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Prioritization Upgrade: Expanding Diversity in Our Technology Ecosystem Now

Blogged By: 
Megan Smith and Valerie Jarrett
Created on June 9, 2015

Tech TalentThis post originally appeared on the White House Blog

We are excited to be out in California today to roll up our sleeves and participate in the “Diversity in Tech” workshop, hosted by the White House and the Kapor Center for Social Impact. We are here to brainstorm and strategize with innovators from throughout the technology ecosystem to learn about what's worked for employers to recruit, retain, and advance top talent from under-represented communities, and for venture capitalists to fund and advise the full range of early start-up teams. We will hear about what’s working already that could be scaled now, as well as understand where challenges need pilot exploration work and urgent innovation.

According to the Kapor Center, of all workers in the U.S. tech sector, only 7% are Latino, 6% are African-American, and only 15% come from the AAPI community. And women occupy only 28% of STEM jobs in the American workplace. According to surveys, 87% of U.S. venture capital-backed business founders are white, 12% are Asian, and less than 1% are African American. Less than 3% of companies that receive venture capital funding have a woman CEO. As a nation, we are leaving top talent on the sidelines, and that is a mistake for American businesses in a globally competitive economy.  

“If you always do what you always did, you will always get what you always got.”

— Albert Einstein

USTDA to Highlight Trade & Development Opportunities in Sub-Saharan Africa In June

Blogged By: 
U.S. Trade and Development Agency News
Created on June 4, 2015

Afrca OpportunitySub-Saharan Africa is one of the fastest developing regions in the world with an average GDP growth of 5.2 percent.  According to data from the U.S. Census Bureau, almost 31,000 U.S. businesses exported to the African continent in 2013, of which approximately 92 percent were small- and medium-sized businesses (SMEs).

Based on growth trends and a history of successful partnerships across the continent, the Sub-Saharan Africa region remains a priority for USTDA and will be highlighted during the month of June on Facebook and Twitter. USTDA will utilize social media to promote its programs, activities and potential U.S. export opportunities across the region.

Trade Winds – Africa Offers Opportunities, Tips, and Intel to U.S. Firms

Blogged By: 
Chris Higginbotham, U.S. Export Assistance Center
Created on June 4, 2015

This post originally appeared on the Tradeology, the ITA Blog

U.S. Commercial Service Trade Winds - Africa

Africa is a huge potential market for almost any U.S. exporter, but there are several factors for any business to consider before exporting to the continent:

BEA’s New Data Tool Provides Fast Access to Trade and Investment Stats for Countries

Blogged By: 
Created on June 2, 2015

BEA New Data ToolA new data tool--International Trade and Investment Country Facts Application--on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

These fast facts at your fingertips can include:

  • Total exports, imports and trade balance between the United States and the country you select.
  • The top five categories of goods and services the United States buys from and sells to that country.
  • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.

MBDA Partners with NerdWallet to Help Businesses Compare their Financing Options

Blogged By: 
Hanah Cho is a staff writer covering small business for NerdWallet
Created on June 1, 2015

On May 6th, NerdWallet hosted a Google Hangout with U.S. Department of Commerce representatives from the Minority Business Development Agency (MBDA).  On behalf of the agency, Carmen West and Nick Perkins, of MBDA’s Access to Capital team, spoke with Cindy Yang, a small business expert at NerdWallet about how MBDA helps minority-owned businesses to grow in size and capacity.

San Francisco-based NerdWallet hosted the conversation as part of a mission to provide clarity on all of life’s financial decisions. To that end, NerdWallet provides various educational materials and tools for small businesses to use when tackling financial, legal and tax challenges.

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