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MBDA Signs Memorandum of Understanding with Fundation LLC

Blogged By: 
Yifan Song, MBDA Intern
Created on August 9, 2016
 

 MBDA Deputy Director Albert K. Shen and Fundation CEO Sam Graziano sign MOUThe U.S. Department of Commerce Minority Business Development Agency (MBDA) signed a memorandum of understanding with one of the nation's leading small business lenders, Fundation Group LLC. Signing on behalf of MBDA was Deputy Director Albert K. Shen, and signing on behalf of Fundation was CEO Sam Graziano.

The official signing, which took place overlooking the U.S. Capitol, marks the beginning of a partnership designed to provide minority-owned business enterprises (MBEs) with access to business insights and strategies, while also increasing access to an additional source of alternative capital via Fundation’s online lending platform.

Entrepreneur of the Month - August 2016

Blogged By: 
MBDA
Created on August 9, 2016
 

Donald L. Mooney: Donald L. Mooney Enterprises dba NURSES Etc. STAFFINGDonald L. Mooney is the founder and CEO of Donald L. Mooney Enterprises, and is a quintessential selection for our August Entrepreneur of the Month. Donald L. Mooney Enterprises provides human capital resources and workforce solutions to the public and private sectors, and has built a roster of clients that includes the United States Army, Air Force, and Navy.

Don comes from humble beginnings in Texas, where he was raised by his grandparents. He worked hard to obtain an appointment to the prestigious United States Military Academy at West Point. Don entered the U.S. Army, and retired as a Lieutenant Colonel after 22 years of service. In 1997, he started his second career, serving as Dean of Boys and Commander of Cadets at the high school from which he had graduated, San Marcos (Texas) Baptist Academy. By the year 2000, Don could no longer deny his entrepreneurial spirit. A conversation he had shared with the owner of a staffing company inspired him to start his own business. He had always loved working with people, gravitated toward the staffing business model, and found he could apply his knowledge as a former Operations Officer in the Army to that line of work. Don decided it was his time, and submitted three months’ notice to his alma mater. He had a desire to ignite generational wealth, and felt it was important to create a successful business for his grandchildren.

Minority Entrepreneurs and the Innovation Ecosystem

Blogged By: 
Alejandra Y. Castillo, MBDA National Director
Created on August 8, 2016
 

U.S. Demographics Are Key To Our Economic Destiny

Cross post from Medium

U.S. Demographics Are Key To Our Economic Destiny

This year for the first time, the United States served as an official partner country of the world’s largest industrial trade fair, Hannover-Messe. Along with President Barack Obama and U.S. Department of Commerce Secretary Penny Pritzker, I accompanied a delegation of American minority entrepreneurs to Germany.

Within hours of the fair’s opening, it was evident that we had stepped into a time portal that zipped us into the future of the global industrial economy. The fair’s theme, “Integrated Industry — Discovery Solutions,” only hinted at the amazing innovation-driven universe that we ultimately encountered at the trade expo. I witnessed the connective tissue of a vast, powerful technological framework taking shape — the Internet of Things (IoT) — and sensed that we were at the threshold of a major seismic shift in global industries, an unprecedented period of technological advancement. A new world of Artificial Intelligence (AI), advanced manufacturing, Big Data, and sensors is remaking entire industries at a breakneck pace.

MBDA Participates at Reservation Economic Summit

Blogged By: 
Verlinda Harris, MBDA Management Analyst
Created on August 4, 2016
 

The Minority Business Development Agency's (MBDA) National Director Alejandra Y. Castillo traveled to the Reservation Economic Summit (RES) in Tulsa, OK, to give a keynote address on increasing Native American entrepreneurship and expanding their business pursuits beyond gaming to include innovative technology.

RES attendees were able to ask questions about federal contracting, obtaining business certifications, as well as ways for Native American business owners to work with local, state, and Federal Government agencies to increase economic development in their communities.

First Native American organization that received President’s “E” Award has been honored in Albuquerque

Blogged By: 
Stephen Collier is a Communications Specialist
Created on August 4, 2016
 

Stephen Collier is a Communications Specialist for the U.S. Commercial Service

Robert Queen, Director of US Commercial Service-Santa Fe (left), poses with members of the American Indian Alaska Native Tourism Association and nearby Native American organizationsAn acknowledgement of true achievement took place July 26 at the Indian Pueblo Cultural Center: a celebration in honor of the first Native American organization to win the President’s “E” Award for Export Services.

The American Indian Alaska Native Tourism Association was recognized in May by Secretary of Commerce Penny Pritzker along with 122 other companies and organizations across the United States that have contributed to increased exports in their respective industries nationwide.

In attendance at the event were representatives from the offices of Senator Tom Udall (D-NM) and Congresswoman Michelle Lujan Grisham (D-NM). Rep. Grisham represents the New Mexico’s 1st Congressional District, which includes the Albuquerque area. Representatives from several Pueblo nations were also on hand, as was Robert Queen, Director of the U.S. Commercial Service’s Santa Fe office.

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