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Blog September 2013


“Kingonomics” Conference Empowers Minority Entrepreneurs

Blogged By: 
MBDA
Created on September 12, 2013
 

KingonomicsOver 100 experts in innovation, entrepreneurship, and investment sought to educate and empower those who attended the Kingonomics Conference at the Walter E. Washington Convention Center in Washington, DC, on August 23.

The conference, which was held in conjunction with the 50th Anniversary of the March on Washington, included panel discussions, economic “boot camps,” and even an official casting call for ABC’s Shark Tank, a TV show where self-made multi-millionaire and billionaires give budding entrepreneurs the chance to potentially secure business deals that could make them millions. “This event gave entrepreneurs the opportunity to access micro-loans, meet angel and super angel investors and connect with venture capital firms,” said Dr. Rodney Sampson, coordinator of the Kingonomics Conference.

Exporting to Sub-Saharan Africa is a win-win!

Blogged By: 
David A. Hinson, National Director
Created on September 12, 2013
 

David Hinson, National Director Last month the United States Government partnered with the Federal Democratic Republic of Ethiopia to host the 2013 U.S.—Sub-Saharan Africa Trade and Economic Cooperation Forum in one of East Africa’s largest and most vibrant cities, Addis Ababa, Ethiopia.  Senior U.S. Government officials and business leaders, along with their counterparts from African Growth and Opportunity Act (AGOA)-eligible nations, discussed a range of trade and investment-related issues that are likely to have a significant impact on the future of Sub-Saharan Africa. 

AGOA is the most important trade legislation between the United States and Sub-Saharan Africa to date, and has paved the way for new product exports to the United States, including cut flowers, horticultural, automotive products, and steel. Textile, apparel goods and agricultural products, a promising area for new AGOA trade, were added in 2009.  Since being signed into law in 2000, AGOA has resulted in substantial growth of the African apparel industry, adding 350,000 new jobs in Sub-Saharan Africa, and about 100,000 jobs in the United States. 

SelectUSA 2013 Investment Summit: America is Open for Business

Blogged By: 
MBDA
Created on September 6, 2013
 

The two-day SelectUSA 2013 Investment Summit will connect international and domestic investors and firms with economic development organizations (EDOs) from across the United States, in an effort to promote investment and job creation.

Export Readiness Assessment Tools

Blogged By: 
MBDA
Created on September 6, 2013
 

There are various resources that allow you to assess your company’s readiness to export. These tools help you to understand what constitutes export readiness for a firm, and how your company can move toward that goal:

Export.gov’s “Are You Export Ready?” Questionnaire - This questionnaire highlights characteristics common to successful exporters. Many of these questions will guide you into areas of the Export.gov homepage where you can obtain more information on exporting. Upon completion, you will receive a score which will help you to assess your export readiness, as well as identify areas of your business needs to strengthen to improve its export activities.

globalEDGE Diagnostic Tool--CORE™ - This self-assessment tool allows you to determine your company's readiness to expand its operations internationally and ascertain its ability to export a particular product.

Plan to Stay in Business

Blogged By: 
MBDA
Created on September 4, 2013
 

Ready.govAs a business owner or manager, you are a leader in your community and have the opportunity to set an example for your employees, customers, and community to follow. This September for National Preparedness Month, join your community in preparing for emergencies and disasters of all types, and leading efforts to encourage the community as a whole to become more prepared.

Disasters not only devastate individuals and neighborhoods, but entire communities, including businesses of all sizes. As an employer in your community, having a business continuity plan can help protect your company, its employees, and its infrastructure, and maximizes your chances of recovery after an emergency or disaster.

Ready Business asks companies to take three simple steps: plan to stay in business; encourage your people to become Ready and protect your investment.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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