By Rep. Spencer Bachus and former Rep. J.C. Watts Jr.
July 8, 2013, 5 a.m.
There was considerable discussion on increasing opportunity at each rung of the economic ladder. This can range from an entry-level summer job to making sure capital is available to aspiring entrepreneurs as envisioned by the JOBS (Jumpstart Our Business Startups) Act, bipartisan legislation that originated in the House Financial Services Committee.
Minority-owned businesses are looking for ways to have a meaningful seat at the table. They want to be able to make their case when it comes time for decisions to be made at the procurement table and they are then prepared to live with a decision that has been made strictly on the merits.
When it comes to the formulation of public policy to address these issues, Dr. Keys observed, “Government is not responsible for mandating these tasks, but it must be a conducive environment in which responsibility and personal initiative can flourish.”
The hope of INSIGHT America is that the standing-room audience of Hill staffers and economic development professionals at the forum were given new ideas on how to approach these issues and that relationships were formed that will promote the development of more effective policy for communities of color.
What remains true is that success must be possible for everyone in our society and that success is most satisfying when it is achieved through one’s own determination and hard work.
Rep. Spencer Bachus is chairman emeritus of the House Financial Services Committee and represents the 6th District of Alabama. He is an honorary co-chairman of INSIGHT America. J.C. Watts Jr. is founder and chairman of INSIGHT America and represented the 4th District of Oklahoma in the House from 1995 to 2003.