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New MBDA Business Centers Take Center Stage

Blogged By: 
MBDA
Created on December 10, 2013
 

St. Louis Mayor Welcomes the Opening of the St. Louis MBDA Business Center

Mayor Francis Slay announced the opening of the St. Louis MBDA Business Center and said the center will increase financing and contract opportunities for minority business enterprises and help foster ties with major corporations.

» Read More: $900,000 Grant Going To Minority Business Enterprises In St. Louis Region

Maryland Congressional Delegation Announce Baltimore Awarded Money to Open MBDA Business Center

U.S. Senators Ben Cardin and Barbara A. Mikulski along with Representatives Elijah Cummings, C.A. Dutch Ruppersberger and John Sarbanes (all D-Md.) announced that Baltimore was awarded $900,000 to operate a MBDA Business Center.

» Read More: Baltimore awarded $900K grant to establish Minority Business Development Agency Business Center

MBDA Recognizes 2013 National MED Week Award Winners

Blogged By: 
MBDA
Created on December 6, 2013
 

2013 MED Week AwardeesIn observance of Minority Enterprise Development (MED) Week, as proclaimed by President Barrack Obama, the Minority Business Development Agency (MBDA) recognized the 2013 National MED Week Award winners at the U.S. Department of Commerce on Dec. 2.  The 12 winners represented organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community.  U.S. Secretary of Commerce Penny Pritzker presented the awards during the private ceremony. 

“I am pleased to recognize and personally congratulate the 2013 National Minority Enterprise Development Week Award winners,” said Secretary Pritzker. “Helping American businesses grow and create jobs is the key focus of the Commerce Department’s ‘Open for Business Agenda,’ and today’s award recipients are playing a critical role in those efforts by helping minority-owned businesses innovate, expand and thrive.”

Winners were selected for the following awards: Ronald H. Brown Leadership Award; Champions of Minority Business Development; and Minority-Owned Firms. The awards are designed to celebrate and recognize outstanding achievements of minority entrepreneurs based on the challenges the business has overcome, total revenues, total jobs created and the economic impact the business has had on the community. MBDA also recognizes individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

Hospitality Industry in the Boom

Blogged By: 
Gabriela Morales, MBA - Business Development Specialist

Hospitality IndustryThroughout the years, the hospitality industry has grown through a series of transformations.  While many industries struggled with unemployment in 2011, new growth in the hospitality industry sparked a boom in the number of jobs created and economic opportunities. According to the Bureau of Labor Statistics the leisure / hospitality sector was second only to health care in the number of jobs created in 2011.[1]

One key reason for this growth has been the rise of the gaming industry across the United States. Today, many states have either legalized or begun the debate to legalize casinos in their state. What was once an industry isolated in Las Vegas, NV has now expanded in some form to 38 states. As a clear sign of this growth, in 2012, the Chicagoland area is now the third largest market by revenue according to the American Gaming Association.[2]

This rise also creates a number of economic opportunities for firms in the technology, manufacturing, and services industries. According to the American Gaming Association, “direct economic output by the gaming equipment manufacturing and technology sector rose to $13.0 billion in 2012 — an all-time high and 5.7 percent increase compared to 2011 figures. Approximately 31,200 workers were directly employed in the sector during 2012, earning $2.3 billion in salaries and wages.”[3]

Food and beverage firms as well as hotel management firms are also in line for expanding opportunities as these segments account for approximately one third of gaming revenue.

5 Ways to Market Your Business for the Holiday Season

Blogged By: 
MBDA
Created on November 26, 2013
 

Shopping BagsThe holiday season is quickly approaching, and the time is now to make sure you get the most of your marketing efforts to help secure sales success in the coming months. Here are a few budget-friendly ideas to help get you started.

Social Media Contests

If your small business has a social media presence, contests on Facebook and Twitter are often a popular way highlight your brand and engage with customers, reminding them that your product or service is available – and a potentially great gift idea. With a few rules, a clever hashtag and incentive such as a prize or discount on your offerings, you can drum up excitement about – and draw people in to – your business.

Extra Appeal for Your Loyal Customers

Take this time to make your loyal customers feel extra special – it may come back to you by way of additional business and referrals. Without breaking the bank, you can provide special offers, sneak previews, free shipping or secret sales.

Acting Deputy Secretary Gallagher Advocates Increased U.S. Exports through Doing Business in Africa Campaign

Blogged By: 
MBDA
Created on November 26, 2013
 

Doing Business in AfricaActing Deputy U.S. Commerce Secretary Patrick Gallagher delivered remarks at “From DC to Africa: Growing Local, Going Global,” a business forum hosted by the D.C. Office on African Affairs to raise awareness of opportunities for U.S. companies to do business in Africa. D.C. Mayor Vincent Gray also gave remarks at the forum and introduced Dr. Gallagher.

The event also marks the first anniversary of the launch of the Commerce Department’s Doing Business in Africa Campaign (DBIA) by then-Acting Commerce Secretary Rebecca Blank in Johannesburg, South Africa.

Last year, President Obama issued the U.S. Strategy Toward Sub-Saharan Africa and said the region is poised to be the world’s next greatest economic success story. In fact, sub-Saharan Africa is home to six of the ten fastest-growing economies in the world. U.S. exports to Africa currently top $21 billion a year, and enormous opportunities exist for more U.S. companies to export goods and services there. DBIA works to take advantage of those export and investment opportunities by encouraging more robust commercial engagement in sub-Saharan Africa.

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

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