Genesis Block Aims to Connect Minority Owned Firms to $2.5 Million in Contracts in 2023 by Girard Newkirk
Genesis Block is preparing for an exciting 2023 by announcing a company goal to broker $2.5 million in contracting opportunities for minority owned firms. The average minority business enterprise spending (when spending with public companies is included) is 3.29%. This average must increase 4–5 times current levels to between 13%-16% to achieve revenue parity with white owned firms. In 2018, minorities represented approximately 40% of the US population, yet revenues collectively earned by minority owned business enterprises represented only 9.4% of the revenues earned by private US fi...