In a landmark development poised to reshape the framework of minority business recognition in the United States, the Orthodox Jewish Chamber of Commerce is set to sign a groundbreaking Memorandum of Understanding (MOU) with the U.S. Government and the Department of Commerce. This pioneering agreement, scheduled to take place this Monday January 13th at the U.S. Department of Commerce in Washington, D.C., marks a significant victory following years of dedicated advocacy and dialogue.
For the first time in U.S. history, Jewish businesses will be formally recognized as a minority group, opening up access to a wealth of resources and support through the Minority Business Development Agency (MBDA). This includes eligibility for billions in government programs, grants, contracts, and subsidized financing, all specifically crafted to bolster the growth and competitive edge of minority-owned businesses.
With the signing around the corner, excitement is mounting not only within the Jewish business community but also far beyond, capturing the attention of major mainstream media outlets like Newsmax, which have featured interviews with the Chambers founder. This historic event is generating buzz well outside Jewish media and business circles.
Duvi Honig, founder and CEO of the Orthodox Jewish Chamber of Commerce, reflects on this achievement with deep gratitude towards the Department of Commerce’s leadership. “It’s truthfully mind-boggling,” Honig asserts. “While Hispanic and African American populations have long been recognized for these programs, Jewish businesses have yet to receive this acknowledgment despite constituting just 2% of the U.S. population.”
The forthcoming signing ceremony represents more than just a policy shift; it is the culmination of relentless efforts to correct a historical oversight that dates back to the Department of Commerce’s establishment in 1969. Through this recognition, Jewish businesses will finally stand alongside other minority groups, benefiting from federal initiatives aimed at leveling the economic playing field. By recognizing Jewish businesses as a minority group, the United States takes a definitive stand on promoting diversity and inclusiveness within the economic sphere.
As the Orthodox Jewish Chamber of Commerce prepares to sign this transformative MOU, it paves the way for renewed opportunities and a fortified future for Jewish businesses across the country.
Mondays MOU signing is set to reshape the nation’s dedication to diversity and inclusion, says R Pini Dunner, Chairman of The Orthodox Jewish Chamber of Commerces West Coast Beverly Hills division.