a little bit more sophisticated, said W. Maurice Bridges. Photo Credit: Ibrahim Dabo.

Mr. Bridges said there are lots of opportunities business can take advantage of as BGE moves from its current state to a future state, noting that there are additional contracts worth between the region of $75 and $100 million.

He said as part of transformation BGE was recently awarded a $200-million grant from the federal government for Smart Grid.

“So what this means is we are going to be a little bit more sophisticated,” Bridges said.

“We are going to be able to send you a text or email on your Iphone or your laptop so that you can make the adjustment at home for your temperature and for energy conservation.”

Bridges said BGE will be sending out a lot of Request For Proposals (RFPs) for business opportunities that include meter installation and energy audits at home.

“The other thing that we are doing at BGE is we are upgrading our complete infrastructure. So we are spending 75 to 80 million dollars per year for the next four to five years on underground construction. So you need to be focused very much on some of the contracts that may be awarded over the next several years,” Bridges said, adding that vegetation management is another very lucrative business opportunity.

W. Maurice Bridges

W. Maurice Bridges. 25 percent of BGE's goods and services should be awarded to people of color. Photo Credit: Ibrahim Dabo.

“One of the things that we hope to do is, as we award some of the contracts, this is really about economic reciprocity and we’d like to create some of the economic development opportunities for our customer-base,” Bridges said.

“We give preference to Maryland-based firms, even though we are not restricted to that.”

Bridges said that the utility sector in particular promises opportunities with smart grid and that businesses should get in touch with organizations such as the Minority Supplier Development Council and the President’s Roundtable to learn more.

| Click here to listen to Mr. Bridges’ comments |

Also see:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Ibrahim Dabo to Speak at Harford Day School on International Day
· 24th BEYA Global Competitiveness Conference Opens Doors Of Opportunities In STEM Programs And Celebrates Excellence
· Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan
· Ib’s Blog Newsletter Issue Number Two Released

Exclusive Interview/Profile: How Randal Pinkett Pulled Off Five Degrees To Lead A Multimillion Dollar Company

Wednesday, February 24th, 2010
L-R: Dr. Randal Pinkett, Chairman and CEO of BCT Partners, being interview by Ibrahim Dabo. Dr. Pinkett said: "we need to find strength in numbers." Photo Credit: Olivier Rousset.

L-R: Dr. Randal Pinkett, Chairman and CEO of BCT Partners, being interviewed by Ibrahim Dabo. Dr. Pinkett said: "We have to really find strength in numbers." Photo Credit: Olivier Rousset.

It comes as no surprise that he is heading a multimillion dollar company which he co-founded. His educational background is without question exceptional, and his leadership qualities continue to shine so bright like a star. And, he has no plans of slowing down either.

Above: Dr. Pinkett gave the keynote at the 11th Minority Business Summit held at the Baltimore Hilton Hotel. Photo Credit: Ibrahim Dabo.

Above: Dr. Pinkett gave the keynote at the 11th Minority Business Summit held at the Baltimore Hilton Hotel. Photo Credit: Ibrahim Dabo.

The mover and shaker being referred to is no one other than Dr. Randal Pinkett, chairman and CEO of BCT Partners, a management, technology and policy consulting firm based in Newark, New Jersey.

Dr. Pinkett holds five academic degrees: Bachelor of Science in Electrical Engineering from Rutgers University (with a Grade Point Average of 3.9, while heavily involved in extracurricular activities), Master of Science in Computer Science from Oxford University in the United Kingdom as a Rhodes Scholar, Master of Science in Electrical Engineering from the Massachusetts Institute of Technology (MIT), Master of Business Administration from the MIT Sloan School of Management, and Doctor of Philosophy (Ph.D) from the MIT Media Laboratory.

His name is listed in the history books as the first African American ever to receive a Rhodes Scholarship at Rutgers University. While it surely seems challenging for anyone to successfully pull off such remarkable academic achievements, Dr. Pinkett is aware that he could not have done it all on his own.

“It’s not difficult in the sense that I’ve had really great people around me, so I don’t take any of the credit,” Pinkett told Ib’s Blog in an exclusive interview.

L-R: Dr. Randal Pinkett & Ibrahim Dabo. The former is the first African American ever to receive a Rhodes Scholarship at Rutgers University. Photo Credit: Olivier Rousset.

L-R: Dr. Randal Pinkett & Ibrahim Dabo. The former is the first African American ever to receive a Rhodes Scholarship at Rutgers University. Photo Credit: Olivier Rousset.

“I have worked hard, I believe I’ve been blessed—and I believe we are all blessed—but I’ve had great people placed in my life at various points in time: a great family, great parents and in my years in college, some really great people.”

Dr. Pinkett said three of his business partners are all college classmates.

“We all came to Rutgers together, we all graduated together and we all came into business together – and we’re still friends to this day,” Pinkett said.

Season 4 Winner of NBC’s hit reality television show, The Apprentice with Donald Trump, Dr. Pinkett served as an executive with Trump Entertainment Resorts in Atlantic City, New Jersey, where he oversaw renovation and information technology projects.

Dr. Pinkett presented the "Most Promising Engineer or Scientist In Government" Award to Shakti K. Davis at the 24th Black Engineer of the Year STEM Global Competitiveness Conference. Photo Credit: Ibrahim Dabo.

Dr. Pinkett presented the "Most Promising Engineer or Scientist In Government" Award to Shakti K. Davis at the 24th Black Engineer of the Year STEM Global Competitiveness Conference. Photo Credit: Ibrahim Dabo.

A recipient of many, many awards, Dr. Pinkett is also involved in a number of other activities.

He is a published writer, academic scholar, public speaker and community servant.

He is author of “No-Money Down CEO” and “Campus CEO” – The student entrepreneur’s guide to launching a multimillion-dollar business.

His company, BCT Partners, works with companies, government agencies and nonprofit organizations in the areas of housing and community development, education, economic development, human services, government, and healthcare.

While the U.S. is battling with a very tough economy, Dr. Pinkett has some words of inspiration.

“My advice is really simple: find strength in numbers, meaning, post the envelop on how you can combine forces with other companies,” Pinkett said. “We see really bigger companies getting bigger, but we don’t see small companies following suit doing the same thing, which is almost counter intuitive.”

Signing session for Dr. Pinkett's book, "Campus CEO".

Signing session for Dr. Pinkett's book, "Campus CEO".

“You’d almost think that it’s smaller companies that really need to be thinking about how to come together so they can keep up and keep pace with the bigger companies that they are already playing catch-up against,” Pinkett said.

“We have to really find strength in numbers and pull our efforts, energy, and resources.”

Click on video below for Dr. Pinkett’s keynote at Visionary Marketing Group’s 11th Minority Business Summit:

Also see:
· About Ibrahim | About Ib’s Blog | Testimonials | Ib’s Blog Home
· Ibrahim Dabo to Speak at Harford Day School on International Day
· 24th BEYA Global Competitiveness Conference Opens Doors Of Opportunities In STEM Programs And Celebrates Excellence
· Visionary Marketing Group Recognizes Diversity And Empowers Business Professionals At Its 11th Minority Business Summit
· University of Maryland Medical System Has Strengthened Ties with Minorities, Says COO Herbert Buchanan
· Ib’s Blog Newsletter Issue Number Two Released