Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for March, 2011

Changing Texas Demographics and Accidental Management Focus of April 4th Economic Perspectives

Posted by nchanel on March 30, 2011

Hopeton Hay interviews Evan Smith, CEO and Editor- in-Chief of Texas Tribune and Jessica Looney of PeopleFund on their upcoming forum on the changing demographics in Texas. Listen live at KAZI 88.7 FM Austin or online here: KAZIFM.org. He will also interview Hank Gilman, Deputy Managing Editor of Fortune Magazine on his new book You Can’t Fire Everyone and his lessons on becoming a manager.

Following that, Hopeton will interview a representative of the City of Austin about the proposed Urban Rail Line that will serve central Austin.  You can get more info at http://www.austinurbanrail.com/resources/urban-rail-project

The face of Texas is changing. Under that wide brim cowboy hat maybe something unexpected. PeopleFund presents PeopleTalk, an upcoming event featuring Evan Smith, on demographics, policy, and civic engagement.  Learn about changing Texas demographics and the impact on policies, your part in the Texas political process, greater civic engagement, and making room for a civil, informed discourse for a better and more productive Texas. Join the forum on Thursday, April 7th, 11:30 AM – 1:00 PM at the Alamo Drafthouse, South Lamar. Tickets are available in advance or at the door; purchase includes salad and pizza from the Alamo Drafthouse. Buy tickets here!

About People Fund:

PeopleFund is a non-profit 501(c)(3) based in Austin, Texas. Founded in 1994 as Austin Community Development corporation, they provide loans, financial and technical assistance to people who are left out of the financial mainstream.  In 2008, they founded PeopleTrust, a non-profit 501(c)3 dedicated to creating and maintaining affordable housing in Texas. PeopleFund is a Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury

About Evan Smith:

Evan Smith is the CEO and editor-in-chief of The Texas Tribune, which, in its first year in operation, won two national Edward R. Murrow Awards from the Radio Television Digital News Association and a General Excellence Award from the Online News Association. Previously he spent nearly 18 years at Texas Monthly, stepping down in August 2009 as the magazine’s president and editor-in-chief. On his watch, Texas Monthly was nominated for 16 National Magazine Awards, the magazine industry’s equivalent of the Pulitzer Prize, and twice was awarded the National Magazine Award for General Excellence. He currently hosts a new show, Overheard with Evan Smith, that airs on PBS stations nationally. A New York native, Smith has a bachelor’s degree in public policy from Hamilton College in Clinton, N.Y., and a master’s degree in journalism from the Medill School at Northwestern University.

Also Featured,

Hopeton also interviews Hank Gilman about his fortunate lessons on developing into a manger and what they mean for you and your business.

His book, You Can’t Fire Everyone: and Other Lessons from an Accidental Manager, tells Gilman coming of age in management. Gilman is the opposite of a slick management guru. He’s an old-school journalist who was suddenly given responsibility for a bunch of other journalists. In other words, he was an accidental manager, just like millions of others who never trained for the challenges of being a boss. Drawing on his wealth of experience (i.e. countless screw-ups) and with wry humor, Gilman shares the finer points of what it takes to be a great boss. He covers everything from whether you should try to be friends with your staff (Don’t) to what will happen if you tell someone about to go on vacation to “think about how you can do things differently” (You will burn in hell!).

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Minority Business Business Opportunities on Formula 1 Focus of March 28th Economic Perspectives

Posted by nchanel on March 28, 2011

Hopeton Hay interviews Cloteal Haynes about contracting opportunities for minority and women-owned firms on the construction of the new Formula 1 race track in Austin, Texas on Economic Perspectives on Monday, March 28th, at 5:30pm. Listen live at KAZI 88.7 FM Austin or online here: KAZIFM.org. Haynes’s firm, HEW, was hired by the developers of the Formula 1 facility to assist with the Minority-owned and Women-owned Business Enterprise (MBE/WBE) Procurement Program outreach to contractors

Developers will work closely with Haynes, HEW managing partner, who will be responsible for developing the MBE/WBE plan for the multipurpose venue that is scheduled to host its first event in 2012. In addition to assisting with outreach to local firms and minority contractor associations,  Haynes will assist in preparing MBE/WBE participation reports for the project and participate in meetings with City officials throughout the course of this project.

“The Formula 1 project represents a tremendous economic development opportunity for our city and I am excited to work with this team who is clearly committed to diversity in the construction of these world-class facilities,” said Ms. Haynes.

