@icicorg is hosting their annual Inner City 100 Awards & Conference this October. The event is an occasion to recognize and honor the fastest-growing #SmallBiz in inner cities across the nation. For more information on confirmed speakers and registration, follow this link: http://icic.org/urban-business-initiatives/inner-city-100/event/
“I‘m working with my colleagues on both sides of the aisle ... to ensure that minority businesses are not left behind.“
WASHINGTON – U.S. Senator Ben Cardin (D-Md.), Ranking Member of the Senate Small Business and Entrepreneuship Committee, met with dozens of minority business owners and entrepreneurs for a conversation on what tools they needs to increase opportunities and capacity, along with improving their chances for success. Senator Cardin outlined recent developments in Washington, including resources in the recently passed omnibus spending bill for the Small Business Administration and programs and grants aimed at the small business community, particularly minority, women and veteran-owned small businesses. The event was hosted by Stanley Tucker, President and CEO of Meridian Management Group, The President's Roundtable and The Harbor Bank of Maryland. Rev. Jerome Stephens, Community Outreach for Senator Cardin coordinated the event.
“I wanted to have this discussion with minority entrepreneurs in Baltimore City to hear firsthand what’s working and what needs to change,” said Senator Cardin. “Small businesses have challenges that big companies simply don’t face. But they also create jobs at a greater rate and are responsible for more innovation than big businesses. The federal government should be a partner and not an obstacle to growth. We know there is no single program that works for every scenario and every company. As the lead Democrat on the Senate Small Business Committee, I’m working with my colleagues on both sides of the aisle to strengthen multiple programs to ensure that minority businesses are not left behind.
“One of the things that is clear to me is that the way we solve our social issues is through economics. When a person has a job, they are probably not going to have issues that get in the way of their success. One way to make that happen is a partnership between the government and the business community. Having Senator Cardin come out to meet with the minority business community, to think about ideas, thoughts and strategies on how we can really make that work is very important,” said Bob Wallace, Chair of The President’s Roundtable. “Senator Cardin has been a committed and intentional political leader for many years. What we need to do is continue that conversation in a more detailed and more intentional way because the key to reforming Baltimore and advancing our city and our economics is going to be entrepreneurship through the minority community, women’s community, and small business community. We need that collaboration between entrepreneurs and our political leaders. I think senator Cardin has been a leader in that area and we hope we can continue that process.”
“Our conversation with Senator Cardin was very uplifting -- recognizing that minority businesses are not the same as they were years ago and there will never be a cookie cutter approach. Our conversations touched on establishing why we need to shift our paradigm relative to supporting minority businesses. It’s why this conversation was really exhilarating,” shared Sharon R. Pinder, President & CEO, Capital Region Minority Supplier Development Council.
“I think Senator Cardin really addressed critical issues, especially as it related to minority business ownership and all the challenges we face in the City of Baltimore,” said Kyle O’Connor, Founder and Managing Partner of The Startup Nest. “I’m looking forward to continuing this conversation and definitely want to invite the senator to our facility.”
“Team Maryland is about trying to do everything we can together to help our business community - especially the minority business community. We are working to make sure funds intended for minority small businesses make it to the minority community despite a President of the United States that seems openly hostile to the minority community,” Senator Cardin added.
Rev. Jerome Stephens
Director of Community Outreach
Office of United States Senator Benjamin L. Cardin
The Baltimore Business Journal unveiled it's inaugural winners for the BBJ Leaders in Diversity awards, which honors Greater Baltimore's most successful and influential companies that demonstrate how today's workforce can be inclusive to all. The BBJ recognized Robert L. Wallace's company Bithenergy as a Top 25 Minority-Owned Business in the area.
Thursday, June 7, Bithenergy, and other top minority-owned businesses, will be honored at a diversity and inclusion breakfast at the Lord Baltimore Hotel. Leading the morning's program is Vice Provost and Chief Diversity Officer for Johns Hopkins University, Fenimore Fisher, J.D. Thank you to all of our partners and clients for the continuous support over the years! Click below to purchase your tickets for the breakfast and to support #BaltBizEvents
Hospitals Must Remain Vigilant with Cyber Security
When it comes to patient health records, employee information and data from medical technology devices, hospitals have a treasure trove of sensitive, private information to keep confidential.
