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Minority Businesses Support Health Care Reform Legislation, According to Survey
Date:4/2/2010

overall productivity because it tends to keep people in jobs because they fear the loss of insurance coverage, particularly for high risk groups or those with pre-existing conditions.

Fred McKinney, President and CEO of the GNEMSDC once served as a health economist in the Carter White House and taught health economics at the University of Connecticut stated that “MBEs could benefit from the recently passed legislation because of the tax credits that are targeted to small employers who offer their employees health coverage.” The legislation will provide up to a 50 percent credit for premiums for eligible employers. Some MBEs surveyed stated that they were unable to insure employees because of the high cost of insurance, and that this was a factor in keeping their businesses small.

The Greater New England Supplier Development Council (GNEMSDC) is a corporate membership organization whose mission is to promote business relationships between large corporations and certified minority businesses. The GNEMSDC has 250 corporate members, and over 500 certified MBEs who have combined annual sales of over $6 billion. The GNEMSDC covers all six New England states and has offices in Boston, MA and Hamden, CT. The GNEMSDC is the regional affiliate of the National Minority Supplier Development Council. The NMSDC is the leading minority business development organization in the country.

The survey of 75 certified MBEs was conducted over the weekend of March 26-March 29, 2010.

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Read the full story at http://www.prweb.com/releases/2010/04/prweb3817734.htm.


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