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Free Trade Agreements + Exports = Jobs

Blogged By: 
Patricia Tomczyszyn, MBDA Public Affairs Specialist
Created on June 24, 2015
 

Exports: Key to Minority Business GrowthFree trade agreements make it easier and cheaper for U.S. companies to export their products and services to trading partner markets. By reducing trade barriers and creating a more stable and transparent trading and investment environment, it is easier and cheaper for U.S. companies to export their products and services to trading partner markets. Currently, the U.S. has free trade agreements with 20 countries. Last year 44 percent of U.S. goods exports went to FTA partner countries and supported 3.2 million jobs.1

Why is this important? The U.S. has only five percent of the world’s consumers. With the remaining 95 percent living outside of the U.S., exports are vital to our economic stability and employment. The U.S. is currently negotiating a free trade agreement, the Trans-Pacific Partnership, with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Jobs supported by exports to these countries increased by over 500,000 since 2009.

Minority business owners possess unique advantages in the global marketplace: superior cultural knowledge and language skills; existing family relationships that allow access to critical market intelligence; intimate knowledge of local commercial/business culture, and general comfort with operating in a global environment. As the U.S. seeks to remain globally competitive, engaging minority-owned businesses is no longer a moral or civic imperative—it is an economic necessity.2

What is Crowdfunding for Small Business?

Blogged By: 
Erin El Issa, NerdWallet
Created on June 23, 2015
 

CrowdfundingThis is a guest blog post by Erin El Issa, a Content Writer for NerdWallet.  NerdWallet is focused on helping people lead better lives through financial education and empowerment. NerdWallet has featured MBDA on a recent Google Hangout and is engaged in sharing resources with the MBDA network.  A series of shared blogs will feature content provided by NerdWallet staff as part of MBDA’s continued support for Small Business Week 2015.

In recent years, crowdfunding has become a popular way to fund small business endeavors for those who aren’t independently wealthy. But how does it work? Here’s what you need to know about crowdfunding and how to get started if you want to start or fund a project.

America's Largest Seed Fund is Coming to a City Near You

Blogged By: 
MBDA
Created on June 22, 2015
 

SBIR Road TourThe SBIR Road Tour is coming to a city near you! This is a national outreach effort to convey the non-dilutive technology funding opportunity provided through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Over the course of this year individual program managers from the 11 participating agencies representing $2.5 billion in early stage funding will embark on a 20 state road tour, participating in a series of events alongside technology entrepreneurs and innovation supporters from across the United States.

If you’re an innovator, entrepreneur, researcher, or small technology firm,; don’t miss this opportunity. Every SBIR Road Tour stop provides an in-depth understanding of agency technology funding priorities, and one-on-one meetings with high level decision makers.

Call to Nominations: Inner City Capital Connections

Blogged By: 
MBDA
Created on June 19, 2015
 

As part of the Initiative for a Competitive Inner City, ICCC helps small businesses in economically distressed areas access capital, achieve sustainable growth, and provides a forum where companies can connect with capital providers. Executive Education, led by top-tier professors from leading entrepreneurship institutions, covers a range of practical skills—from strategy and entrepreneurial finance to marketing and investor pitch presentations. Through intensive coaching sessions, small business owners connect with capital providers from an exclusive portfolio made available through our partners. The culminating program event is the national conference, where program participants put learning into practice and can market and pitch their businesses.

» Apply

» Nominate a Business

» Frequently Asked Questions

Export Success Series: Increasing Opportunities For U.S. Trade In Nicaragua and Guatemala

Blogged By: 
Department of Commerce Blog
Created on June 17, 2015
 

Business CounselingThis post originally appeared on the Department of Commerce blog.

Two Central American countries, Nicaragua and Guatemala, continue to open doors for American companies who are seeking out new markets. The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration, helps U.S. companies get started in exporting and increase their sales to new markets around the world. Recently, the U.S. Commercial Service office worked with two companies, Second Frontiers and Battery Concepts, helping them expand sales and services into these important Central American countries.

Second Frontiers, a global technology consulting firm specializing in the electronic equipment industry, announced their intentions to expand services to new markets and trade partners. In August of 2014, with the assistance of the Denver, Colorado U.S. Commercial Service office, Second Frontiers used the unique business match-making services that are part of the Gold Key Service program to travel to five Central American countries, including Nicaragua and Guatemala, to meet with prospective trade partners in their industry sector. The Gold Key program provides American firms of all sizes with customized, prescreened meetings with potential overseas clients. As a result of these meetings and expanded trade opportunities, Second Frontiers is now exploring the possibility of building additional office space, warehousing, and distribution centers in the U.S. The progress of their partnerships in foreign markets has been a major catalyst for Second Frontiers domestic growth and increased sales.

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