Sign up to receive news and updates
HOME   |   CONTACT    Facebook Twitter LinkedIn Google+ Instagram logo Subscribe to MBDA Newsletter

You are hereHome > Blogs

Blogs


SelectUSA Investment Summit Spotlight: The U.S. Government Pavilion

Blogged By: 
Felicia Pullam is the Director of Outreach for SelectUSA.
Created on June 8, 2016
 

The 2016 A.T Kearney Foreign Direct Investment (FDI) Confidence Index surveyed global executives about their plans for foreign investment, and they ranked the United States at the top for the fourth year in a row. A.T. Kearney also asked executives to identify the two most important factors for deciding where to establish or expand their businesses. “Regulatory transparency and lack of corruption” tied for first place with the size of the domestic market and the cost of labor; each factor was chosen by 15 percent of respondents. The “efficiency of legal and regulatory processes” was just a few points behind at 13 percent.

TPP: Doing Business in Canada

Blogged By: 
Christopher Quinlivan is a Senior Commercial Officer at the International T
Created on June 8, 2016
 

USA CanadaThe United States and Canada share the world’s largest trading relationship.  The magnitude of the relationship is incredible, accounting for nearly $2 billion in cross border trade each day.  In fact, Canada is the top export market for 35 out of 50 states.  So whether your company is a first-time or seasoned exporter, Canada should be a key component of your overseas growth strategy.

Such deep commercial ties make Canada an ideal “launch pad” for new exporters.  Why?  First, Canada is a highly receptive, open and transparent market for U.S. products and services, with Canadians spending more than 60 percent of their disposable income on U.S. goods and services.  Americans and Canadians “speak” the same language literally and figuratively.  In addition to French in some areas, English is almost universally spoken, making business communication a breeze.  We share a similar lifestyle, engendering a certain level of cultural familiarity.  Finally, close geographic proximity, and initiatives between our governments such as Beyond the Border, Regulatory Cooperation Council and Trusted Traveler make cross-border business increasingly seamless.

MBDA Homecoming

Blogged By: 
Dijon Rolle, MBDA Press Secretary
Created on June 6, 2016
 

MBDA Post Award ConferenceIt was a family reunion of sorts for nearly 50 Minority Business Development Agency (MBDA) Business Center Operators and Project Directors who traveled from across the United States to attend the 2016 MBDA Post Awards Conference at the U.S. Department of Commerce in Washington, D.C.

The conference is normally held every five years at the start of a new award cycle for the Agency’s funding competition, with the last conference being held in 2011.

The attendees were all recipients of $31.5 million in federal funding awarded to 21 MBDA Business Centers across the United States and Puerto Rico back in April as part of the MBDA Business Center Program.

The Inaugural AAPI Business Summit: Inclusive Innovation Drives Economic Growth

Blogged By: 
Albert K. Shen, MBDA National Deputy Director
Created on May 26, 2016
 

AAPI Welcome SignsHighlighting the critical nature of their role in America’s global economic position, the U.S. Commerce Department launched the first-ever Asian-American Pacific Islanders (AAPI) Business Summit May 25.

Co-hosted by the Minority Business Development Agency (MBDA) at the Commerce Department, and White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI), the day-long event drew more than 200 members of the AAPI business community, including entrepreneurs, policy makers, and business leaders. Speakers included Congressional representatives and Obama Administration officials who addressed a range of topics and policies focused on strengthening economic ties and creating growth opportunities.

The Summit provided a broad overview of Obama Administration economic development priorities affecting AAPI business owners – one of the fastest-growing populations in the United States. The program centered on solutions for business owners seeking to scale up enterprises, including expanding to overseas markets, accessing capital, and entering high-growth industries such as technology and other STEM-based sectors.

AAPI-Owned Enterprises: An Expanding Part of U.S. & Global Commerce

Nearly 2 million businesses are owned by Asian-Americans and Pacific Islanders nationwide, employing 3.6 million workers, and generating nearly $700 billion in revenue annually, according to the 2012 U.S. Census Bureau’s Survey of Business Owners.  In addition, Census Bureau research indicates that as the U.S. population becomes ‘majority minority’ by 2044, AAPI will represent a significant portion of America’s overall population.

Fostering Diversity and Inclusion in an Innovation Economy

Blogged By: 
Jennifer Rimbach, MBDA Business Development Specialist
Created on May 26, 2016
 

There has recently been an overwhelming spike in attention to the lack of diversity in the innovation economy in the United States. Unfortunately, it is common to see this string of words illuminated under a negative light. For the past several years, industries that are the economic drivers for growth in the United States have made up the innovation economy.

In fact, in 2016 the term “economy” could also be interchangeable with “innovation economy,” as the most profitable industries fall in this sector. These industries that include technology (i.e. health, digital, information, etc.), materials science, and computing lack both gender and racial diversity. With the changing demographic in the United States and the Census Bureau projecting that we will become a majority-minority nation in 2044, there is an urgent and critical need to embrace diversity and inclusion in the innovation economy. If not, the United States will continue to face negative economic and social consequences due to increased inequality and widening of the wealth gap.

What MBDA Does

Facebook Twitter LinkedIn Google+ Instagram  Subscribe to MBDA Newsletter