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Congress Returns, President Signs Bill for Sandy Flood Insurance

Blogged By: 
Terry Richards
Created on January 29, 2013
 

On Thursday, January 3rd, 2013, the 113th Congress was sworn in and began the new legislative session. One of its first acts came on Friday, January 4th, when the House and Senate passed a bill providing $9.7 billion in aid for victims of Superstorm Sandy. Signed by President Obama on January 6, the aid comes in the form of increased borrowing authority for the National Flood Insurance Program (NFIP) so that it remains able to meet its obligations and compensate survivors of the natural disaster.

Have you looked at your firm’s export attributes?

Blogged By: 
David A. Hinson, National Director
Created on January 29, 2013

David Hinson, National Director

Thinking bigger, thinking broader, and working smarter is commonplace for business owners. The same holds true for MBDA in promoting the growth and global competitiveness of America’s fastest growing companies, the minority business community. As we look ahead, we are encouraged that the Build it Here, Sell it Everywhere vision of the U.S. Department of Commerce continues to resonate and gain momentum throughout the business community.

The value of tapping into international markets cannot be overstated. Boosting exports is critical to stimulating our country’s economic growth and job creation. This is an area in which minority-owned businesses play a leadership role. Shared languages, cultural affinities, and a global reach that spans 41 countries on six continents make minority-owned firms natural exporters. MBDA is uniquely positioned to engage the Diaspora communities across the country and help leverage their cultural and ancestral ties to key foreign markets and create greater access for U.S. products and services.

Minority Entrepreneurs — Continuous Success with Angel Investors!

Blogged By: 
Patricia Tomczyszyn, Minority Business Development Agency
Created on January 23, 2013
 

Angel InvestorsMinority-owned businesses are the fastest growing business sector in the Nation, in terms of gross receipts and paid employees.[1] Yet, access to capital remains the biggest obstacle limiting their establishment, expansion and growth. While traditional funding remains the most sought after source of capital, alternative funding sources, such as angel investors, have proven successful for minority entrepreneurs.

Minorities represent on average less than 7% of all entrepreneurs seeking funding from angel investors. However, they succeed in acquiring angel funding as often as their non-minority counterparts. From January 2009 to June 2012, 17% of all entrepreneurs seeking angel investor funding succeeded. The yield rate for minority entrepreneurs during that same period was 16.1%, a negligible difference. The yield rate is the percentage of investment opportunities that are brought to the attention of investors that result in an investment.

30th Anniversary National MED Week in Review

Blogged By: 
MBDA
Created on December 21, 2012
 

MBDA’s National Minority Enterprise Development (MED) Week has by tradition set the standard as the premier event for minority entrepreneurs, business owners, and advocates. On December 5-6, the 30th anniversary milestone event officially joined the ranks as one of the most successful MED Week’s in the history of the conference.

This year’s event was attended by nearly 1,300 individuals representing a broad range of industries from across the globe. In the State of Commerce Address, Acting U.S. Commerce Secretary Rebecca Blank opened the conference with inspirational remarks on the growth of the economy and highlighted the crucial role that minority-owned businesses play in exporting and job creation. Acting Secretary Blank’s address embodied the theme of this year’s conference, Job Creation in America: Build it Here – Sell it Everywhere!, and set the tone for the conference agenda, which included an International Business-to-Business Linkage networking reception attended by the Brazilian Ambassador to the United States, a partnership announcement between MBDA and the Export-Import Bank that launched the “Global Outreach Alliance,” and numerous seminars and workshops focused on the global supply chain and emerging markets.

Happy Holidays from MBDA

Blogged By: 
David A. Hinson, National Director
Created on December 21, 2012
 

David Hinson, National Director

As we approach the winter holidays, we pause to thank you for your continued partnership. It is business associates like you that bring a rich mosaic of experiences, attitudes and views that continue to advance MBDA’s mission to create jobs and foster the growth and global competitiveness of minority-owned firms.

It’s been an extremely productive year at MBDA and we are excited to share some of our many achievements from this past year.  We’ve completed a major organizational restructuring that enabled us to increase funding to MBDA Business Centers.  We also launched several “specialty” MBDA Business Centers including: the Atlanta MBDA Business Center, which is now staffed to provide expert guidance for minority-owned businesses in the healthcare technology and advanced manufacturing industry sectors; the San Antonio MBDA Business Center that has expanded their services to include expertise in exporting to Latin America; and the MBDA Federal Procurement Center, the first MBDA Business Center to solely focus on federal contracting.;

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

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