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MBDA’s Inclusive Innovation in Action Event Draws Chicago’s Tech Community During MED Week

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MBDA

MBDA National Director CastilloWith the U.S. population poised to shift to ‘majority minority’ status during the next few decades, the topic of inclusive innovation in global high-growth industries took center stage at an MBDA event in Chicago on October 27.

Dubbed “Inclusive Innovation in Action,” the informative event was located at an award-winning Chicago technology incubator, BLUE1647, and drew a mix of entrepreneurs, investors, and community residents. Coinciding with the annual conference of the National Minority Supplier Development Council (NMSDC), and with Minority Enterprise Development Week (MED Week), October 23-27, the afternoon panel focused on information-sharing about MBDA services for entrepreneurs, and engaging examples of successful minority-owned tech enterprises.

Protecting Personal Information – with a twist

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MBDA

“Protecting Personal Information: A Guide for BusinessWant something old and something new, all in one? Check out the FTC’s updated “Protecting Personal Information: A Guide for Business.” It’s the same principles that we’ve relied on for years, but with a new twist.

You’ll find the latest tips about technologies that have emerged since we last published the guide. And a fresh look to match the Start with Security business education campaign.

The updated version relies on the same bedrock principles: (1) Take Stock, (2) Scale Down, (3) Lock It, (4) Pitch It and (5) Plan Ahead. And the new twist? Here’s a glimpse of some of the updated advice:

USDA’s Agricultural Trade Advisory Committees Seeks Greater Private Sector Diversity

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MBDA

American AgricultureThe face of America – and of American agriculture – is changing. The number of farms in the United States has grown 4 percent and the operators of those farms have become more diverse in the past five years, according to results of USDA’s most recent Census of Agriculture.  The 2007 Census counted nearly 30 percent more women as principal farm operators. The count of Hispanic operators grew by 10 percent, and the counts of American Indian, Asian and Black farm operators increased as well.  In addition, the U.S. Census Bureau reports that the number of minority-owned businesses grew more than 45 percent between 2002 and 2007.

Puerto Rican Firm Enters New Markets Due to EXIM Bank's Insurance

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EXIM Bank Public Affairs

From left to right: Executive Vice President Marta Burguera and her father Orlando Burguera who is President of B & B Manufacturing, and Marta’s brother.B & B Manufacturing, of Bayamon, Puerto Rico, manufactures wiring and electronic equipment for motor vehicles. B&B Manufacturing has maintained its leadership in a changing industry through supplying its clients with an extensive O.E.M. type product line, which provides reliability and improved performance to its end user. Established in 1985, this family-owned small business relies on exports for 68 percent of its sales. It has customers in Latin and Central America as well as the Caribbean. 

For more than 15 years, the company has been using a small business multi-buyer insurance policy to extend credit to its international buyers. The policy has covered nearly 16 buyers. Through the support of the Export-Import Bank of the United States (EXIM Bank), B & B manufacturing has successfully exported over 4.6 million dollars in goods to their customers abroad within the past three to four years alone. The company was also able to create five new jobs as a result.

MBDA Sparking Innovation through New Outreach Initiative

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MBDA

It all starts with an idea. Sometimes it can be as simple as a “what-if” lodged in the back of our minds that can spark the next great invention. A simple idea, when coupled with ingenuity and opportunity, can transform the world we live in for the better. That’s the awesome power of innovation.

Innovation, one of the Commerce Department’s five strategic goals, is defined as “the invention, improvement, and commercialization of new products, processes, and services ...” It plays an integral role in the mission of all 12 bureaus housed within the department. 

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