Native-Owned Small Businesses Win Top Honors for Urban Economic Growth and Development

The US Small Business Administration has recognized two of its Emerging 200 (e200) initiative participants as being among the winners of the 2009 Inner City 100 competition, which is held by the Initiative for a Competitive Inner City (ICIC), a national not-for-profit organization founded in 1994 by HarvardBusinessSchool Professor Michael E. Porter. The award spotlights and supports growing companies in urban areas and highlights the importance of a healthy economy in developing healthy urban communities. Chosen from a pool of nearly 6,500 applicants, the two small businesses recognized from the SBA’s Emerging 200 initiative program are Sacred Power corporation of Albuquerque, New Mexico and FutureNet Group of Detroit Michigan, both of them Native-American owned and operated. Sacred Power Corporation (www.sacredpowercorp.com) is a 2008 graduate of the SBA’s Emerging 200 initiative with a charter... [Read Full Article]