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

You are hereHome > Blogs

Blogs


Honoring 2014 National Native American Heritage Month

Blogged By: 
MBDA
Created on November 17, 2014
 

Every year, our Nation pauses to reflect on the profound ways the First Americans have shaped our country's character and culture. The first stewards of our environment, early voices for the values that define our Nation, and models of government to our Founding Fathers -- American Indians and Alaska Natives helped build the very fabric of America.

President Barack Obama
2014 Presidential Proclamation: National Native American Heritage Month

 

Native American $789 Million in Contracts & CapitalMBDA celebrates Native American Heritage Month and acknowledges the significant contributions of Native American-owned businesses to the U.S. economy.  A key component of the Agency’s services is dedicated to addressing the unique economic challenges and opportunities in Indian Country. In Fiscal Year 2013, MBDA helped Native American-owned businesses access $789 million in contracts and capital, which led to the creation and retention of 3,604 jobs.

The Next America: The Inclusion Economy

Blogged By: 
MBDA
Created on November 13, 2014
 

National Journal Next AmericaAccording to a recent U.S. Census Bureau report, the United States will not have a clear racial or ethnic majority by 2043. America's deepening diversity has huge implications for the country's economy, and is creating challenges and opportunities for the nation's financial system as it works to increase minority access to the financial mainstream.

San Francisco, California—a hub of technological innovation—is one of the many U.S. communities experiencing extraordinary population growth. However, experts say that the recession has hindered its residents' ability to accumulate wealth, and asserts that increased financial literacy, financial services innovation and improved access to credit and capital are fundamental to growing the region's economy.

Three New Resources for HUBZone, Government Contracting Programs

Blogged By: 
MBDA
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

Blogged By: 
MBDA
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

Blogged By: 
MBDA
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.

What MBDA Does