As the CRE Pendulum Swings Are We Creating The Next Discriminated Group? Guest Post Jerry LoCoco.

It was 2007 and I just started a commercial construction company in what became the beginning of the worst economic downturn since the Great Depression. Seeking additional revenue streams, I sat at my desk reading the application for the Small Business Administrations 8(a) Business Development Program. As I searched for the program qualifications I found Section 124.103 which identifies “Who is Socially Disadvantaged.” After reading the paragraph I concluded that the paragraph includes essentially every other group save one, white males. The SBA makes quite a general assumption to conclude that people in this county defined, as “white males” could not also be socially disadvantaged...   ...more

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