press release

Texaco Press Release - Business Roundtable Launches BusinessLINC Website

New website to enhance Business-to-Business Partnership Program

The following Press Release was issued by The Business Roundtable.

FOR RELEASE: WEDNESDAY, OCTOBER 4, 2000

Washington, D.C., October 4 - The Business Roundtable (BRT) has announced the launch of a new website, www.business-linc.org. The site will support the BusinessLINC National Coalition efforts to encourage large companies to mentor smaller, less experienced businesses, especially those in economically distressed communities.

These mentoring relationships increase opportunities for smaller companies to obtain technical assistance, enhance management development, access sources of financing, increase marketplace credibility, and enter into subcontracts and joint ventures. The LINC acronym stands for "Learning, Investment, Networking, Collaboration".

The BusinessLINC website will serve as a resource for both small businesses seeking growth opportunities and larger companies interested in broadening their business partnerships. It will also serve as a vital communications link between small businesses and major corporations and other members of the National Coalition.

In addition to providing links to BusinessLINC's local chapters around the U.S., the site will provide direct links to and information about the small business/minority outreach programs within the BRT membership; "how to" information regarding public and private small business financing; information about national and local conferences on economic outreach; guidance for forming a local coalition and a database for best practices.

"The internet enables BusinessLINC to widen its reach significantly and to provide valuable information on business-to-business partnership opportunities," said Peter I. Bijur, Texaco Chairman and CEO and BusinessLINC National Chairman. "By harnessing the power of large companies to provide business mentoring and significant partnership opportunities, real change can be experienced by many small businesses that, until now, have truly struggled to expand their market reach."

Commenting on the launch, Donet D. Graves, Jr., Executive Director of BusinessLINC, said, "It is our greatest hope that the new BusinessLINC website will provide small businesses with the resources they need to grow and expand their business, while also providing an easy way for larger corporations to establish direct relationships with potential business partners."

The Business Roundtable is a member of the national coalition and leads the BusinessLINC program.

Other members of the national coalition include the National Association of Women Business Owners; Women's Business Enterprise National Council; National Minority Supplier Development Council; The Conference Board; U.S. Hispanic Chamber of Commerce; National Association of Minority Contractors; National Congress for Community Economic Development; the National Black Chamber of Commerce; the U.S. Pan Asian American Chamber of Commerce; Asian, Inc. and the National Coalition of Minority Businesses.

The Business Roundtable is an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees in the United States. The chief executives are committed to advocating public policies that foster vigorous economic growth and a dynamic global economy.

Updated: October 2000