Haynes-Eaglin-Waters (HEW) provides general construction, construction management and MBE/WBE program management services. Established in February, 1988, the company is owned by Cloteal Davis Haynes and Kirk L. Waters who have a combined total of over 60 years experience in the construction and program management industry. Ms. Haynes has served as the M/WBE program manager for several notable Austin-area projects, including the City of Austin Water Treatment Plant No. 4, the Seaholm Plaza Development and the AISD School Bond Construction Programs for 1996, 2002, 2004 and 2008. Haynes has a masters degree from LBJ School of Public Affairs at The University of Texas at Austin.  She is also a graduate of Leadership Austin.

The Formula 1 United States Grand PrixTM 3.4-mile circuit combines modern features with details reminiscent of traditional races from the 1960’s. The surrounding landscape will allow for a maximum elevation change of 133 feet, a feature that is sure to please drivers as well as fans. In addition, the circuit includes a strategic combination of over 20 turns, including variations of classic corners such as Istanbul Turn 8, Maggots–Becketts–Chapel and Hockenheimring’s Stadium Section. The multifunctional facility, hosting the Formula 1 United States Grand Prix, is ideally situated on a 900-acre site in southeast Austin along the SH 130 corridor near FM 812.

For more information, visit www.formula1unitedstates.com.

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Learn About New SBA Initiatives April 1 in San Antonio

Posted by Hopeton on March 22, 2011

Meet with leaders from U.S. Small Business Administration, give input on new regulations, and learn how you can take advantage of new tools coming out of the Small Business Jobs Act on April 1, 9:00 a.m. – 4:15 p.m. in San Antonio at the Norris Conference Center. Hosted by the San Antonio District Office of the SBA, participants will learn more about getting an SBA loan, competing for federal contracts, finding training and counseling resources, and starting or increasing exports.  Here is an overview of each of these areas:

Putting More Capital in the Hands of Small Business Owners
SBA loans continue to be a critical tool for helping small businesses get the capital they need to grow and create jobs. The Small Business Jobs Act made permanent enhancements to SBA programs, such as raising the maximum size of our top two loan products (7(a) and 504) from $2 million to $5 million. In addition, temporary provisions in the new law include a Dealer Floor Plan financing pilot as well as a program that allows some owner-occupied businesses to refinance their commercial real estate mortgages using an SBA loan. Beyond the Jobs Act, SBA is taking several steps to better serve our lending partners and borrowers, to simplify and streamline loan programs, and to improve oversight of SBA lending.

Strengthening Small Businesses’ Ability to Compete for and Win Federal Contracts
The federal government awards hundreds of billions of dollars each year in federal contracts, nearly one-fourth of which goes to small firms. The Small Business Jobs Act contained 19 provisions that will help small businesses compete more effectively for federal contracts and subcontracts. The SBA is rolling out these provisions that will help ensure more fairness, more opportunities, and more tools to help match federal agencies with small businesses that provide high-quality products and services.

Expanding Resources for Counseling and Training
SBA has at least one District Office in each state, as well as about 14,000 affiliated counselors at Small Business Development Centers, Women’s Business Centers and SCORE mentoring chapters. The Small Business Jobs Act is helping support these groups in a number of ways. For example, $50 million more is being provided to support the network of about 900 Small Business Development Centers throughout the country. Also, SBA is working with a broad group of counselors to equip them with more tools and information to help small firms start or increase exporting. 

Expanding Exporting Opportunities for Small Business
Small businesses looking for new opportunities to increase sales and profit, and take advantage of increased demand for high-quality U.S. goods and services should consider exporting. The Small Business Jobs Act includes exporting resources to help small businesses by making the SBA Export Express pilot loan program permanent, increasing maximum sizes for SBA’s three export loan programs, and creating a new State Trade and Export Promotion (STEP) grants pilot program which will provide funds to states to assist small business interested in exporting. These expanded opportunities also help build upon President Obama’s goal of doubling exports in the next five years via the National Export Initiative.

To rsvp for this event click here.

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Tips for Dealing with Debt Collectors

Posted by Hopeton on March 20, 2011

If you’re being overwhelmed by calls from debt collectors listen to this interview with Leslie Green, owner of JoMar Credit Repair.   She has been in the credit and collections industry for 16 years.  Her web site is www.jomarclass.com. To listen to the interview click here: Leslie Green Interview.

Posted in Credit, Interview, Radio | Tagged: , , | Leave a Comment »

Breaking the Chains of Financial Enslavement, and Smart Refueling Focus of March 21st Economic Perspectives

Posted by nchanel on March 19, 2011

Hopeton Hay interviews Rev. Dr. DeForest B. Soaries, author of dfree: Breaking Free from Financial Slavery, on Economic Perspectives on Monday, March 21st, at 5:30pm. Listen live at KAZI 88.7 FM Austin or online here: KAZIFM.org. He will also interview Ann Koerner, Director of Consumer Product for MapQuest on their new initiative to help consumers find low gas prices.

