strategy will focus on those businesses and business owners that have the
potential for profitably, creating more jobs and a broader-base of ownership.
We will seek to capitalize on the lessons learned in the early days following
the civil rights act in the United States; one example being that only a select
few captured most of the new opportunities. The benefits of a broader-base of
ownership include, but is not limited to: the availability of more skill sets
in the hands of owners rather than hired employees; the creation of a team
approach to execution of the business plan; a larger marketing staff to attract
more consumers from the ranks of friends, acquaintances and larger
corporations; a larger group of stake holders that benefit from the success of
the venture, which will then reduce catastrophic downside risks to new or
existing entrepreneurs; and, finally, utilization of a business model that
capitalizes on the broader involvement of NGOís, Government and the Private
Sector, or what is commonly called a public-private partnership.
While we have stressed
the importance of investing in businesses with broad-based ownership, we have
also decided on a strategy for broad-based fund management and ownership. We
are utilizing a public-private partnership at the fund management and ownership
level and currently using the business model employed by other successful corporations
in Florida and nationwide. We will recruit a broad-base group of advisors, to
compliment our broad-based fund management team. In essence, we will practice
what we espouse.
Millenniumís staff has
identified strategies for assisting groups in developing sustainable ventures
that ultimately preserves capital. By using the Overseas Private Investment
Corporation, www.opic.gov , Export-Import Bank, www.exim.gov , The Millennium
Challenge Account, www.mcc.gov , African Growth and Opportunity Act,
www.agoa.gov and many other agencies and programs, sustainable investment
opportunities can be realized.