Terry Dean in The Austin Weekly News,
Obama hosted the Q&A at Austin Town Hall, 5610 W. Lake St. Business owners were joined by representatives of the Austin Chamber of Commerce, the Austin African American Business Networking Association (AAABNA) and elected officials.Instead of asking Churches to poney-up for the investment pool, it would have made more sense to ask big retailers to patronize these small businesses.
Obama advocated African-American businesses pooling some of their resources together to help existing or new businesses. As an example, he suggested the large number of black churches on the West Side could possibly pool some of their money to help fund loans for small business.
Obama said other ethnic communities with businesses-such as the Korean communities-have such a structure in place. Despite problems facing some small businesses in Austin, Cook County as a whole, as reported by the U.S. Census Bureau in April, has more black-owned businesses than any other county in the nation, and has the fastest growing black-owned firms in the nation.
I know Chicago has a bad history here, but I'd trust Walmart to implement an effective minority business program more than the City.
It's all those growing business that will employee people, and you can bet they're just as worried as Walmart when the council starts meddling.
Makes more sense to me then passing the plate at Church.