“The whole idea of having electronic records positions hospitals to provide better care and services to the patients they are working with, but at the same time, obviously, [there is a] risk associated with this information being shared in electronic format,” said Harry Holt, Vice President of Operations of the Baltimore-based BITHGROUP Technologies.
Hospitals continue to be heavily targeted by very sophisticated adversaries including internationally based criminal organizations and nation states such as Russia, China, Iran and North Korea. Sometimes nation states working in collusion with criminal organizations to target health care and hospitals.
Local entrepreneur Robert L. Wallace is on a voyage that will take him by boat to about 35 countries and 100 ports to complete research for his new book, “Global Entrepreneurship.” Wallace says this approach allows him to visit locations around the world and to “feel, touch, see, smell, and experience” the entrepreneurial reality and energy of the global community through the eyes of a world traveler.
“A few years ago, I began conducting research on how American entrepreneurs could start doing business globally. I was particularly interested in learning how small businesses and grassroots entrepreneurs could be successful at expanding their entrepreneurial opportunities internationally,” Wallace said. “I was not interested in looking at large, multinational corporations because they have been successful at building this international network.”
Not content to conduct this research from a purely academic and research perspective, Wallace said he decided to take a novel approach.
With the assistance of his wife and staff, he decided to take a sabbatical from his role as founder of BITHGROUP Technologies, Inc. and CEO of Bithenergy, Inc. The five-month journey, which is expected to conclude next month, is unique because of the method of travel he chose, according to Wallace.
“Instead of jumping around the world on a jetliner, hopping from one country to another, I instead decided to sign up for a world cruise on Viking Cruises,” he said, noting that this approach provided him the vehicle for covering a great distance in a relatively short period of time with the least stress.
Raised in Cherry Hill, Wallace overcame poverty to become a speaker, consultant, author and entrepreneur. He is considered as one of the most influential Maryland in business and he is the author of several books, including: “Soul Food,” “Black Wealth,” and “Black Entrepreneurship.”
“It is my belief that when we bring together entrepreneurs from different societies and different backgrounds at the grassroots level, we will begin to see a rapid expansion of ideas and innovation that have the potential and likelihood to change the world,” Wallace said.
Having spent the last 40 years studying and documenting the success and failures of American entrepreneurs, Wallace says he has isolated a series of common mistakes that are made by both aspiring and seasoned entrepreneurs.
“[Aspiring entrepreneurs] underestimate the amount of capital it will ultimately take to fund their idea or project and, consequently, they are confronted with structural deficiencies in their financial business model that are difficult to resolve,” he said. “This group of entrepreneurs, too often lack clarity in their business objectives and mission. This fuzziness in their business objectives results in precious resources being squandered, putting the enterprise at risk from the very beginning.”
Seasoned entrepreneurs are often guilty of not spending enough time developing an acceptable exit strategy for their business and frequently develop a “no one can do it better than me” attitude which results in them trying to do everything themselves when they could be using this energy to better develop their organization.
“I have been blessed to have been able to experience such a wonderful global voyage as has been experienced through this World Cruise,” he said.
“The experiences I have enjoyed and the wonderful people I have met has been invaluable. While I do believe that anyone who is able to take such a trip should take it, the reality is that most people will not have the time or the money to invest in such an adventure.
“My suggestion for any entrepreneur who is looking to expand her markets and relationships internationally first define what countries, regions, and markets that they have a desire to do business in and then go to that country and spend some quality time there before making any significant investments there.”
Life is puzzling. The collection of 33 essays in this book share wisdom about how some of the "pieces" of the puzzle are being lived & navigate by 33 essayist who are from many walks of life. Each essay begins with the words: "This I Know for Sure..." and then provides vignettes of the author's life and formative experiences and explains how s/he came to know this for sure."
33 Gems: Wisdom for Living Pieces of Life’s Puzzle
Sharon T. Freeman, Ph.D., et.al.
President of Gems of Wisdom Consulting, Inc.
