As we celebrate Native American Heritage Month the Minority Business Development Agency would like to pay tribute to the rich ancestry and traditions of Native Americans. While we take great pride in honoring their many accomplishments and contributions to American society, I want to highlight their contributions to the U.S. economy and the minority business community. Here are some quick facts about the Native American business community:
There are 236,000 Native American-owned firms in the U.S.
10 percent have paid employees (average 8 per firm), and over $1.2 million in annual receipts.
This sector generates $34.4 billion in annual economic output.
Native American-owned firms employ 185,000 workers.
MBDA continues to invest in Indian Country to support job creation and economic development through the operation of MBDA Business Centers in states with large American Indian populations. MBDA now has six centers addressing the unique economic challenges and opportunities in Indian Country. The centers are located in Alaska, California, Connecticut, North Dakota, New Mexico, and Oklahoma.
The Phoenix MBDA Business Center will partner with the Thunderbird School of Global Management on November 21 to host its first Global Business Conference. The idea began as the result of a casual conversation between Alika Kumar, Project Director of the Phoenix MBDA Business Center and a former professor. They both saw the need to ensure that the Arizona minority-owned business community is informed about the business opportunities that exist outside of the U.S.
As ideas evolve, so have the topics that will be covered during the conference. Among the scheduled sessions are: The Future and Why You Cannot Ignore It (International Trade Administration); Building International Partnerships; and The Nuts & Bolts of Doing Business Abroad. Ms. Kumar’s goal is to reach out to Arizona minority-owned businesses and anyone else interested in increasing their exports. The conference is highly anticipated with experts from the Thunderbird School of Global Management, U.S. Export Assistance Centers (International Trade Administration), the Minority Business Development Agency, EXIM Bank of the U.S., Bank of America, and the Arizona International Growth Group.
Created on November 4, 2013
David A. Hinson, MBDA National Director, was selected as one of Diversity Plus magazine’s 2013 Top 30 Champions of Diversity. Hinson was selected for his demonstrated leadership, and for going above and beyond to mentor and assist with the growth of minority-owned firms. Diversity Plus acknowledged the fact that since the start of the Obama Administration, MBDA has helped minority-owned businesses access $14.6 billion in contracts and capital (through fiscal year 2012). This represents a 108 percent increase over the prior administration. The Agency’s clients have also created and saved nearly 40,000 jobs, making the four years under Hinson’s leadership the best performing years in MBDA’s 44-year history.
Visit Top 30 Champions of Diversity to see the other champions.
Created on October 31, 2013
The SelectUSA 2013 Investment Summit is at capacity, but that doesn’t mean investors around the world who couldn’t register can’t be a part of the event.
If you haven’t heard, we’ll be pairing investors from around the world with federal and state leaders to find the best investment opportunities in the country. Economic development organizations (EDOs) representatives from 47 states, three U.S. territories, and Washington, D.C., will be there. Companies representing 60 worldwide markets will be in attendance.
Created on October 30, 2013
Dates: November 3-14, 2013
Location: Washington, D.C.; San Diego, Sacramento and San Francisco, CA
The U.S. Trade and Development Agency (USTDA) is supporting a regional Reverse Trade Mission (RTM) intended to introduce 13 officials and project developers in the waste-to-energy and related biomass power subsector in Indonesia, the Philippines and Thailand to relevant U.S. industry suppliers, service providers and regulators. This regional activity will support USTDA's effort as part of the U.S.-ASEAN Connectivity Cooperation Initiative as well as the U.S.-Asia-Pacific Comprehensive Energy Partnership.
There will be a Business Briefing for U.S. companies to meet with the delegates in order to learn more about specific project opportunities and upcoming procurements on Tuesday, Nov. 12th in San Francisco, CA.