The Meda Million Dollar Challenge Is Now Accepting Applicants

The Metropolitan Economic Development Association and the city of St. Paul, Minnesota, are hosting an exciting Million Dollar Challenge for emerging minority-owned businesses. Modelled after the TV show “Shark Tank,” the challenge will give up to 20 minority-owned businesses the opportunity to present a 5-minute pitch of their business plan to a panel of experts […]

Read More

Best & Worst U.S. Cities for Minority-Owned Businesses

Minority-owned businesses are a growing and important part of the U.S. economy. According to a Business Journal survey from 2017, there are 11 million minority-owned small businesses with employees in the United States today, nearly twice the number as a decade ago. These businesses generate $1.8 trillion in annual revenue and employ nearly 6.5 million […]

Read More

New York Moves Closer to a Workers Compensation Formulary

Following the lead of several other states, New York has been developing a Workers Compensation formulary for several years. The Workers Compensation Board released its initial proposal in November 2017. After public comment revealed a number of potentially serious issues with the new rules, the WCB went back to the drawing board last year. It […]

Read More

How to Avoid Wage Theft Complaints — Advice for MWBEs

All employers have an obligation to pay workers fairly and in accordance with federal, state and local laws. However, inexperienced business owners often get caught in the cross-hairs of government regulators because they are unaware of what the rules governing workers’ pay are. In New York State, for example, regulators returned over $35 million in […]

Read More

Is Workers Comp a Gateway to Opioid Abuse?

In a study published last October in JAMA Network, researchers found that that an alarming number of workers compensation beneficiaries become persistent users of opioids. Of the nearly 9,600 workers comp claims the researchers examined, over 30 percent showed that the injured worker had filled at least one prescription for opioid painkillers 90 days or […]

Read More

What Benefits Do Injured Workers Get Under N.Y. Workers Compensation Laws

Workers compensation laws differ widely from state to state. Although almost every state requires that employers carry workers compensation insurance, the benefits provided to injured workers vary quite a bit. For example, some states allow the injured employee to choose a treating physician, while others require that the worker see a physician chosen by the […]

Read More

Start the New Year Right: Some New Year’s Resolutions for MWBEs

The holidays are officially over, and most of us are slowly returning to business as usual this week. But despite the fact that New Year’s Day is behind us, it’s not too late to make a few resolutions about building a more vibrant and resilient business this year. If you haven’t already come up with […]

Read More

What Is the National Minority Supplier Development Council?

The number of minority-owned businesses in the United States has been increasing steadily since 2002, more than doubling in the decade between 2002 and 2012. According to data from the U.S. Census Bureau, minorities owned just shy of 1 million U.S. businesses in 2015 — a number that’s expected to grow as the nation’s population […]

Read More

Does Your Small Business Need Workers Compensation Insurance?

Workers compensation insurance is no-fault insurance that protects workers who are injured on the job or become ill due to a job-related exposure (e.g. to toxic chemicals). In most cases, it also protects employers from lawsuits that might arise from injuries sustained on the job. In exchange for providing a range of benefits to injured […]

Read More

Four Organizations That Help Minorities in Tech Succeed

As minority and women business owners know, the tech world is notoriously lacking in diversity. Despite millions of dollars spent on high-profile initiatives, 50 percent of Apple and Google employees today are white, and 68 percent are men. Women make up just 23 percent of tech workers at Apple, according to the company’s 2017 diversity […]

Read More