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MBDA Director Speaks at Miami’s International Multicultural & Heritage Tourism Summit & Trade Show

Blogged By: 
Justin Chang, MBDA Intern
Created on July 23, 2014
 

 

National Director Alejandra Y. Castillo at  International Multicultural & Heritage Tourism Summit & Trade Show

Pictured left to right: Ron Busby, President. U.S. Black Chamber of Commerce; Alejandra Y. Castillo, MBDA National Director; Andy Ingraham, President National Association of Hotel Owners, Operators and Developers; and Toya Powell, VP U.S. Black Chamber of Commerce

 

On Friday July 18th, National Director Alejandra Y. Castillo spoke at the International Multicultural & Heritage Tourism Summit & Trade Show at the invitation of National Association of Black Hotel Owners, Operators & Developers (NABHOOD). As director of the Minority Business Development Agency (MBDA) – the only federal agency tasked with building the size, scale, and capacity of minority businesses – Castillo was able to offer particular insight into the theme of this year’s conference, which was the “Business of Multicultural & Heritage Tourism.” Castillo highlighted the strong alignment of interests between MBDA and the success of minority-owned businesses in the tourism industry.

She also indicated how MBDA, through its resources, can offer particular support to this business community by working to increase their access to capital financing. In addition, the conference was a learning opportunity for MBDA as it allowed Castillo and her staff to learn more about this $90 billion market sector, and the particular challenges minority-owned businesses face working in this industry.

MBDA Recognizes Two Additional Honorees during the 2014 MED Week Conference

Blogged By: 
Hau Chu, MBDA Intern
Created on July 22, 2014
 

MED WeekThe Minority Business Development Agency’s (MBDA) signature event is right around the corner. The 2014 National MED Week Conference will be held July 31 to Aug. 1 at the Washington Hilton Hotel in Washington, D.C.

The yearly conference features opportunities for minority businesses to engage and connect with numerous subject-matter experts in the private and public sectors. One of the featured events during the conference is the MED Week Awards Luncheon.

“This year’s MED Week awardees exemplify growth, diversity and transformation, and are true champions for the minority business community,” said Alejandra Y. Castillo, MBDA National Director. “We’re very proud of their tremendous achievements in helping grow the national economy through innovation, job and wealth creation.”

In addition to this year’s 13 MED Week Award winners, MBDA will honor two individuals with a National Director’s Special Recognition and a Pioneer’s Recognition.

Five Things Small Businesses Should Know About Export Control Reform

Blogged By: 
MBDA
Created on July 2, 2014
 

Satellites - Export Control ReformSmall businesses are growing at unprecedented rates. They employ about half – 55 million – of the nation’s private workforce and account for 99.7% percent of all employers in the U.S. Through exporting, they have the opportunity to grow even more: two-thirds of the world’s purchasing power is in foreign countries. In a 2013 survey of 500 small business owners, the National Small Business Association (NSBA) found that 63% of participants who did not already export said that they would be interested in doing so, but cited lack of information on exporting as an obstacle for small businesses.

In 2009, President Obama launched the Export Control Reform (ECR) initiative, a significant effort aimed at enhancing our national and economic security through reform of the export control system—a system that had not been comprehensively updated in decades. The Commerce Department’s Bureau of Industry and Security (BIS) administers export controls for commercial and some military commodities and technologies. Now, the President’s ECR initiative is transferring tens of thousands of less sensitive military items from the State Department’s jurisdiction to the more flexible Commerce regulations. Most are parts and components; many are manufactured by small businesses. Moving these items to Commerce benefits small businesses because BIS’s regulations allow for more nuanced distinctions among technologies, destinations, and end users than the State Department’s regulations.

B2B Best! Matchmaking at the 2014 National MED Week Conference

Blogged By: 
MBDA
Created on July 18, 2014
 

Connecting Business with Opportunity is the theme of the 2014 National MED Week Conference on July 31-August 1 in Washington D.C.  This year’s event introduces an all new B2B Best! matchmaker and expo that will engage, educate, and connect conference attendees. 

MBDA Business Center Spotlight: Bridgeport

Blogged By: 
MBDA
Created on July 18, 2014
 

Event at Bridgeport MBDA Business Center on June 12Minority businesses learned valuable tips, like how to grow their businesses by connecting with the 95% of consumers who live outside the United States, at the Bridgeport MBDA Business Center on June 12.

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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