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MBDA Business Center Spotlight: Los Angeles

Blogged By: 
MBDA
Created on July 10, 2013
 

About 15 miles inland from the Pacific Ocean, in the largest city on the West Coast, is MBDA’s Los Angles Business Center.

To meet the diverse needs of their clients, the Los Angeles MBDA Business Center staffs two offices. One office is located on the campus of the University of Southern California and allows clients to benefit from the resources of academia. While the second office, located at city hall in the Los Angeles Mayor’s Office of Economic and Business Policy, brings clients closer to the connections of local government and private industry. Their unique service model continues to yield tremendous results in providing the Los Angeles minority business community with valuable business resources including access to contracts and capital.

One of the highlights of the LA MBDA Business Center is its Annual Minority Business Award Program, which was recently held at City Hall. Beginning in 1995 and continuing every year since then, this year’s awards ceremony recognized industry leaders that play a role in building the economy through job creation.

New this Month: The MBDA Global Webinar Series

Blogged By: 
MBDA
Created on July 10, 2013
 

WebinarJoin the first global webinar on July 24th!

MBDA has partnered with the International Trade Administration (ITA) to offer a global webinar series. We invite you to take a closer look at exporting, increase your knowledge of various export markets, and learn how to leverage the resources of the federal government.

The 2013 Global Webinar Series’ topics include:

  • July 24: How to Meet International Buyers - In this webinar you will learn about U.S. government programs to help you identify buyers and generate sales. Learn about customized market research, B2B matchmaking, as well as how to leverage the best trade shows. Download Powerpoint Slides

  • July 31: How to Write an Export Plan - Most small exporters don’t have a written plan.   They should. Get tips on how to write a simple, effective export plan with a step-by-step prioritized to-do list. Download Powerpoint Slides

  • August 7: How to Identify International Markets for your Products - Learn a rigorous yet easy to apply process for selecting and prioritizing international markets. Discover the best sources of market intelligence and how to interpret and apply it to meet your business objectives. Download Powerpoint Slides

  • August 21: How to Finance your Exports and Get Paid - Learn about programs that provide export finance and insurance, as well as popular methods of payment that will lower risk while increasing your competitiveness. Download Powerpoint Slides

  • September 11: How to Ship your Products - Learn about common export documents and how to comply with U.S. and foreign regulations.

Virginia Entrepreneur Makes Connection to Expand Business Opportunities

Blogged By: 
Alberto Betancourt, MBDA Press Secretary
Created on July 10, 2013
 

Trade MissionJorge Lozano said he arrived in America from his native Bolivia when he was 10 years old with a suitcase full of clothes and pocket full of dreams. Today, 50 years later, Lozano is the President and CEO of Condortech Services, Inc., an integrated security solutions company that protects over $1.8 billion in assets in Washington, D.C.

In his 2013 State of the Union speech, President Obama outlined his vision for making America a magnet for investment, innovation, and economic growth. He said that if we are going to keep our economy growing, we need to ensure that opportunities to prosper are open to all the innovative risk-takers and entrepreneurs who are pursuing the American dream, especially our minority business entrepreneurs.

Lozano, a client of the Minority Business Development Agency’s (MBDA) Federal Procurement Center in Washington, D.C., took that risk and made his American dream come true—and he’s not done yet.

He recently accompanied former Acting Secretary of Commerce Rebecca Blank on an infrastructure business development trade mission to Brazil, Colombia, and Panama. The purpose of the trip was to promote U.S. exports by helping U.S. companies in infrastructure sectors make the connections they need to expand their business opportunities in the three countries.

News to Use: Implementing the Affordable Care Act

Blogged By: 
MBDA
Created on July 10, 2013
 

HealthcareThe New HealthCare.gov and the Health Insurance Marketplace

Health insurance is changing in important ways in 2014. HealthCare.gov is ready to help you with the upcoming changes, especially one of the most important: the opening of the new Health Insurance Marketplace.

Answering your questions about health coverage

The resources and tools made available on the website will help you understand your new health coverage options so you can enroll in a plan that works for you and your family. If you run a business, the site will help you find a plan that works for you and your employees. Self-employed? You’re covered too.

Another Year of Record Breaking Performance for MBDA

Blogged By: 
David A. Hinson, National Director
Created on July 10, 2013
 

David Hinson, National Director

The numbers are in and the report is out! Last month, the Minority Business Development Agency (MBDA) released its Annual Performance Report for Fiscal Year 2012 and we are proud to report that FY 2012 was another successful year for the Minority Business Development Agency, the U.S. Department of Commerce, and most importantly for the American business owners that we serve. In FY 2012, MBDA helped create and retain 16,730 jobs, the highest level in the 44-year history of the Agency. This was achieved by helping MBDA clients obtain over $3.6 billion in contracts and capital awards.

In 2012, the agency increased services to minority business owners by adding new MBDA Business Centers in Anchorage, Alaska; Fresno, California; Santa Fe, New Mexico; Bismarck, North Dakota; Tulsa, Oklahoma; and Memphis, Tennessee. In addition, MBDA expanded coverage at select MBDA Business Centers to provide specialty expertise nationwide with the launch of the agency’s Federal Procurement Center – the first of its type – in Washington, DC; the Export Support Business Center located at the University of Texas at San Antonio; and the Atlanta MBDA Business Center that serves as the Advanced Manufacturing and Healthcare Technology Business Center at the Georgia Institute of Technology.   

As we look ahead, MBDA will maintain jobs created and retained by clients as its key measurement of performance; however, a new Agency goal will focus on creating and retaining those jobs by generating international contract opportunities. Currently exporting to over 60 nations, minority-owned firms possess skills and relationships that make them one of the most effective exporters in the United States. In FY 2012, MBDA’s export support resulted in nearly $100 million in export transactions, and we plan to generate over $1 billion in international contract opportunities over the next five years. 

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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