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Article: Black-owned businesses. (includes related article on Philomena Okigbo)
- Article from:
- American Demographics
- Article date:
- June 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Copyright by Media Central Inc., A PRIMEDIA Company. All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Terry Maxwell knew a market existed for office products designed to prevent repetitive-motion injuries. The Mesa, Arizona, resident had sales and marketing experience, and his wife was an engineer with skills in technical design. In 1993, Maxwell did the logical thing; he started a company called Ergonomic Products. Three years later, his client list includes AT&T, Procter & Gamble, Revlon, and American Express.
Maxwell is one of a burgeoning number of black entrepreneurs. Between 1987 and 1992, the number of black-owned businesses increased 46 percent, from 424,200 to 620,900, according to the Census Bureau's Survey of Minority-Owned Business Enterprises.(*) The ...