HOPKINSVILLE, KY (8/8/12) – Kentucky’s Minority Enterprise Development Week (MED Week) is the state’s premier event that celebrates the contributions, success and achievements of minority-owned businesses and those that support minority enterprise development. 2012 MED Week of Kentucky is presented by Wal-Mart Logistics, USDA Rural Development and hosted by Minority Economic Development Initiative Western Kentucky, Inc. (MEDI). The 24th Annual MED Week celebration began Sunday, August 5 and runs through Saturday, August 11 at James E. Bruce Convention Center in Hopkinsville.
On Wednesday, the Small Business and Entrepreneurs Opportunity Conference was held at the James E. Bruce Convention Center. Attendees were greeted by Hopkinsville Mayor Dan Kemp who emphasized that this year’s theme is the Year of the Entrepreneur.
First District Congressman Ed Whitfield also welcomed the audience. He said, “The policies that we adopt in Washington, D.C. go a long way in determining whether or not small businesses are blessed with an environment that they can thrive.” He continued by saying that there has been a lot of discussion recently about increasing taxes on those who make $250,000 or more. Rep. Whitfield said there are many small businesses that are organized as Subchapter S Corporations and would be impacted by this. He said, “The income of the small business is treated as personal income. A lot of small businesses make more than $250,000 a year.” He added that under the proposal, these businesses would be taxed more, “At this time in our economy, many of us feel strongly that we do not need to be increasing taxes, particularly on small businesses right now.”
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