In a time marked by economic uncertainty and rapid change, small businesses stand as a beacon of resilience and opportunity, fueling our economy with innovation, job creation, and a steadfast commitment to their communities. Small businesses aren’t just economic entities, they are the lifeblood of our local neighborhoods, embodying the entrepreneurial spirit that drives our nation forward.
Small businesses are growing at a remarkable pace. The surge of new entrepreneurs and the resilience of established small enterprises are reshaping the economic landscape. According to recent data, small businesses account for nearly half of all private-sector jobs and are responsible for two-thirds of net new jobs. This growth is not just a testament to the tenacity of entrepreneurs but also a reflection of the diverse fabric of our society, where ideas can take root and flourish.
As we celebrate National Hispanic Heritage Month, we honor the countless Hispanic entrepreneurs who play a vital role in this dynamic small business ecosystem. Hispanic-owned businesses are growing faster than any other segment, contributing over $800 billion to the U.S. economy annually. Their stories of perseverance and success are a powerful reminder of the value that diverse perspectives bring to our collective prosperity.
Strong leadership continues to be a cornerstone of successful enterprises. We hear more about visionary leadership from Kunal Gupta, CEO of Nutra-Med Packaging. Kunal’s story outlines his dynamic journey which has impacted his leadership style, driving the organizational culture, and fostering resilience for this company that’s been operational for almost three decades.
As we amplify diverse voices it’s important we focus on keys to growth for small businesses as a critical force in the economy and where the need for dynamic leadership is necessary. In this issue, you will find stories of innovation, advice from industry experts, and perspectives to help you think more broadly about growth. As business owners and leaders, we need to be active advocates for the change we want to see in the world.
Robert is proud to lead one of the country's oldest and most respected African-American newspapers as well as two minority business magazines.