Democratic Congressional candidate Mikie Sherrill met with a dozen Hispanic business owners today to listen to the challenges they face in starting new businesses.
A former U.S. Navy helicopter pilot and federal prosecutor, Sherrill was joined by Rep. Linda Sanchez (D-California), a member of the House Ways and Means Committee and an announced candidate for a leadership post in the next Congress.
Sanchez took aim at the lack of enforceable standards in minority businesses obtaining federal contracts.
”One of the biggest headaches is that there is no consistent definition of what a small business is,” said Sanchez. “The government has goals for veterans, women and minorities, but the regulations have no teeth.”
Most of the business leaders complained about the challenges of obtaining funding for their companies. One businessman said that venture capital firms fund just 1% if Hispanic businesses.
Sherrill used the forum to cast her Republican opponent, Jay Webber, as an opponent of business opportunities for Hispanics during his ten years in the New Jersey State Assembly.
New Jersey’s 11th district is less than 7% Hispanic.