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Look South: Increasing U.S. Trade with Latin America

Blogged By: 
Gabriela Morales, MBDA, Business Development Specialist
Created on January 13, 2014
 

Look South LogoDuring President Barack Obama’s Weekly Address, he expressed that, “Latin America represents an incredible opportunity for the United States, especially when it comes to my top priority as President: creating good, middle-class jobs… Right now, over 40 percent of our exports go to the Americas.”

As part of the Obama administration’s continued work to promote exports and strengthen the U.S. economy, U.S. Secretary of Commerce Penny Pritzker unveiled "Look South,” a new initiative aimed specifically at increasing U.S. trade with Latin American economies with whom the U.S. has free trade agreements (FTA).

Look South is part of the Commerce Department’s “Open for Business Agenda,” and supports President Obama’s National Export Initiative by encouraging the expansion of export markets. Minority business enterprises (MBEs) are uniquely positioned to benefit from the Look South effort, which will help them expand to new export markets and generate more revenue. MBEs are twice as likely to export compared to non-minority firms, more than three times as likely to generate 100 percent of all their sales from exports, and are better able to expand abroad because of linguistic and cultural ties to a region. View Minority-Owned Firms Lead the Nation in Exporting Fact Sheet

Not Just Contracts: The SBA’s 8(a) Business Development Program

Blogged By: 
SBA News

The U.S. Small Business Administration will present Not Just Contracts: The SBA’s 8(a) Business Development Program, the first of a free, two-part webinar series on Jan.15 at 2 p.m. EST.  The second webinar will be held Jan. 22 at 2 p.m. ET.

The hour-long webinars will cover:

  • Eligibility requirements for 8(a) certification

  • Technical assistance available through the 8(a) Program

  • Common misconceptions about the 8(a) Program

  • The top reasons why an 8(a) application is declined or returned 

The first webinar will focus on how the 8(a) Program works, eligibility requirements, technical assistance available to small disadvantaged businesses and common myths about the program.

Top 15 Blogs of 2013

Blogged By: 
MBDA
Created on January 10, 2014
 

BlogsLooking for the information and tips to grow your business, here are the 15 most visited blogs on mbda.gov for 2013.

Minority Entrepreneurs — Continuous Success with Angel Investors!

Minority-owned businesses are the fastest growing business sector in the Nation, in terms of gross receipts and paid employees.[1] Yet, access to capital remains the biggest obstacle limiting their establishment, expansion and growth. While traditional funding remains the most sought after source of capital, alternative funding sources, such as angel investors, have proven successful for minority entrepreneurs.

Performance Highlights: FY 2009-FY 2011

The Minority Business Development Agency (MBDA), a job-creating agency, leads Federal efforts to promote the growth and global competitiveness of America’s minority business community. This summary includes a small portion of our overall accomplishments during the first three years of the Obama Administration.

Do I really need a business plan?

The War on Poverty: 50 Years Later

Blogged By: 
MBDA
Created on January 8, 2014
 

Statement by the President on the 50th Anniversary of the War on Poverty

Fifty years ago, in January of 1964, President Lyndon B. Johnson declared a “War on Poverty” and introduced initiatives designed to improve the education, health, skills, jobs, and access to economic resources of those struggling to make ends meet.

New Rules to 1910 Buy Indian Act Give Indian-owned Businesses Additional Procurement Opportunities

Blogged By: 
Federal Reserve Bank of Minneapolis
Created on January 7, 2014
 

More than a century after its passage, an act of legislation with the potential to transform the federal government’s purchasing practices in Indian Country finally has the force of law.

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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