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Web site for minority entrepreneurs

Rocky Mountain News

Published September 17, 2007 at midnight

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The Denver-based National Hispanic Business Information Clearinghouse has launched a Web site to help minority entrepreneurs start their own businesses.

The site, nhbic.org, which is in English and Spanish, will provide information on how to finance, manage and market businesses.

"The NHBIC Web site empowers aspiring business owners by providing critical information on financing a business, selling products and services and running a company," said NHBIC program project director Salvador Gomez, president and CEO of Source One Management Inc. "As a bilingual resource, it will be especially useful for those who have traditionally been underserved because English is not their first language."

The site features business-related content and search engine, local community resources and updated news for minority- owned small businesses. The site provides information on legal requirements, licensing, permitting, accounting, managing employees, paying taxes, marketing, sales and government contracting.

The clearinghouse is funded by a $3.3 million grant from the U.S. Department of Labor and with startup capital from Greenwood Village-based Western Union, which also will help publicize the program.

Fred Niehaus, senior vice president of public affairs for Western Union, said his company's interest in supporting NHBIC and later minority clearinghouses stems from Western Union's "ethic of empowering our consumers to achieve sustainable economic stability."

Gomez said more clearinghouses will be launched in coming years for black, Asian and American Indian audiences.