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Minority Entrepreneurs — Continuous Success with Angel Investors!

Blogged By: 
Patricia Tomczyszyn, Minority Business Development Agency
Created on January 23, 2013
 

Angel InvestorsMinority-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.

Minorities represent on average less than 7% of all entrepreneurs seeking funding from angel investors. However, they succeed in acquiring angel funding as often as their non-minority counterparts. From January 2009 to June 2012, 17% of all entrepreneurs seeking angel investor funding succeeded. The yield rate for minority entrepreneurs during that same period was 16.1%, a negligible difference. The yield rate is the percentage of investment opportunities that are brought to the attention of investors that result in an investment.

30th Anniversary National MED Week in Review

Blogged By: 
MBDA
Created on December 21, 2012
 

MBDA’s National Minority Enterprise Development (MED) Week has by tradition set the standard as the premier event for minority entrepreneurs, business owners, and advocates. On December 5-6, the 30th anniversary milestone event officially joined the ranks as one of the most successful MED Week’s in the history of the conference.

This year’s event was attended by nearly 1,300 individuals representing a broad range of industries from across the globe. In the State of Commerce Address, Acting U.S. Commerce Secretary Rebecca Blank opened the conference with inspirational remarks on the growth of the economy and highlighted the crucial role that minority-owned businesses play in exporting and job creation. Acting Secretary Blank’s address embodied the theme of this year’s conference, Job Creation in America: Build it Here – Sell it Everywhere!, and set the tone for the conference agenda, which included an International Business-to-Business Linkage networking reception attended by the Brazilian Ambassador to the United States, a partnership announcement between MBDA and the Export-Import Bank that launched the “Global Outreach Alliance,” and numerous seminars and workshops focused on the global supply chain and emerging markets.

Happy Holidays from MBDA

Blogged By: 
David A. Hinson, National Director
Created on December 21, 2012
 

David Hinson, National Director

As we approach the winter holidays, we pause to thank you for your continued partnership. It is business associates like you that bring a rich mosaic of experiences, attitudes and views that continue to advance MBDA’s mission to create jobs and foster the growth and global competitiveness of minority-owned firms.

It’s been an extremely productive year at MBDA and we are excited to share some of our many achievements from this past year.  We’ve completed a major organizational restructuring that enabled us to increase funding to MBDA Business Centers.  We also launched several “specialty” MBDA Business Centers including: the Atlanta MBDA Business Center, which is now staffed to provide expert guidance for minority-owned businesses in the healthcare technology and advanced manufacturing industry sectors; the San Antonio MBDA Business Center that has expanded their services to include expertise in exporting to Latin America; and the MBDA Federal Procurement Center, the first MBDA Business Center to solely focus on federal contracting.;

USAID and Western Union Launch African Diaspora Marketplace III Business Plan Competition – Roadshow Coming to Eight Cities

Blogged By: 
MBDA
Created on December 12, 2014
 

The United States Agency for International Development (USAID) and Western Union have launched the third round of the African Diaspora Marketplace (ADM III), an initiative that promotes sustainable economic growth and job creation in Africa by supporting African diaspora entrepreneurs. The ADM III will kick off its eight-city tour starting on December 13, 2014 in Boston, followed by New York, Philadelphia, Chicago, Los Angeles, Houston and Atlanta before returning to Washington, D.C. on January 15, 2015. Specific dates

Launched in 2009 by USAID and Western Union, the African Diaspora Marketplace aims to encourage sustainable economic growth and employment by supporting African diaspora entrepreneurs. ADM entrepreneurs are individuals with demonstrable connections to or experience in Africa, and who have innovative and high impact start-ups or established businesses on the continent. Information about ADM and past winners, and the schedule for the small business workshops in the eight cities can be found at www.diasporamarketplace.org.

“We Will Be Known Forever by the Tracks We Leave” – Santee Sioux Tribe

Blogged By: 
MBDA
Created on November 29, 2012
 

The Minority Business Development Agency pays tribute to the rich ancestry and traditions of Native Americans as we approach the final days of Native American Heritage Month.  According to the U.S. Department of the Interior, Bureau of Indian Affairs, “What started at the turn of the century as an effort to gain a day of recognition for the significant contributions the first Americans made to the establishment and growth of the U.S., has resulted in a whole month being designated for that purpose.”

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