Diversity MBA Magazine - Summer 2008 - (Page 13)

BUSINESS BRIEFS - DivMBA - BUSINESS CEO Beth Williams took over the reins of the company in 2003 from her late father. Roxbury re-manufactures laser-printer cartridges and sells them to end-users through office-supply retail outlets. The company has 39 employees and reported 2006 revenues of $11.9 million. 32% of the companies on the 2008 Inner City 100 are minority-owned, compared to only 3% of all businesses nationally with annual sales over $1 million. Additionally, 26% of 2008 Inner City 100 companies are woman-owned; nationally, only 2% of companies with revenues more than $1 million are woman-owned. ICIC promotes economic prosperity in America’s inner cities through private-sector engagement that leads to jobs, income and wealth creation for local residents. illennials think the government should spend more money on health care and education, even if tax increases are required to pay for it, according to a survey released by the Center for American Progress. The study found that Millennials, defined loosely as 18-29-year-olds, are more progressive in their economic beliefs than Generation-Xers (now in their 40s) were in their 20s. Millennials are less optimistic than other age groups about the free market’s ability to solve social problems. The study’s authors suggest that rising student loan debt loads and gloomy job prospects may factor into Millennials’ frustration with current economic conditions. tandard and Poor (S&P) reports that U.S. commercial construction increased 12.9% in 2007, responding to high occupancy rates and easy financing. New activity dropped sharply in the fourth quarter, however, as financing became more difficult and employment growth slowed. S&P expects new commercial starts in all categories to weaken 16% in 2008 and 9% next year, but the carry-through from buildings that reached groundbreaking in 2007 should keep construction spending above that of 2007. adio One Inc. has acquired Community Connect Inc. (CCI), which owns and operates a number of social-networking brands, including BlackPlanet.com, MiGente.com, and AsianAve.com, for approximately $38 million. CCI is a leading online niche social-networking company, with its companies claiming more than 23 million members. CCI joins TV One and Giant magazine in Radio One’s portfolio. President and founder Ben Sun will continue to run CCI, which has approximately 100 employees and is headquartered in New York. nternet advertising in the United States will double between now and 2012, according to a recent IDC study. Continuing economic slowness will lead to a contraction in ad spending overall, speeding up the transfer of marketing budgets from the traditional media into new media. IDC forecasts an increase in overall Internet advertising revenue from $25.5 billion in 2007 to $51.1 billion in 2012, making the Internet second only to direct marketing as an ad medium. Brand advertisers will shift significant amounts of money into online video commercials, primarily from broadcast television and, to a lesser extent, from cable television.|dMBA| S M R I 13 June 2008 Top 1 0 0 Unde r 5 0 D i ve rse Le ade rs

Table of Contents Feed for the Digital Edition of Diversity MBA Magazine - Summer 2008

Diversity MBA Magazine - Summer 2008 Contents Letters to the Editor In Your Own Hands Editor's View Find Your Power Voice Business Briefs Off the Shelf The Fourth Annual Top 100 Under 50 Diverse Corporate Executives Negotiation: The Art of Persuasion or Zero Sum Game? Career Planning for Tomorrow's Hispanic Workforce Who's Who In Diversity Entrepreneur Profile: Anita Santiago: Doing It Her Way Businesses that Keep On Giving Rising Sun Going Global: Will An International Assignment Benefit Your Career Work-Life Balance and the C-Suite: An Oxymoron? A Call to Save Travel: Off the Beaten Path - Chile Drawing the Line – Latin Art Exhibit The New Taste of Latin Cuisine American Sabor: Exhibit Highlights Latino Influence in Pop Music Crafting Specialized Business Degrees Latest MBA Salary Suggests MBA Is A Safe Haven Gadgets & Gizmos Gone Phishing – How Scammers Mine Private Data From Web Surfers Advertiser's Index The Meaning of Sanctuary

Diversity MBA Magazine - Summer 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.