Euquant

EuQuant CEO testifies before House of Representatives Committee

By Dr. Thomas Boston

Mr. Chairman and distinguished members of the Information Policy Subcommittee, thank you for allowing me to testify on this important topic.I am a professor of Economics at Georgia Tech where I have worked since 1985. I am also the owner of a consulting company (EuQuant )that specializes in economic and statistical research. One of my primary areas of research is minority business development. Minority-owned businesses comprise approximately 18% of all US businesses and their numbers are increasing at a rate that is more than four times that of non-minority owned companies. But there remains a tremendous disparity in the capacity of minority-owned firms in comparison to that of businesses owned by whites. Recently, I was asked by the Congressional Black Caucus Foundation to examine the policies of the Small Disadvantaged Business program (SDB) administered by US SBA. A primary objective was to determine whether or not the $750,000 ceiling established for the personal net worth of participating business owners had adversely affected the ability of SDBs to increase their capacity.