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MBDA Pursues Tech-Transfer Opportunities for Minority-Owned Firms at the Federal Laboratory Consortium’s Annual Meeting

Blogged By: 
Candace Shiver and Demetria Gallagher, MBDA
Created on May 6, 2015


MBDA Candace Shiver and Demetria Gallagher with Federal Labs Chair Zielinski

Candace Shiver, MBDA; Paul Zielinski, Director of the Technology Partnerships Office at NIST and Chair of Federal Laboratory Consortium; and Demetria Gallagher, MBDA (from left to right)

Last week, Candace Shiver and Demetria Gallagher of the Minority Business Development Agency’s (MBDA) Office of the National Director, participated in the 2015 Annual Meeting of the Federal Laboratory Consortium (FLC) in Denver, Colorado.  This meeting brought together hundreds of technology transfer professionals from both the public and private sector, providing in depth training and networking opportunities to initiate the establishment of interagency and industry partnerships
to advance federal technologies from federal lab to the marketplace.

MBDA recognizes that the advancement of federal technology transfer programs requires a new comprehensive approach to engage minority business enterprises (MBEs) and students of color in the commercialization of technology and innovation.  There are more than 65,000 minority employers in the technology industry with the potential to bring scientific discoveries to the marketplace by utilizing federal inventions and technologies. In order for the U.S. to remain globally competitive, it must leverage this diversity.

May is World Trade Month: Export Success for MBDA Clients

Blogged By: 
Patricia Tomczyszyn, MBDA Public Affairs Specialist
Created on May 5, 2015

Happy World Trade Month!

For years, May has been the time to not only recognize the benefits of international trade, but also for organizations around the country to support more American companies competing overseas. Recently, Commerce Secretary Penny Pritzker released a new report, Jobs Supported by State Exports, which reveals that in 2014, exports of goods and services directly and indirectly supported 11.7 million U.S. jobs.

Here are some quick facts about U.S. exports of goods from the report:

From Small Success to Great Achievement: A NerdWallet conversation with the MBDA’S Access to Capital Team

Blogged By: 
Created on April 29, 2015

National Small Business WeekIn honor of National Small Business Week 2015, the U.S. Department of Commerce’s Minority Business Development Agency is teaming up with NerdWallet to host a Google Hangout on how minority-owned businesses can start and grow their companies.

The online discussion will feature Carmen West and Nick Perkins, of MBDA’s Access to Capital team, and Cindy Yang, NerdWallet’s small business expert. During the discussion, the panelists will address how the MBDA helps minority-owned businesses expand, and Yang will discuss NerdWallet’s resources for small businesses just starting out.

“MBDA’s Access to Capital team seeks to align with organizations that speak to America’s business owners and minority communities,” says Efrain Gonzalez, Associate Director, Office of Business Development. “MBDA is pleased to participate in this Google Hangout to share and discuss how our 44 business centers across the country provide capital resources that complement the services of NerdWallet and other organizations that provide resources to small businesses.”

The Google Hangout will be broadcast live on NerdWallet’s Youtube channel. During the second half of the webinar, Perkins, West, and Yang will take questions from the audience through Twitter. Tweet questions using the hashtag #DreamSmallBiz to either @NerdWallet or @USMBDA.  

3 Main Points Before You Establish Credit for Your Business

Blogged By: 
SBA Blog
Created on April 24, 2015

Credit CardsThere are various factors to consider when deciding to use credit for your business. The most crucial and overlooked component is can you afford to use it? Every business’s credit needs are different. Many small business owners have the misconception that if business credit is granted to them, they can afford to use it. Credit applications don’t ask what your business expenses are, whether or not your business equipment is outdated and needs to be replaced soon, or if you need to hire new employees, or how much is spent on advertising each month.

So before you start applying for business credit or accept the first credit offer that comes in the mail, understand that there are three main points to consider before filling out an application. Let’s review these three key points below:

Business Spending Patterns

The first question to be addressed is how you intend to use your company’s credit. As a business do you plan to pay off the balance owing every month, or do you anticipate carrying a balance month to month? Do you plan to use your business credit for day to day purchases, or just for unforeseen expenses?

Before You Export: 5 Tips for Gathering Market Intel

Blogged By: 
SBA Blog
Created on April 24, 2015

Market ResearchDid you know that more than 95 percent of the world’s consumers live outside the United States? That’s a staggering number – and perhaps even more so is this figure: only one percent of U.S. small businesses are selling to those consumers.

The benefits abound when it comes to selling Made-in-America goods and services internationally. In addition to the cultural exchange inherent when developing global relationships, U.S. businesses – including small, minority- and women-owned businesses – can grow faster, hire more employees and pay higher wages.

There’s a huge global market for your small business offerings, so here are a few insights from experienced exporters to consider as you go about gathering international market intelligence.

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