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Joann Hill, Chief of MBDA's Office of Business Development and Alika Kumar, Project Director of the Phoenix MBDA Business Center jointly participated in the Department of Commerce's first ever DOC Talks. Together, they gave a talk entitled "Minority Business Enterprise Parity for National Economic Prosperity."
Created on May 16, 2016
Free Trade Agreements (FTA) are an important tool to our nation’s economic growth and prosperity. As you know, an FTA is an agreement between two or more countries regarding certain obligations and protections in areas such as trade in goods and services, intellectual property, and investment. FTA objectives include the reduction of barriers to U.S. exports, protection of U.S. interests, and enhancement of the rule of law in partner countries. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment facilitate and reduce the costs of U.S. company exports to partner markets.
The U.S. currently has FTAs in force with 20 markets worldwide. In 2015, U.S. merchandise exports to FTA partners totaled $711 billion. This comprised almost half (47%) of total U.S. goods exports in 2015.
Created on May 13, 2016
This month, the Minority Business Development Agency (MBDA) is proud to introduce Archie Williamson, founder and managing director of Diversified Systems, Inc. (DSI), as the May Entrepreneur of the Month. Archie truly exemplifies the entrepreneurial spirit, having launched his management consulting firm more than 25 years ago with just $3,000 and a credit card. Today, DSI provides services in 10 states and the District of Columbia, with headquarters in Columbus, Ohio.
Archie’s journey as an entrepreneur began at the age of 10 where he delivered newspapers and cut neighbors’ lawns. At a young age, Archie felt compelled to serve others. As he progressed and acquired new skills in the field of consulting, Archie realized he wanted to create something of his own, as well as create opportunities for talented and hardworking people — two things he could not attain working in a corporate environment. When Archie approached his former company about the possibility of venturing into the public sector, they wanted nothing to do with that market.
Just last year, DSI acquired that company’s contracts and its employees.
MBDA Showcases the Importance of Inclusive Innovation at the 2016 Federal Laboratory Consortium (FLC) Conference
Created on May 11, 2016
MBDA recently attended the 2016 Federal Laboratory Consortium (FLC) National Meeting in Chicago, Illinois for the second year in a row. Touted as one of the most premier annual events in the technology transfer community, this year’s theme “From Discovery to Commercialization,” focused on collaboration between federal labs, private industry stakeholders and the American business community to move federal research and development out of the lab and into the U.S. marketplace.
In 2015, MBDA formed a new partnership with the National Institute of Standards and Technology (NIST) and the Federal Laboratory Consortium (FLC) to spur innovation within the minority business community by leveraging the vast amount of research and development (R&D) expertise throughout the national network of more than 300 federal laboratories.
Created on May 10, 2016
U.S companies have a brand new resource available to them with the recently released Trans-Pacific Partnership Opportunities by Market report from the International Trade Administration (ITA). Educating U.S businesses and workers on the benefits of TPP is an important role for ITA. The ITA Trans-Pacific Partnership (TPP) series of factsheets highlight opportunities for businesses by state, sector and now for each of the TPP markets. With this added report businesses can reference each of the 11 TPP partner markets’ top export sectors, how TPP will make it easier to do business in each of the TPP partner markets, or explore how existing tariffs will be eliminated once TPP is enacted.
TPP will offer a more balanced trade environment for U.S. businesses of all sizes. This agreement encompasses a diverse range of 11 countries, opening the door for new trade opportunities and improving on existing trade relationships. Goods exports to TPP countries supported 3.1 million U.S. jobs in 2014. In that same year the TPP countries for which the United States does not have an existing trade agreement (Brunei, Japan, Malaysia, New Zealand, Vietnam) collectively accounted for $726.5 billion in exports.