Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | ![]() Creative Investment Research (CIR) Publishes Economic Analysis of December 2024 CPICIR released a comprehensive analysis of the Dec 2024 Consumer Price Index (CPI) and its implications for minority-owned businesses across industries dominated by Asian, Black, Hispanic, Native, and Women owned firms.
According to the analysis, the December 2024 CPI recorded a 0.2% monthly increase, contributing to a 2.6% year-over-year rise. While energy costs provided some relief with a 4.9% decrease, rising food (+0.2%) and shelter (+0.4%) costs have heightened economic pressures on small business owners. The report provides a sector-specific breakdown, identifying relevant industries and offering actionable strategies: - Asian-Owned Businesses: Addressing challenges in technology, retail, and hospitality through cost optimization and digital transformation. - Black-Owned Businesses: Highlighting the impact on personal care services, retail, and construction, and emphasizing community engagement for resilience. - Hispanic-Owned Businesses: Focused on managing costs in construction, food services, and agriculture while promoting sustainability. - Native American-Owned Businesses: Exploring opportunities in tourism, agriculture, and renewable energy amid economic shifts. - Women-Owned Businesses: Strategies to adapt in health care, education, and retail by leveraging financing programs and partnerships. "This analysis underscores the unique challenges and opportunities facing minority entrepreneurs in today's economic environment," The report also includes practical recommendations, such as cost management techniques, community engagement strategies, and leveraging federal and local support programs tailored to minority businesses. To read the full analysis, visit: [Impact Investing Online - December 2024 CPI](https://www.impactinvesting.online/ --- About Creative Investment Research and Impact Investing Online Creative Investment Research manages Impact Investing Online, a leading platform providing actionable insights into economic trends, minority business development, and socially responsible investing. With a focus on empowering underserved communities, the platform delivers research and analysis to foster equitable economic growth. End
|
|