Young Professionals

The Republican Party recently selected Michael Steele to serve as the Chairman of the National Party, who becomes the first African American to hold that post.
But in terms of their overall policies, what does the Republican Party need to do to pick up more votes from people of color?  How can the GOP increase their appeal while upholding the party's platform of small government, low taxes, social conservatism, and big business in today's economic and social landscape?  Can the Republican Party regain relevance in national politics without increasing voters of color in their base?