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“Austin has a higher concentration of Black firms in professional, scientific, and technical services with 12.8% versus 8.8% for Texas, [and] 8.5% for U.S.” Hopeton Hay, Director of Office of HUB and Federal Small Business Programs included this statistic in his opening message to the Greater Austin Black Chamber of Commerce’s annual State of Black Business event on Wednesday, June 15th.
President and CEO, Natalie Madeira Cofield orchestrated the stage having guest speakers such as Albert L. Russell, Vice President of Merrill Lynch and Dr. John Sibley Butler, Director of Herb Kelleher Center for Entrepreneurship. Dr. Butler delivered the keynote address stating, “Success takes a combination of wealth, knowledge, the know-how, understanding, and relationships with entrepreneurs as well as corporations.” Then, after a brief networking break, attendees were able to choose between “Trends for Small Business” or “Economic Development” for their breakout session as panelists ranging from PeopleFund to Seton Medical Center at the University of Texas had discussions.
Attendees commended the chamber and industry professionals for providing them with guidance and counsel in leading them on the pathway to success for their business.