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Friday, March 29, 2024

Small business owners honored as America’s job creators

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With so many chain restaurants and clothing stores, there seems to be little support to help grow small businesses. MasterCard and the Minority Business RoundTable brought the Master Your Card campaign event to the Crown Plaza Union Station recently where more than 200 business owners were addressed by Gov. Mike Pence as the keynote speaker.

Business owners were praised for their dedication to the community as well as contributing to the economic growth of the state by creating more jobs.

According to the U.S. Small Business Administration, about 500,000 Indiana small businesses employ more than 1.2 million people.

Gov. Pence focused on the future outlook of small businesses and why he felt Indiana is a great place to run a business.

“As of late March, this year Indiana was home to 978 certified minority business enterprises and 1,666 women business enterprises; and more than 4 percent, that’s $99 million of the funding contracted by the state of Indiana went to minority business enterprises,” said Gov. Pence.

The Master Your Card program was launched in 2010 as support to the small business community. It provides information on how electronic payments can grow a business as well as giving tips on catching hidden fees and understanding variables when choosing a payment processor.

Shawn Miles, MasterCard’s senior vice president of global public policy, said that small businesses fuel the economy.

“From a MasterCard perspective, we want more and more people to accept our product because we want small business owners to understand that they can negotiate the terms of acceptance and that they can get the best value.”

As leaders from around the city, such as Gail Gesell, the U.S. Small Business Administration district director for Indiana, and Terrie Daniel deputy commissioner for Minority & Women’s Business Enterprises addressed the audience; participants were able to network among themselves sharing advice to one another.

Cynthia Wilson, owner of Kountry Kitchen restaurant, said the event was very informational. “We are looking to grow our business, and I did find out about different organizations and government faculties to get help and development,” she said. “I have different merchants come to me all the time and if you really don’t know what’s going on with the credit card industry then you can be led down the wrong road.”

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