In his book Dr. Soaries details what is means to be debt free. Dfree motivates and teaches people to live without debt, pay their bills on time and live within their means. The book claims financial freedom by making it popular to pursue economic freedom. This claim is presented in four levels – Level I: Get Started; Level II: Get Control; Level III: Get Ahead and Level IV: Give Back. Dr. Soaries developed dfree™ as a response to the culture of debt, specifically among african americans. It is a four- prong strategy to help individuals, families and organizations overcome the culture of debt and attain financial self-sufficiency.

Dr. Soaries is the senior pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey. In addition to his pastoral duties, he has served as New Jersey’s 30th Secretary of State making him the first African-American male to serve as a constitutional officer of the state. He is also former chairman of the United States Election Assistance Commission. Dr. Soaries was featured on the CNN broadcast Black in America…Almighty Debt. Dr. Soaries will be speaking at Greater Mt Zion for a financial summit on March 26th and 27th.

Also featured, Ann Koerner is one of the company’s key strategists. She oversees MapQuest.com developments, as well as the micro site development for features such as gasprices.mapquest.com. Koerner will discuss MapQuest initiative to make the pain at the pump a lot less painful.

MapQuest helps drivers find the lowest prices on gas and keep an eye on fuel costs with tools found at gasprices.mapquest.com.  These tools lay the groundwork for consumers to save money every day with simple, smart ways to conveniently find the cheapest gas prices in their area or around their destination.  Additionally, MapQuest offers a free, voice-guided navigation app for both iPhone and Android users, which can save drivers money on expensive devices and subscription fees.

Posted in African American, Budgeting, Economic Development, Poverty | Tagged: , , , | Leave a Comment »

Interview with President of Capital City African American Chamber of Commerce

Posted by Hopeton on March 13, 2011

If you missed my live interview on Economic Perspectives last week with Clarence Goins, the new President of the Capital City African American Chamber of Commerce and board Chairman Juanita Stephens you can listen now by clicking here: Clarence Goins-Juanita Stephens Interview.

Posted in African American, Entrepreneurship | Tagged: , | Leave a Comment »

Seeing the Future for Your Business- Author of Ten Steps Ahead and SBA Focus of March 14th Economic Perspectives

Posted by nchanel on March 11, 2011

Hopeton Hay interviews Erik Calonius author of Ten Steps Ahead on Economic Perspectives on Monday, March 14th, at 5:30pm. Listen live at KAZI 88.7 FM Austin or online here: KAZIFM.org. He will also interview Pam Sapia at the SBA about the new lending initiatives announced in February.

See into the future for your business; no crystal ball necessary. It’s what successful visionaries possess that has propelled their small businesses into successful empires.  This book reveals what sets them apart from us.

In his book, Ten Steps Ahead: What Separates Successful Business Visionaries from the Rest of Us, Calonius investigates how and why entrepreneurial visionaries like Steve Jobs and Richard Branson seem to always be “ten steps ahead.” He also shows us how we can get there, too, by carefully cultivating specific skills. Using his knowledge of neuroscience and his one-on-one interviews with business leaders, he explores how these legendary trailblazers have an uncanny ability to not just see, but to shape where the world is heading.  Available in bookstores March 17th.

Erik Calonius is an awarding-winning former reporter, editor, and correspondent for the Wall Street Journal. He also authored The Wanderer: The Last American Slave Ship and the Conspiracy That Set Its Sails. He has collaborated on some 20 books, including Predictably Irrational, a NY Times bestseller.

Also featured, Pamela Sapia is the District Director of the San Antonio District Office for the U.S. Small Business Administration which serves 55 counties in Texas including the Austin/Round Rock metropolitan area.

In FY 2009, the San Antonio District Office assisted more than 20,746 people through training, counseling and business-development programs. During the same period, it approved 827 small business loans totaling over $238.8 million.

Sapia has served as the Supervisory Business Development Specialist where she was responsible for the marketing and outreach and government contracting functions of the office.  Sapia has also served as an Economic Development Specialist and as a Loan Specialist. Her experience includes that of Minority Business Development, Loan Processing, Loan Servicing, Liquidation, and Marketing.  She has developed relationships with borrowers, contractors, lenders, media outlets, congressional staffers, and government representatives throughout the city, county and district.

Posted in Books, Business, Small Business Loans | Tagged: , , , | Leave a Comment »

National Financial Capability Challenge Prepares Students for Secure Financial Futures; Runs March 7-April 8

Posted by Hopeton on March 10, 2011

High school-aged students across the country began taking a voluntary online exam on March 7 as part of the 2011 National Financial Capability Challenge sponsored by the U.S. Treasury and Education departments. The Challenge is designed to enhance the financial capability of high school-aged youth across the United States by strengthening their knowledge of the basics of saving, budgeting, and investing.

