Sign up to recieve news and updates
HOME   |   CONTACT    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Blogs > asowah's blog

asowah's blog


Our Increased Focus on Manufacturers over the Past Few Years is Producing Results

Blogged By: 
MBDA
Created on October 28, 2015
 

Minority BusinessesMinority businesses are playing an integral part in keeping the ‘Made in America’ product strong as the U.S. manufacturing sector continues to rise.  Minority-owned manufacturing firms employ 342,000 workers and have recently grown faster than their non-minority counterparts in three areas—number of firms, employees and gross receipts.

MBDA’s increased focus on manufacturers over the past few years is producing results. Just in the last three years, MBDA has facilitated more than $3.3 billion in contracts for minority-owned manufacturing firms, making manufacturing one of the top industries for MBDA clients.

MBDA Presents Two Service Industry Awards

Blogged By: 
Nick Perkins, MBDA Business Development Specialist
Created on October 23, 2015
 

At this year's Minority Enterprise Development Week celebration in San Diego, CA I had an opportunity to speak with two MED Week award recipients who were recognized for their success in the professional services industry. Ideal System Solutions Inc., was awarded as Minority Business Enterprise of the Year, and Acro Service Corporation, was awarded as Minority Professional Services Firm of the Year. Each firm represents best–in-class for service delivery and is recognized for making significant contributions through the creation of jobs, their products and services, and support of their local communities. The awards were presented by MBDA National Director Alejandra Y. Castillo and National Deputy Director Albert Shen.

MBDA Exploring Partnership with the Korea Trade-Investment Promotion Agency

Blogged By: 
Nick Perkins, MBDA Business Development Specialist
Created on October 23, 2015
 

For the  signing of the MOI, MBDA was represented by National Director Alejandra Y. Castillo, while KOTRA was represented by President and CEO Jaehong Kim who is visiting from South Korea as a member of the delegation accompanying the South Korean President Park Geun-hye’s visit to Washington, D.C. this week.On October 14th, MBDA signed a Memorandum of Intent (MOI) with the Korea Trade-Investment Promotion Agency (KOTRA), an agency of the Government of the Republic of Korea that aims to make the most of South Korea’s expansive free trade network by supporting partnerships and cooperation between South Korean and foreign companies.  For the  signing of the MOI, MBDA was represented by National Director Alejandra Y. Castillo, while KOTRA was represented by President and CEO Jaehong Kim who is visiting from South Korea as a member of the delegation accompanying the South Korean President Park Geun-hye’s visit to Washington, D.C. last week.

The MOI focuses on exploring partnerships between Korean diaspora owned businesses in the U.S., other U.S. minority owned businesses, and interested South Korean companies for joint ventures and other business opportunities.

Top Tips for MED Week

Blogged By: 
Verlinda Harris, MBDA Management Analyst
Created on October 18, 2015
 

2015 MED WeeK

In less than 12 hours, over 7,000 entrepreneurs, businesses, and non-profit entities will begin arriving in San Diego, CA for one of the year’s biggest networking events for minority business enterprises (MBEs). The Minority Enterprise Development (MED) Week was created by a presidential proclamation signed by President Ronald Reagan in 1983 and honors some of the country’s most innovative and emergent minority businesses around the country. This year the Minority Business Development Agency (MBDA) is excited to announce our partnership with the National Minority Supplier Diversity Council, Inc. (NMSDC) to have MED Week in conjunction with the 2015 NMSDC Conference and Business Opportunity Exchange. This conference will allow MBEs to have access to both corporate executives and federal government procurement officials and endless opportunities.

A conference of this size and magnitude can open doors and catapult an organization’s growth and scale by leaps and bounds, however it can also be overwhelming to new entrepreneurs and those unfamiliar of the intricacies of taking full advantage of this type of opportunity. To ensure that an entrepreneur is  fully aware of the benefits of MED week we have comprised the following tips:

The Future Intersection of Education and Entrepreneurship has become the Road to Success in America

Blogged By: 
Javier Santiago, MBDA Intern
Created on October 15, 2015
 

STEMThe Minority Business Development Agency applauds the stellar work that the White House Initiative on Educational Excellence for Hispanics has done during the last 25 years. We look forward to a robust partnership as we engage the growing Hispanic community in education excellence and entrepreneurial growth.

According to U.S. Census Bureau, there are roughly 54 million Hispanics/Latinos living in the United States, representing approximately 17% of the U.S. total population, making people of Hispanic origin the nation's largest minority group. Moreover, Nielsen estimated that the purchasing power  of the American Hispanic community is $1.5 trillion this year. Aside from population growth and purchasing power, the impact Latinos have made on the American economy is remarkable as the number of entrepreneurs has grown tremendously over the past twenty years. From 1992 to 2012, the number of Hispanic entrepreneurs in America more than tripled, going from 621,000 to more than 3.3 million.

Despite these great achievements, many Latino entrepreneurs still face obstacles in starting and growing their business. Many of the challenges include insufficient startup capital and barriers to contracts and procurement opportunities. Nevertheless, Latinos are no stranger to overcoming obstacles and have developed  their drive to succeed.

What MBDA Does