Q.
How does MEDII utilize economic data to empower minority consumers and business owners?
A.
MEDII utilizes economic data to inform and empower minority consumers and business owners by analyzing, interpreting, and communicating the data that is vital to developing effective public policy. By providing access to this information, MEDII enables minority consumers and business owners to make informed decisions and take advantage of opportunities for growth and success. Additionally, MEDII serves as a repository of economic research, data, and information relative to the economic impact of minority consumers, ensuring that this vital information is available to those who need it.
Q.
What does MEDII do to help minority businesses improve their management practices?
A.
MEDII helps MBEs improve the philosophy, policies, procedures, and practices related to managing people and their other assets including the process of linking resources, programs and services existing within the community. MEDII provides education and training to minority businesses to help them develop and implement effective management practices that can enhance their performance and competitiveness. This includes assistance in areas such as human resources management, financial management, marketing, and strategic planning. Additionally, MEDII facilitates connections between MBEs and existing programs and services within the community to help them access the resources they need to succeed.
Q.
What type of technical assistance does MEDII offer to help MBEs grow and develop?
A.
MEDII offers technical assistance to MBEs to help them develop and grow their businesses. This includes assistance in the management of human and non-human resources, beginning with long- and short-term planning, strategy development and implementation, cash flow analysis, marketing research, planning, and implementation, the management and application of technical resources, certification, and legal regulatory processes. By providing MBEs with access to these resources, MEDII aims to help them build their capacity and succeed in their respective industries.