“All of us—parents, educators, policymakers and students—share the responsibility to ensure that young people in our country learn a set of practical skills that will help them navigate important personal financial decisions,” said Treasury Secretary Tim Geithner. “This Challenge will help students understand basic finance. It will help them understand what it means to save for retirement. And it will help them understand the risks and benefits associated with debt from things like car loans and credit cards. Empowering students with this knowledge is important for the long-term strength of our economy.”

U.S. Treasury Secretary Timothy Geithner

“Our goal is for every student in the nation to get a world class, well-rounded education,” said Education Secretary Arne Duncan, “and that includes preparing them to make critical financial decisions. I hope the Challenge not only helps high school students get smart about money, but encourages more states and schools to make financial education a priority in classrooms as early as kindergarten.”

The voluntary online exam will be available to students today through April 8. Last month, the Department of the Treasury posted an Educator Toolkit on Challenge.Treas.gov to help teachers prepare students for the exam. From saving for college and retirement to managing expenses like cell phones, the exam tests a wide array of topics that together constitute a basic understanding of personal finance.

All high school teachers and other educators working with U.S. high-school aged students (ages 13-19) are encouraged to register for the Challenge, download the Educator Toolkit, prepare their students, and administer the online exam.

Later this spring, a group of the highest scoring students will be recognized through a national awards ceremony in Washington, D.C. The educators and students who place in the top 20 percent nationwide will receive official award certificates.

Some examples of the types of questions students will answer during the exam are as follows:

  1. Carolina has $5,000 saved from working at different jobs. She puts her money in a savings account that pays 4 percent per year in interest. How much money will be in her account at the end of the first year and at the end of the second year?
    1. End of first year: $5,100; end of second year: $5,400.
    2. End of first year: $5,200; end of second year: $5,400.
    3. End of first year: $5,200; end of second year: $5,408.
    4. I don’t know.

    (Answer: C)

  2. Marco went to the grocery store to buy a box of cereal. The type of cereal he liked came in three different brands and three different size boxes. To select the brand and the box with the lowest unit cost, he should look at the:
    1. largest cereal box on the shelf.
    2. most popular brand of cereal.
    3. price per ounce of cereal in each box.
    4. I don’t know.

    (Answer: C)

More than 76,000 students and 2,500 educators from more than 1,500 schools in all 50 states participated in the 2010 Challenge. To learn more about the Challenge or to register for this year, educators should visit Challenge.Treas.gov.

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March 9 Workshop Helps African American Businesses Grow

Posted by Hopeton on March 9, 2011

Attend a presentation to help grow your business, African American Entrepreneurship: Learning from the Past, Building for the Future, at the RISE Conference in Austin at the Bob Bullock Museum on March 10, 4 p.m. – 5:30 p.m. This session provides  both a historic look at the development of Black-owned businesses, and the contemporary programs and resources that can help grow Black businesses today and in the future.  Click here to register. The presenters are Dr. Juliet E. K. Walker and Hopeton Hay.

Hopeton Hay

Some of the programs covered at the session will include:

  • Taking advantage of government procurement programs targeting minority and women-owned businesses
  • Selling to Corporate America: Utilizing minority supplier development councils

Dr. Walker is Director of the Center for Black Business History, Entrepreneurship, and Technology at The University of Texas at Austin and author of The History of Black Business in America.  Hopeton is Manager of the University of Texas System Historically Underutilized Business Technical Assistance Program. He  is also chairman of the Texas NAACP Economic Development Committee and author of the report, The Economic Conditions of African Americans in the State of Texas.

Posted in African American, Business, Entrepreneurship | Tagged: , , , | Leave a Comment »

African American Unemployment Declines for Third Straight Month in February

Posted by Hopeton on March 5, 2011

The unemployment rate for African Americans declined for the third consecutive month to 15.3 percent in February 2011 according to the latest report from the U.S. Bureau of Labor Statistics.  Here is the unemployment rate for African Americans every month since the recession began in December 2007:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 9.0
2008 9.1 8.3 9.1 8.6 9.6 9.5 10.0 10.7 11.4 11.4 11.5 12.1
2009 12.7 13.6 13.5 15.0 15.0 14.9 14.8 15.0 15.4 15.8 15.7 16.2
2010 16.4 15.8 16.5 16.5 15.5 15.4 15.7 16.2 16.1 15.7 16.0 15.8
2011 15.7 15.3                    

 

Posted in African American | Tagged: , | 1 Comment »