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Webcast Series | Getting It Right - Know Your Fiduciary Responsibilities

Blogged By: 
MBDA
Created on March 8, 2016
 

Operating an employee benefit plan can be challenging, especially for small and medium sized employers who have limited time, resources, and access to professional help with benefit programs.  To help increase awareness and understanding about basic fiduciary responsibilities when operating a retirement or health benefit plan, the Department of Labor is presenting the Getting It Right – Know Your Fiduciary responsibilities webcast series.

The webcast series will help employers and service providers understand how the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) apply to employer-sponsored retirement and health plans, and provide information on how to avoid common problems in managing a plan.

Women Entrepreneurs Building the Nation through Business and Innovation

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

MBDA National Director Alejandra Y. CastilloAs we celebrate Women’s History Month and the vast contributions that women have made to the strength and well-being of our nation, we are seeing the next chapters in this history being written as women take a bigger role in building our economy

Women today make up nearly half of our workforce. Women-owned firms in the United States generate more than $1.4 trillion in revenues and employ millions of people.

Furthermore, when women entrepreneurs flourish, families benefit. Women tend to spend more of their money on their children’s health and education, which leads to a more skilled, more productive generation of workers.

A Formula for Success: Tapping the Export Potential of Minority Businesses

Blogged By: 
Albert K. Shen, MBDA National Deputy Director
Created on March 3, 2016
 

For more than 45 years, the Minority Business Development Agency (MBDA) supported the economic growth of Minority Business Enterprises (MBE) initially only through domestic operations. It was in 2003 that MBDA published its first export report titled Globalization and Minority-Owned Businesses in the United States: Assessment and Prospects.

The report led to the creation of our Global Business Strategies, subsequent research on MBE exporters, and the 2012 release of an export fact sheet that took a closer look at the exceptional export capabilities of MBEs, which revealed that minority-owned firms are:

Entrepreneur of the Month – March 2016

Blogged By: 
MBDA
Created on March 3, 2016
 

In January 2016, we kicked off a new campaign called Entrepreneur of the Month, which allows MBDA audiences to meet creative business owners and executives who have leveraged MBDA’s programs and services in unique ways to foster growth. At MBDA, our core mission is infused with the energy and vision of minority business entrepreneurs. In highlighting those who exemplify passion, innovation, and determination, we hope to inspire business owners of today and tomorrow.

Don ShinMBDA is proud to announce Don Shin of CrossComm Inc. as the March Entrepreneur of the Month. CrossComm Inc. is a mobile and web app development studio helping large and small organizations achieve their digital aspirations. With offices in Durham, NC, and Austin, TX, CrossComm designs and develops custom iPhone, Android, and web applications for its clients.

Don harnessed his entrepreneurial spirit as an undergraduate at Duke University by leveraging a fervent interest in computers, specifically human-computer interaction and multimedia user interfaces. In simpler terms, he wanted to explore the convergence between computers, visual media, and music.

Enroll in SHOP Marketplace coverage: You may qualify for the SHOP Tax Credit

Blogged By: 
MBDA
Created on March 2, 2016
 

Small employers who enroll in SHOP coverage may be eligible for the Small Business Health Care Tax Credit worth up to 50% of their premium contribution.

Visit the SHOP Tax Credit Estimator on HealthCare.gov to find out more about the Small Business Health Care Tax Credit. The SHOP Tax Credit Estimator can help you determine if your business may be eligible and show how much the tax credit may be worth to you.

Need Assistance?: Call the SHOP Call Center at 1-800-706-7893 (TTY:711) Monday through Friday from 9am to 7pm ET or visit HealthCare.gov. For in-person assistance, find a SHOP-registered agent or broker in your area.

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