Lee Huang was featured in the Philadelphia Business Journal earlier this month to discuss the challenges faced by minority owned businesses in Philadelphia.
A limited network and no ‘rich uncles’
August 9, 2013
By Carl O’Donnell
“The most fundamental problem is size. To be competitive on subcontracting bids, and to perhaps have a shot at a prime contract, a company needs annual revenue of about $5 million, said Sanders. For perspective, only 3 percent of regional minority owned firms earn more than $1 million, said Lee Huang, principal at Econsult.” >Full Article