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Global Opportunities and New Markets


  • Submitted on 13 June 2011

    Top Five Export LocationsYou don’t need a boat to go where most small businesses export. China’s economy may get a lot of our press, but our neighbors, Canada and Mexico, get a lot more of our exports. Total U.S. exports of goods to Canada and Mexico in 2009 were $154.8 billion and $116.4 billion, respectively, while exports to China were $65.6 billion.

    The International Trade Administration’s recently released Small & Medium-Sized Exporting Companies: Statistical Overview, 2009 finds 275,843 exporters in 2009. Of this number, 269,269 or 97.6 percent were small businesses. But small businesses only accounted for 32.8 percent or $308 billion of the total export revenue in 2009.

    For both small and large exporters, most of the exports came from the manufacturing and wholesale trade industries, which is not surprising considering the data does not cover services exports. These two industries combined represented about 85 percent of exporting value and 60 percent of the exporting businesses.

  • Submitted on 24 May 2011

    Regional innovation clusters are based on a simple but critical idea:  if we foster coordination between the private sector and the public sector to build on the unique strengths of different regions - while creating the incentives for them to do so - we will be better equipped to marshall the knowledge and resources that America needs to compete in the global economy.

    The $33 million Jobs and Innovation Accelerator Challenge that the Obama Administration announced yesterday will help capitalize on shared strengths, encouraging America's regions to plan more strategically to support long-term growth and an environment where the private sector can succeed.  It reflects an understanding by both private sector leaders and policymakers that we must implement strategies that capitalize on the full extent of regional assets and ensure that the benefits of cluster development extend to all workers and communities throughout the region.

  • Submitted on 12 April 2011

    Play VideosAs part of MBDA’s ongoing mission to promote the tremendous capabilities of minority-owned firms and the promise of phenomenal growth through exporting and strategic alliances internationally, Director Hinson was the featured speaker at the U.S. Global Business & Markets pavilion on Monday, April 4. View additonal videos at sell-american.com.

    National Director Hinson joined Ambassador Philip Murphy, U.S. Assistant Secretary Michael Camunez and Deputy Assistant Secretary Brian McGowan of Economic Development Administration to promote the Obama administration's National Export Initiative (NEI) as well as to attract Foreign Direct Investment (FDI) in the U.S.

     

  • Submitted on 11 April 2011

    Exporting Small businesses seeking to grow their businesses and create jobs through exporting can turn to new, free educational videos created through a partnership between the U.S. Small Business Administration, Inc. Magazine and AT&T.

    Through the public-private partnership, a series of video modules has been developed to inspire and encourage American small businesses to actively pursue exporting and to educate them on how to do so.

  • Submitted on 16 March 2011

    Join Director Hinson in London at the 3rd Annual M&A SymposiumIf you’re interested in expanding your business through merger or acquisition, branching out into overseas markets, or just want some insight into international trade laws, plan on attending the Alliance of Merger & Acquisition Advisors’ (AM&AA) 3rd Annual Global Merger & Acquisition Symposium (M&A Symposium) in London, England, May 10th – 12th, 2011. This year we’re pleased to announce National Director David Hinson will be delivering the keynote address on Wednesday, May 11th.

    Mission to Encourage MBEs to Expand

    A key part of MBDA’s mission is encouraging minority business enterprises to expand their businesses through merger and acquisition and develop strategic partnerships with overseas firms. Many minority entrepreneurs already have strong ties to Asia, Africa and Latin America; and seek ways to solidify these global alliances.  The M&A Symposium offers an excellent opportunity to learn more about these 21st-century growth strategies while making valuable international contacts.

  • Submitted on 16 February 2011

    The Minority Business Development Agency (MBDA) in concert with Deutsche Messe AG would like to invite you to join MBDA National Director David A. Hinson and business leaders from around the world at the Hannover Messe International Trade Fair, April 4–8, 2011.  As part of MBDA’s ongoing mission to promote the tremendous capabilities of minority-owned firms and the promise of phenomenal growth through exporting and strategical alliances internationally, Director Hinson will be a featured speaker at the U.S. Global Business & Markets pavilion on Monday, April 4. 

  • Submitted on 15 February 2011

    Dr. Albert Green, CEO of Kent DisplaysEd note: Founded in 1993, Kent Displays, Inc. is a world leader in the research, development and manufacture of Reflex™ No Power LCDs for unique, sustainable applications including electronic skins, writing tablets, smartcards and eReaders. Improv Electronics was formed in 2010 as the consumer products subsidiary of Kent Displays. 2010 sales of its first product, the Boogie Board™ LCD Writing Tablet, exceeded forecast by 10 times. Its paperless LCD technology represents a significant opportunity to reduce global paper consumption for everyday tasks such as memos, reminders, to do lists, sketching and other writing and drawing activities.

    Kent Displays is honored to be a representative on this trade mission to India. It’s only a few days into the mission, and the benefits of participating are already immeasurable. I cannot begin to express my gratitude to the U.S. Commerce Department and Secretary Gary Locke for organizing the trip and selecting Kent Displays for the business delegation.

  • Submitted on 14 January 2011

    There is a tremendous opportunity to interact with over 500 Chinese government leaders and business representatives from a wide spectrum of industries.  These Chinese firms will meet with U.S. exporters and explore investment opportunities in several U.S. cities, including Chicago, Houston, Raleigh, N.C., and Washington, D.C.

    Many firms are intensifying their efforts to market their products and services to countries such as China.  Today, American companies are selling more merchandise and services to China than ever before. Exports to China totaled $85 billion in 2009, a 72 percent increase from 2005. In the first 11 months of 2010, total U.S. exports grew 17 percent compared to the same period in 2009.

    MBDA encourages you to take advantage of this unique opportunity to expand your growth and profit potential with one of this country’s largest trading partners. China is a key export market for U.S. goods and services, and a focus of President Obama’s National Export Initiative that calls for doubling U.S. exports in five years to support millions of American jobs. Read the Report to the President on the National Export Initiative: The Export Promotion Cabinet’s Plan for Doubling U.S. Exports in Five Years

  • Submitted on 09 December 2010

    Trade Winds Forum - The AmericasThe Minority Business Development Agency (MDBA) encourages minority-owned firms to attend the upcoming “Trade Winds Forum–the Americas” business forum and trade mission in Mexico City, Mexico from April 5-12, 2011.

    The combination trade mission and business conference includes the pan-American (North, Central and South) business forum consisting of regional and industry specific conference sessions, as well as pre-arranged consultation with 14 U.S. Commercial Service Senior Commercial Officers representing markets throughout the Western Hemisphere.

  • Submitted on 01 December 2010

    International trade is one of the driving forces in the American economy which creates jobs and wealth and accounts for a significant percentage of our economic growth. Minority firms in the United States are primed for exporting and are twice as likely to generate sales from exporting as non-minority-owned firms. Some of the reasons are due in large part to language capabilities, cultural compatibility and business agility.

    The U.S. Department of Commerce (DOC) is at the center of the federal government's efforts to promote exports. Secretary of Commerce Gary Locke will lead a High Technology Business Development Mission to New Delhi, Bangalore, and Mumbai that will highlight export opportunities for U.S. businesses in a broad range of advanced industrial sectors: civil-nuclear trade, defense and security, civil aviation, and information and communications. This trade mission will assist U.S. businesses in initiating or expanding exports to India by making business-to-business introductions, providing market access information, and facilitating access to government decision makers. 

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MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
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