Matt Cohen, Luis Vazquez and Phil Andrews at a 2022 LIA assembly.
Credit score: Howard Schnapp
A survey is being launched Friday to assist establish the financial challenges going through minority-owned companies on Lengthy Island.
The Lengthy Island Minority Small Enterprise Survey is a research by the Lengthy Island Affiliation enterprise group, Lengthy Island African American Chamber of Commerce and Lengthy Island Hispanic Chamber of Commerce. It’s being performed by Lengthy Island College’s Steven S. Hornstein Heart for Coverage, Polling, and Evaluation.
Hundreds of minority enterprise house owners all through Lengthy Island have been contacted to take the survey by the 2 chambers of commerce and LIA reaching out to their membership.
Representatives of the joint initiative stated the outcomes can be in contrast with nationwide small-business traits. The survey takes 10 to fifteen minutes to finish, and responses can be accepted till Oct. 13. It’s obtainable in English at surveymonkey.com/r/D22GHG3 and in Spanish at surveymonkey.com/r/HJTLZGJ.
The survey “will present crucial data on how financial pressures are presently impacting companies and can inform the advocacy and applications administered by the LIA, LIAACC, and LIHCC,” stated Matt Cohen, LIA president and CEO.
“Minority-owned companies are going through related challenges of the bigger enterprise group like inflationary pressures, hiring and lingering provide chain points,” Cohen stated. However he added additionally they have difficulties with entry to capital and different assets wanted to function efficiently.
Phil Andrews, president of the African American chamber, famous that as a result of many Black-owned small companies are one-person operations, additionally they lack the experience to deal with duties equivalent to contract functions and cash-flow administration that may be dealt with by specialised workers at bigger companies.
Luis Vazquez, president of the Hispanic chamber and an LIA board member, stated the voice of Lengthy Island Hispanic-owned small companies is crucial in shaping a post-pandemic restoration technique
“Every survey response is an important piece of understanding the distinctive challenges this group faces and the assist they require,” he stated. “Their insights will drive initiatives and empower us to foster an setting the place Hispanic small companies can thrive once more.”