Gems of Wisdom Consulting
1629 K St, NW, Suite 300
Washington, DC 20006
Phone: (202) 699-2368
Maryland Governor Larry Hogan has appointed Robert L. Wallace to the University Systems of Maryland Board of Regents effective July 1, 2018. The Regents oversee the system’s academic, administrative, and financial operations; formulate policy; and appoint the USM chancellor and the presidents of the system’s 12 institutions.
Robert Wallace’s economic development consulting services have supported companies and community leaders charged with accelerating economic growth. Since rising from a financially disadvantaged and racially segregated community to build three of his own successful companies, Bob has consulted hundreds of other leaders around the world – sharing his researched, tested and proven methodologies to unleashing economic growth and human achievement at all levels.
Wallace consults government and community officials and their organizations to design and execute targeted economic development strategies to:
Maximize community competitiveness in the new global economy
Harness strategic partnerships for profitable collaborations
Empower disadvantaged businesses to accelerate and sustain growth
Attract and retain companies to boost local economies
Create global opportunities for domestic emerging markets
Diversify local industry and economic activity by promoting entrepreneurship
“I am honored to be appointed as a Regent for the University Systems of Maryland Board of Regents. Looking forward to serving and helping with moving the system’s needle forward.” - Robert L. Wallace
Improving the efficiency and availability of energy is one of the great challenges of the 21st century. It's also an area in which Tuck is thriving. -by Jeff Moag
Robert Wallace says he learned three lesson from two people: his grandfather and tech pioneer Steve Jobs.
- Life is short.
You need build a sense of urgency in your life if you are going to accomplish great things.
- We must learn to work together and stay focused on what is important.
The Baltimore native founded and leads three companies; Bithenergy, an energy services company; BITHGROUP Technologies Inc., an IT service provider; and EntreTeach Learning Systems LLC, providing web-based training for women and minorities.
He has written several books, serves as an in-demand speaker on the business circuit and helped establish Global Vessels, a faith-based nonprofit aiding humanitarian projects all over the world. He also serves on the board of the Greater Baltimore Committee.
As he looks over his tech career, family life and community leadership positions Wallace says he has taken the three lessons to heart and applied them in his personal and professional life.
Wallace has found three areas where people should focus on every single day--intensity of purpose, intensity of persevering and intensity of perspective.
"Because I have learned in business and in life that if you and I can master the art of perspective then it will drive and give your perseverance and it will keep you focused on your purpose," he says.
Initiative for a Competitive Inner City (ICIC) welcomes Robert L. Wallace to the Inner-City Alumni Network Board.
ICIC is a national nonprofit research and advisory organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Its mission is to drive economic prosperity in America’s inner cities through private sector investment to create jobs, income and wealth for local residents. ICIC helps business, government and philanthropic leaders leverage local assets to transform communities. They deliver the knowledge and the know-how to achieve sustainable economic and job growth.
The organization was founded in 1994 by Harvard Business School professor Michael Porter. Today its research and advisory team is shaping economic development strategies in more than twenty inner cities. Learn More
The ICIC Alumni Network Board consist of ICIC alumni throughout the country who are thought leaders. Wallace’s renewable energy service company, Bithenergy, Inc. (www.bithenergy.com ), was named by ICIC Inner City 100 the fastest-growing inner city firm in the U.S. in 2015, earning it the annual Staples Business Growth Award.
Robert L. Wallace, President & CEO of BITHGROUP Technologies and Bithenergy, Inc. will be honored by The Daily Record on March 22, 2018 at the 2018 Influential Marylanders Awards. The award ceremony will celebrate individuals who have made significant impacts in their field and continue to be leaders in Maryland. Robert was selected by The Daily Record’s editors for his untiring contribution and leadership in the area of general business.
Robert is an internationally-known entrepreneur, author, speaker and consultant. With more than 30 years of business experience spanning engineering, energy and IT, Bob blends decades of research with practical real-world advice to educate and inspire entrepreneurs and executives worldwide. He shares his innovative strategies for success with other corporate and community leaders through his growing library of books and other content, and through his energetic keynote presentations and training workshops. (Learn more about Robert L. Wallace at www.robertwallace.com, www.bithgroup.com, and www.bithenergy.com.)
Winners will be profiled in a special magazine that will be inserted into the March 23rd issue of The Daily Record and will be available online.