News Column

Corner Office: Hooray, It's An Elections Year

March Issue

Jesús Chavarría--Editor & Publisher, Hispanic Business Magazine

Hispanic Business Magazine's March Issue kick-off

That's not good news. Right now the nation needs unity and cooperation for the common good and the good of the country as it continues to face an unprecedented recession.

Alas, that will not happen in an election year. American politics in 2010 will be more about tearing the other guy down, no matter what the needs of the nation are. In this important election year, it is indisputable the most important issues confronting the electorate, including the Hispanic electorate, are economic issues, especially jobs and small business development. In fact, the two issues are dynamically intertwined. Jobs are largely produced by small business. It is a fact that small business has been the creator of 64 percent of new jobs produced in the last 15 years.

So unless federal stimulus policy begins to boost small business development, jobs creation will remain at unacceptable levels. The main street economy needs stimulation too.

The 2009 economic recovery policies largely built on what had gone on before, which was save the too-big-to-fail banks and rescue the auto industry. Those were important policy goals. But the stimulus did not go far enough. Hispanic small business, one of the fastest-growing small business segments in the nation, and small business in general, also need a jolt of economic stimulation.

That's the point where supplier diversity connects with the recession.

Supplier diversity programs are vital to the national economic rescue efforts. At different stages of the economic cycle the role of supplier diversity programs adapt to the requirements of the moment.

Currently, in a period of economic contraction, both public and private sector procurement must join in efforts to prod small business development and jobs creation, by growing the procurement pipeline. It is certainly in the economic interests of both the public and private sectors to do so, for a growing main street economy means an expanding national economy.

In this issue, we look at 25 large corporations with strong commitments to grow supplier diversity spending levels. The federal and state governments should do likewise. This makes all the more compelling the content presented in the issue.

Diversity supplier development is a national priority because it affects people; it affects entrepreneurs and the American work force. It encourages innovation and rolling up one's sleeves and contributing to a growing economy, which is what is needed now in the country.

So don't buy in to the politics of the moment, of tearing down the opposition instead of concentrating on offering a superior socio-economic mousetrap.

Offer solutions not obstructionism. What the country needs is a powerful national vision of what can be if the nation pulls together. We need dialog and debate, not more political black arts. Respect the other guy's point of view, and be willing to participate in an honest debate about what the country needs right now as it faces the most destructive economic recession since the Great Depression.

Source: (c) 2010. All rights reserved.

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