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Blog August 2013


Discover What’s Next for Your Business at the Discover Forum

Blogged By: 
Shirreef Loza & Frances Selema, Senior International Trade Specialists
Created on August 28, 2013
 

Discover 2013There are plenty of questions for a small business looking to start exporting. What markets are best suited for your company’s products? How can you compete with larger companies? How can you get paid for your products? What kind of research do you need to do to begin exporting?

Luckily, you can get answers to all these questions and more at the 2013 Discover Global Forum in Raleigh, NC, Sept. 16-18.

This two-day summit will feature some of the world’s most knowledgeable people when it comes to exporting. Trade specialists from around the globe will be on hand to share inside tips about doing business in established and emerging markets, from Africa to Asia and the Middle East to South America.

Dr. King’s Legacy

Blogged By: 
David A. Hinson, National Director
Created on August 28, 2013
 

Martin Luther King - March on WashingtonFifty years ago this week, on August 28, 1963, Dr. Martin Luther King, Jr. delivered one of the most consequential speeches in American history. Standing in the shadow of the Lincoln Memorial before nearly a quarter million Americans from nearly every corner of the nation, Dr. King articulated his vision of a more just and equitable America, creating  a powerful weapon in his non-violent crusade for civil rights.

His goal was simply stated, easy to understand and remarkably consistent with what he believed throughout his entire life.  He wanted social and economic justice for all.  In fact, he spoke about justice 11 times in his famous speech, exactly the same number of times he used the word “dream.”

My office, the Minority Business Development Agency, is located directly across the street from the Willard Hotel where Dr. King prepared his notes and rested the night before he spoke.  When I look in that direction now, 50 years later, I wonder what might have been going through the minds of those who were there with him on the mall, or those who saw him live on television. Did they realize they were witnessing such an historic moment?

The Billion Dollar Roundtable

Blogged By: 
David A. Hinson, National Director
Created on August 23, 2013
 

Each year, since 1955, Fortune Magazine ranks the 500 largest corporations in the United States.  Corporations that are part of the Fortune 500, purchase goods and services from other businesses which in turn support thousands of other companies and millions of jobs across the nation.  Becoming a supplier to a major corporation is a growth strategy that many minority-owned firms incorporate into their business plans, and Fortune 500 corporations have responded by launching supplier diversity programs.  Some are more successful than others. 

The Billion Dollar Roundtable (BDR) was created 12 years ago to identify and honor those Fortune 500 corporations that have embraced the value of working with diverse suppliers and procuring quality products and services to satisfy their corporate needs.   Every corporation that is a member of the Billion Dollar Roundtable is formally committed to procuring at least $1 billion annually in goods and services from minority and women-owned businesses.  Today, there are 18 corporate members of the BDR, with many more on their way to achieving the $1 billion threshold.

Making the Connection Between Air Travel, Exports, and Jobs

Blogged By: 
Justin Fisk, Intern with International Trade Administration
Created on August 16, 2013
 

Departure BoardHouston’s exports have been soaring, and they will get an additional boost now that Air China, China’s flag carrier, opened up a non-stop flight route between Beijing and Houston.

This is Air China’s first non-stop flight route to the U.S. in 30 years, and it is easy to see why Air China chose Houston—the city consistently ranks near the top of the most globally-oriented business communities in America.

In fact, for the first time since the data has been collected, Houston became the top exporter among U.S. metropolitan areas in 2012. Houston’s goods exports totaled $110 billion, accounting for more than half of all Texas exports.

This new flight will only help Houston exporters continue to expand to new markets.

Behind Mexico, Canada, and Brazil, China is Houston’s fourth-largest export market, importing more than $5 billion of goods from Houston in 2012. With China’s rapid urbanization and growing middle class, demand for American-made products is likely to grow. This new flight is the next step in expanding the relationship between Houston and China.

The March on Washington - 50 Years Later

Blogged By: 
David A. Hinson, National Director
Created on August 15, 2013
 

David Hinson, National DirectorFifty years ago, on August 28, 1963, on the 100th anniversary of the Emancipation Proclamation, Martin Luther King Jr. led a “March on Washington for Jobs and Freedom” that culminated at the Lincoln Memorial.  A quarter of a million traveled to Washington, DC, to hear what Dr. King had to say.  Millions more listened on television and radio.

The day began with Marian Anderson, one of the greatest singers of the 20th century, singing the National Anthem. The day ended with Dr. King delivering one of the greatest speeches ever given in American history.

It is interesting to note that no one ever called Dr. King’s speech the “I Have a Dream” speech until after he finished it.  The original title of his speech was “The Cancelled Check.”  He also called it “The Normalcy Speech.”  Dr. King chose those titles because an important part of his speech was about jobs. America, he said, was defaulting on a “promissory note insofar as her citizens of color are concerned.”  He said “America has given… a bad check, a check which has come back marked ‘insufficient funds’” because of discrimination in jobs, limited job mobility, jobs that offered only minimum wages and high unemployment for the rest.

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Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
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