President Johnson 's Vision Of Creating A Great Society

1248 Words Jul 7th, 2016 5 Pages
Programs to stimulate growth of minority-owned businesses have existed in the United States since the late 1960s. President Johnson’s vision of creating a “Great Society” led to a host of endeavors that sought to change the political, social and economic landscape of the U.S. In his 1965 commencement address to graduates of Howard University, LBJ gave voice to his vision, declaring, “We seek not just freedom but opportunity. We seek not just legal equity but human ability, not just equality as a right and a theory but equality as a fact and equality as a result.” There has been Executive Orders issued by the President of the United States throughout history to carry out and to promote minority-owned businesses:
Keywords: Minority-Owned, Supplier Contracts
Promoting Minority Businesses
The United States has been initiating programs to stimulate growth of minority-owned businesses since the late 1960s. The term minority-owned suppliers is used by the U.S. federal government to describe a company that is at least 51% owned by minorities such as a African Americans, Hispanic Americans, Native Americans, or Asian-Pacific Americans. Women-owned businesses and firms that are owned by physically disabled people are separate classes of firms with unique designations. (Monczka, Handfield, Giunipero, & Patterson, 2015)
On September 24, 1965, more than two years after the Reverend Martin Luther King, Jr. delivered his “I Have A Dream” speech on the steps of the Lincoln…

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