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MBDA Centers Open in Bronx, Baltimore

Blogged By: 
MBDA
Created on April 17, 2014
 

Minority-owned businesses seeking to grow their firms and branch out into new markets have new resources to find help. The Minority Business Development Agency (MBDA) proudly welcomed two new MBDA Business Centers into their family of network centers that operate across the U.S. and Puerto Rico.

On March 17, while most of the Eastern region of the country braced for a snow storm, the Bronx MBDA Business Center held their grand opening ceremony. Local legislators, community leaders and business owners joined the celebration held at the South Bronx Overall Economic Development Corporation (SoBro) offices. SoBro was awarded a $1.5 million grant to operate the center for three years.

“Our center is here to promote the growth and global competitiveness of the minority business community, making them better equipped to create jobs, impact local economies and compete successfully in domestic and global marketplaces,” said Phillip Morrow, President and CEO of SoBro. “Together, I know that we will engage minority businesses to promote growth, and further the discussion with leaders from the public, private and non-profit sectors on how their current priorities and initiatives align with the goals of the center.”

Energy Partnership: MBDA and DOE

Blogged By: 
MBDA
Created on April 17, 2014
 

DOE SealIn 2013, MBDA and the Office of Economic Impact and Diversity (ED) within the U.S. Department of Energy (DOE) established a partnership aimed at increasing the participation of minority business enterprises (MBEs) in energy – one of the largest industries in the United States.  In addition to enhancing access to procurement and contracting opportunities available through the DOE for minority firms, MBDA and ED are also working to create and unveil growth opportunities for minority firms through technology transfer and commercialization. 

On March 13 and 14, 2014, MBDA Acting National Director Alejandra Castillo joined Director Dot Harris of the U.S. Department of Energy, Office of Economic Impact and Diversity (ED), on a Domestic Trade Mission to one of DOE’S 17 national research laboratories - the Argonne National Laboratory in Chicago, Illinois.   Joined also by a delegation including minority-owned firms and the local Chicago MBDA Business Center, this Trade Mission represented a collaborative effort to advance the mission of the Minorities in Energy Initiative launched by DOE in September of 2013.

The delegation participated in meetings with instrumental partners and stakeholders including Clean Energy Trust, Energy Foundry, World Business Chicago, the Illinois Science and Energy Innovation Foundation, and the Office of Congressman Bobby Rush of the First District of Illinois.  The meetings proved informative, helping to open doors for minority firms to access innovation, technology, and capital resources through this partnership. 

The partnership shared with DOE will also help to level the playing field for minority firms and develop a gateway to new opportunities through technology transfer.  Upon gaining critical market intelligence of the technology developed at laboratories such as Argonne National Laboratory, MBEs will be able to better compete in their contracting programs.  Also, the sharing of expertise and resources between the MBDA Business Center network and the DOE national laboratories can be of immense benefit to the growth and development of MBEs in the energy and technology industries.

Join the Conversation on Investment

Blogged By: 
Vinai Thummalapally, Executive Director, SelectUSA
Created on April 10, 2014
 

Vinai Thummalapally, Executive Director, SelectUSAThis month, SelectUSA is really upping our game when it comes to online engagement around investment. We hope you’ll join the conversation on Twitter at #SelectUSA!

Our colleagues across the Commerce Department will be sharing their thoughts on how innovation, data and hard work contribute to job creation. We’re collaborating with our friends at the State Department’s Economic & Business Affairs Bureau, as well as with our Commerce and State colleagues throughout the United States and globally at our embassies and consulates.

But we’re not stopping with Commerce and State. We’re reaching out across the U.S. federal government through the Interagency Investment Working Group (IIWG), to more than twenty other agencies. (You can find all of our Commerce and IIWG twitter profiles here.)

MBDA Hosts Women’s Business Roundtable

Blogged By: 
Alberto Betancourt, MBDA Public Affairs Specialist/Media Relations
Created on April 8, 2014
 

Group Photo from Roundtable DiscussionWomen leaders from the African American, Asian, Hispanic and Native American business communities showcased their expertise and entrepreneurial achievements during the “Power and Promise of the Minority Women in Business” roundtable discussion in Washington, DC, hosted by the Minority Business Development Agency (MBDA) on March 31.

In celebration of Women’s History Month, the event attracted a diverse group of more than 25 women business leaders that included federal officials, researchers, entrepreneurs and high-level executives, who represented organizations on the forefront of helping women, transform economies and communities. Maria Cardona, Principal at the Dewey Square Group and CNN and CNN en Español Political Contributor, served as the moderator and helped guide the discussion on “what’s next for women business owners.”

“Today, women-owned businesses are the backbone to the U.S. economy,” said Alejandra Castillo, MBDA, Acting National Director. “MBDA strives to support the new generation of women entrepreneurs to ensure they understand that women have the potential to change how America does business.”

Six Ways to Make Your Next Trade Show Count

Blogged By: 
MBDA
Created on April 4, 2014
 

This post originally appeared on International Trade Administration Tradeology blog.

Ken Mouradian is the Director of the International Trade Administration’s Export Assistance Center in Orlando.

IBP Trade ShowOur team can help you maximize export opportunities at trade shows.

You’re walking the floor at a major trade show and, glancing to your right, you see two people seated deep in their booth checking e-mails on their phones. This closed off demeanor wastes two precious resources their company invested on this show, time and money. To get the best possible return on investment from your next trade show, here are six simple suggestions that don’t cost much money and will attract traffic to just about any booth.

  1. Stand. Believe it or not, you seem more open to engagement if you’re standing, smiling, and looking at people as they pass.  By contrast, people are reluctant to distract you when you appear busy by sitting.

  2. Stage a conversation. If there are two of you in your booth, make it appear that one of you is learning about your company from the other.  Believe it or not, people will look at something if someone else is looking; and for no better reason than that.  This works less effectively if you’re wearing clothing that brands you as working for the same company or if you’re exhibiting alone.

Did you know...

The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
Graph for MBDA Client Portfolio made up by SGI Clients

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