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#MyAAPIStory: Albert K. Shen

Blogged By: 
Albert K. Shen, National Deputy Director of the MBDA

In the spirit of Immigrant Heritage Month, the White House Initiative on Asian Americans and Pacific Islanders (AAPIs) celebrates the diverse dimensions of our nation’s communities and the strength we draw from our varied immigrant identities.  From cultural traditions to philosophies, many of us are shaped by our own or our family’s immigrant experiences coming to this country and transitioning into the “American life.”

In this blog series, we will explore the immigration stories of different AAPI federal leaders and how these experiences have shaped their commitment to public service.

A New Federal Pilot Program for Small and Emerging Pension Fund Managers

Blogged By: 
Nick Perkins, MBDA Business Development Specialist
Created on June 30, 2015
 

ChartThis month, the federal Pension Benefit Guaranty Corporation (PBGC) introduced the Smaller Manager Pilot Program.  This exciting opportunity opens the door for emerging manager (EM) and other smaller firms to manage up to $250 million in U.S. core fixed Income federal pension funds.  EMs are generally defined as ethnic minority fund managers (or fund of fund managers) whose funds typically fall below $2 billion.  The new pilot program will allow EMs to compete in a request for proposal (RFP) that opened on June 15th and closes at the end of July.  The review process will identify up to five firms that will be granted fund management contracts for fixed Income portions of the PBGC funds sometime in mid to late 2016.

Emerging manager funds often outperform larger non-diverse funds across studies by both public and private entities.1 By utilizing emerging managers, funds can potentially Increase and diversify investments into high-growth demographic sectors, while fostering innovation and healthy competition.

How MBDA is engaging with the community, following the Baltimore City Civil Unrest

Blogged By: 
Martin Ezemma, MBDA Business Development Specialist
Created on June 29, 2015
 

DOJ Community MeetingThis year several U.S. cities have experienced civil unrest in the aftermath of high-profile incidents involving police. Many believe that the unrest stems from a larger, more systemic problem — lack of economic opportunity. When it happened in Baltimore this spring, MBDA was invited to join the Department of Justice’s Community Relations Service (CRS) in meetings between Asian business owners and members of the African American community.

CRS is the U.S. Department of Justice's "peacemaker" for community conflicts and tensions arising from differences of race, color, national origin, gender, gender identity, sexual orientation, religion and disability. MBDA was invited to share information about the services and assistance provided by the Baltimore MBDA Business Center, which is operated under cooperative agreement between the City of Baltimore and the U.S. Department of Commerce, Minority Business Development Agency. The Center provides personalized strategic business consulting and helps local businesses gain access to the technical resources needed to grow their businesses, create jobs, and advance the city’s economy. In FY 2014, the Center helped minority business owners secure over $90 million in contracts and capital.

Join MBDA at Pitch City: Minority Business Executive Institute

Blogged By: 
Verlinda Harris, MBDA Management Analyst
Created on June 29, 2015
 

Pitch City: New OrleansOver the past two years, New Orleans has gained recognition as a great place to live and work. It was voted #1 city for young entrepreneurs in America by Under30CEO.com, #1 metro area in the U.S. in Economic Recovery by the Brookings Institution, and #2 big city for jobs by Forbes. The Minority Business Development Agency (MBDA) via our local New Orleans business center is constantly seeking innovative and effective opportunities to support the city’s minority business enterprises (MBEs).  Whether it’s through collaborations with other federal agencies, state and local government or private corporation partnerships, MBDA plays a vital role in connecting MBEs to opportunities to expand and grow their organizations.

This week, in collaboration with Essence Festival, MBDA will host the Minority Business Executive Institute July 3-4, 2015 at the Ernest N. Morial Convention Center in New Orleans, LA.  This event will be an intensive two day training course for 25 emerging minority entrepreneurs from the Gulf Coast Region. The training will focus on key elements for business growth and success.  Several successful CEOs and business owners will offer valuable insight on topics such as company branding, the importance of social media and knowing your competition. Essence Festival is one of the biggest African American gatherings in the country and MBDA’s partnership with Essence provides the perfect platform to provide training opportunities for minority entrepreneurs.

A Resource for Manufacturers: Evolution of the Global Economy, Manufacturing and MEP

Blogged By: 
NIST MEP
Created on June 24, 2015
 

This year, Manufacturing Extension Partnership Program (MEP) celebrates its 25th anniversary. In anticipation of this milestone, we reflect on events of the last two and a half decades that significantly impacted the global economy, manufacturing, and the Manufacturing Extension Partnership.  

MEP has taken its cues from the lessons of global opportunities and challenges, and the daily changes of our client base. The program's value and effectiveness will be measured in the impact of our services and the evolving tide of progress and growth of our clients

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