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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. 

Four Types of Export Financing

Blogged By: 
MBDA
Created on July 10, 2013
 

Loan ApplicationMany small businesses think they are too small to compete in the world market. In fact, 97 percent of all exporters are small businesses. The U.S. Government has loans, insurance and grant programs to help you become an exporter or expand your exporting business. Here are four different types of financing programs:

Export Development and Working Capital Financing

Enables U.S. businesses to obtain loans that facilitate the export of goods or services by providing the liquidity needed to accept new business, grow international sales and compete more effectively in the international marketplace.

Exporting is Good for Business!

Blogged By: 
MBDA
Created on July 10, 2013
 

Global GrowthWhy Consider Exporting?

  • Access. Today, improvements in trade finance, the Internet, and trade agreements have dramatically increased access to markets worldwide.

  • Demand. More than 70 percent of the world’s purchasing power is located outside of the United States. Your competitors are increasing their global market share, and you can too.

  • Profitability. Exporting can be profitable for businesses of all sizes. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms.

  • Competitive Advantage. The United States is known throughout the world for high quality, innovative goods and services, customer service, and sound business practices.

  • Risk Mitigation. Most companies that export have an easier time riding out fluctuations in the U.S. economy and are more likely to stay in business.

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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