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Three New Resources for HUBZone, Government Contracting Programs

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Created on November 13, 2014


HUBZone BenefitsThe Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. Below are three new resources provided by the U.S. Small Business Administration (SBA) to help you explore this and other government contracting programs.

  • HUBZone Mini-Primer on Principal Office and 35 Percent -- This 15-minute presentation includes examples addressing the most commonly asked questions about how these requirements work. This information is important since 85 percent of companies are decertified for not being able to maintain either principal office or the employee residency requirement.

  • HUBZone Quick Facts -- this flier is a handy and visual snapshot of the HUBZone program that you can share with others in your community and network. 

  • Eight Tips for Finding Government Contracting Opportunities -- this blog post provides helpful tips and considerations for any small business looking to increase their revenue by doing business with the government.

Connecting Minority Serving Institutions with Research and Entrepreneurship Opportunities

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Created on November 12, 2014

Tech TransferEarlier this month, the National Institute of Standards and Technology (NIST) and the Minority Business Development Agency (MBDA) hosted a special event for minority serving institutions to foster collaborations that could increase minority participation in scientific research and entrepreneurship. Representatives from large and small colleges and universities across the country gathered to learn about NIST’s national research priorities and about “lab-to-market” opportunities from both NIST and the MBDA.

MBDA National Director Alejandra Castillo explained why the event was timely in her opening remarks when she said, “Wealth creation is happening in the high technology sector, but only four percent of those businesses are minority owned. Minority serving institutions are not only positioned to educate scientists and engineers, but to create partnerships for the businesses of tomorrow.”

Small Business Health Care Tax Credit Estimator

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Created on November 12, 2014

Tax Credit EstimatorIf you’re an employer who may be eligible for the Small Business Health Care Tax Credit, you can use this Estimator. The credit is designed to encourage small businesses to offer health insurance coverage for the first time or maintain coverage they already have.

For some employers and tax-exempt organizations, this could save thousands of dollars by providing a credit against income tax (a refundable credit for certain tax-exempt organizations).

The Estimator can help determine whether you’re eligible for the credit and if so, estimate the amount. This tool is meant to be educational. To find the actual amount, you must complete Form 8941, Credit for Small Employer Health Insurance Premiums, or consult a qualified tax professional. The Estimator also provides links to forms, instructions, and guidance to help you learn more about the Small Business Health Care Tax Credit.

Veterans at MBDA Supporting Minority-owned Businesses & Helping Grow the U.S. Economy

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Created on November 10, 2014

The Minority Business Development Agency (MBDA) is committed in supporting U.S. veterans. It is an honor to celebrate the many contributions of our service members as they continue helping our country thrive. Our veterans are the bedrocks of our Nation and have served or continue serving, as the guardians of our society.

At MBDA we thank all veterans for their service and are fortunate to have a number of them working with us day-to-day supporting minority-owned businesses and helping grow the U.S. economy. Each one brings a unique contribution to our agency, here are a few examples of their continued service to our Nation.

Major Infrastructure Projects in Mexico: Exporting Opportunities for U.S. Firms

Blogged By: 
Gabriela Morales-Richards, MBDA Business Development Specialist
Created on November 10, 2014

Concept of the New Mexico City Airport and Terminal BuildingRecently the Minority Business Development Agency’s (MBDA) National Deputy Director, Albert K. Shen, met with Carlos Marron, Senior Investment and Trade Commissioner of ProMexico, to discuss ways to collaborate on upcoming infrastructure projects throughout Mexico.

Over the next four years, the Mexican Government plans to invest more than $600 billion to modernize transport, telecommunications, water, energy, and environment sectors. These infrastructure projects present minority-owned businesses with a unique opportunity to leverage cultural and familial ties, and language capabilities as strong competitive advantages in Latin America markets.

Did you know...

The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
Graph for MBDA Client Portfolio made up by SGI Clients

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