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asowah's blog

Opportunity in the New Economy: MBDA Supporting Minority Businesses Now and in the Future

Blogged By: 
Alejandra Y. Castillo, MBDA National Director
Created on February 16, 2016

On January 12, 2016, President Barrack Obama delivered his final State of the Union Address to members of Congress. During his highly-anticipated annual address, President Obama spoke optimistically of America’s future and our progress in the areas of foreign policy, the economy, health care, social progress and his desire to transform America into the global leader in fighting climate change.

As we spotlight the Nation’s successes over the past seven plus years of the Obama Administration, we must also closely examine the state of minority businesses. According to data from the U.S. Census Bureau, by the year 2044, people of color will make up a majority of the U.S. population. The face of our nation is transforming and our diversity is one of our greatest strengths. It is what will keep us at the forefront of technology, innovation and the global marketplace. Minority businesses are essential to the economic success of our nation.

During his address, the President also posed several key questions. One in particular, is of special importance to us here at the Department of Commerce, Minority Business Development Agency; “How do we give everyone a fair shot at opportunity and security in the new economy?”

A Call to Action: Supporting the Next Generation of Innovators and Entrepreneurs

Blogged By: 
Marvin Carr and Kamau Bobb
Created on February 8, 2016

Last month, Americans across the nation celebrated the 30th official observance of Dr. Martin Luther King, Jr. Day, a day dedicated to celebrating the dreams that Dr. King had for a more inclusive and equal nation, and his historic and noble effort to turn these dreams into reality. One important part of continuing Dr. King’s effort is guaranteeing access to fulfilling educational opportunities for young people, particularly in the science, technology, engineering, and mathematics (STEM) fields. 

As technology continues to assume increasing prominence in our society, STEM skills are becoming more critical than ever. Currently, there are a half-million job openings in the United States in information-technology fields, with thousands more requiring training in STEM or computer science. Despite the importance and pervasiveness of STEM, there is a significant shortage of STEM opportunities for young people, especially young people of color.

Entrepreneur of the Month – February 2016

Blogged By: 
Created on February 8, 2016

Patricia WattsIn 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, and in highlighting those who exemplify passion, innovation, and determination, we hope to inspire business owners of today and tomorrow.  

MBDA is proud to announce Patricia Watts of FCI Management as the February Entrepreneur of the Month. Her company, FCI Management,is a full service energy services company offering strategic energy solutions for corporate, residential, commercial and industrial clients, public and private school, universities, and government and municipal agencies.

Based in greater Los Angeles, FCI Management supports major contracts in the Southern California region and nationally since its inception in 1998.

Social Media Tips for Small Business Recovery Presented at Free Webinar

Blogged By: 
Created on February 7, 2016

When a crisis hits your small business, getting the right message out quickly can protect your brand and speed up the recovery process.  Increasingly, organizations are relying on social media to get ahead of and dispel misinformation that can lead to a tarnished reputation, and even failure of the company.

Get tips on creating a crisis communications plan using social media during a free webinar on Feb. 16, co-hosted by Agility Recovery and the U.S. Small Business Administration. The discussion will include:

SBA’s Emerging Leaders Initiative Expands to Help Entrepreneurs Grow and Succeed

Blogged By: 
Created on February 4, 2016

Seven-month intensive, executive entrepreneurship education series now available in 51 Cities and Communities Across the United States


The U.S. Small Business Administration’s Emerging Leaders executive-level training series is launching in 51 cities and communities across the country this year.

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