Monday, November 21, 2005

News: Minority Executive Scholarships For Business Owners

In Indian Country News

More than a great idea and hard work are needed to run a company: it takes money, training and a break or two. In the cutthroat world of commerce, minority-owned businesses must compete with companies with deep pockets, managed by Ivy-leaguers trained at the finest schools.

To offset this extra burden, companies like Bank of America pay attention not only to the diversity within their own work force, but also in the companies with which they do business. Bank of America's supplier diversity program not only encourages and supports contracts with diverse suppliers, it also helps fund the Dorothy B. Brothers Minority Executive Scholarship, providing minority business owners with access to high-caliber management education. These scholarships help those business owners formulate and implement business strategies to achieve a competitive advantage, and to manage their company's growth in order to successfully bid, win and manage larger contracts.

To qualify, all you need is at least three full-time employees and sell between $500,000 and $50 million a year. For more information, visit here.

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