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  • Submitted on 18 December 2014

    Albert K. Shen In the short amount of time that I’ve had the privilege of working with MBDA, I’ve been thoroughly impressed with all of your hard work and dedication. I’m inspired by all the great achievements that we’ve accomplished this year and the continued diligence and commitment I see on future endeavors.

    This year was a very successful year for job creation, economic growth and entrepreneurship within the minority communities, and I’m proud to say that all of you played a vital role in this upward trend. Despite facing many challenges, you continue to step up to the plate and face these challenges head on.  As a small MBE owner before my arrival at MBDA, I have personally dealt with the difficult barriers that MBEs face in order to survive and hope that my experiences will make MBDA a better resource.

  • Submitted on 08 December 2014

    Maximizing our value to customers!For 45 years, the Minority Business Development Agency (MBDA) programs have focused on providing greater access to business opportunities that better equip minority business owners to create jobs, build scale and capacity, and contribute to the U.S. economy.  

  • Submitted on 25 November 2014

    Created on November 25, 2014
     

    Intellectual Property Webinar Series

    Helpful TipsThe Minority Business Development Agency (MBDA) and the U.S. Patent and Trademark Office (USPTO) will co-host a free webinar series to help business owners understand the intellectual property process, starting on Tuesday, December 9.

    To join the event:

    • To participate click here to join the webinar.

    • To join the audio, call-in toll number: 1-650-479-3208; Follow the instructions that you hear on the phone. Your Cisco Unified MeetingPlace meeting ID: 996 407 651

    Register today!

    This three-part webinar series will provide participants with insightful tips for success on getting a patent or registering a trademark or copyright. Tune in and get answers from USPTO and U.S. Copyright Office senior intellectual property experts Elizabeth Dougherty, Anthony Knight, Susan Anthony, Craig Morris, and Sylvester Simpkins. The information shared will help you protect and promote your intellectual property rights.

  • Submitted on 18 November 2014

    Created on November 18, 2014
     

    DiversityThe Southern University Law Center and Kean Miller, LLP, hosted the Louisiana Diversity Forum on Oct. 30 in Baton Rouge, La. The forum included several panel discussions and speaker presentations focused on diversity and inclusion with respect to commerce, business, workplaces, and legal education.

    Candace Shiver, Special Advisor to the National Director of the Minority Business Development Agency (MBDA) participated as a panelist during the event. Her panel, where she was joined by representatives from Exxon Mobil Corporation and GE Foundation, had a special emphasis on corporate supplier diversity. Together, the panelists discussed and provided critical insight and perspectives on why and how more U.S businesses are achieving diversity and inclusion by building strategic inclusive business models.

    Providing context during the panel discussion to the 50th Anniversary of the Civil Rights Act of 1964, Shiver stated “At the time of MBDA’s founding in 1969, and for a number of years thereafter, many argued for minority inclusion as a matter of right or equal opportunity.”  “Fast forward 45 years, and today we’re recognizing at MBDA how much of a business imperative it is to engage minority-owned companies – to not only open the door, but to also keep the door open - in order for corporations to remain viable and grow increasingly competitive worldwide.”

  • Submitted on 17 November 2014

    Created on November 17, 2014
     

    Michael Bing, Project Director, Washington MBDA Business CenterThe Minority Business Development Agency is the only federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses; and most of our work is accomplished through our nationwide network of MBDA Business Centers and their work directly with the nation’s MBEs. While, we often report their successes in terms of contracts and capital obtained for MBEs, we rarely talk about how they do it. With this business center profile we hope to give you an inside look at one of our 44 Centers—the Washington, DC MBDA Business Center. 

    Washington DC MBDA Business Center is one of four serving the Baltimore and Washington, DC metropolitan area MBEs.

    Led by Project Director Michael Bing, the Washington DC MBDA Business Center is known for their innovative approach to business development.  In 2013, the Center developed and successfully launched a peer-to-peer business development cost-share program that creates portfolios consisting of no more than five firms that vary in size, but offer similar services based  on their North American Industry Classification System (NAICS) Codes.

  • Submitted on 17 November 2014

    Created on November 17, 2014
     

    Every year, our Nation pauses to reflect on the profound ways the First Americans have shaped our country's character and culture. The first stewards of our environment, early voices for the values that define our Nation, and models of government to our Founding Fathers -- American Indians and Alaska Natives helped build the very fabric of America.

    President Barack Obama
    2014 Presidential Proclamation: National Native American Heritage Month

     

    Native American $789 Million in Contracts & CapitalMBDA celebrates Native American Heritage Month and acknowledges the significant contributions of Native American-owned businesses to the U.S. economy.  A key component of the Agency’s services is dedicated to addressing the unique economic challenges and opportunities in Indian Country. In Fiscal Year 2013, MBDA helped Native American-owned businesses access $789 million in contracts and capital, which led to the creation and retention of 3,604 jobs.

  • Submitted on 12 November 2014

    Created on November 12, 2014
     

    Tech TransferEarlier this month, the National Institute of Standards and Technology (NIST) and the Minority Business Development Agency (MBDA) hosted a special event for minority serving institutions to foster collaborations that could increase minority participation in scientific research and entrepreneurship. Representatives from large and small colleges and universities across the country gathered to learn about NIST’s national research priorities and about “lab-to-market” opportunities from both NIST and the MBDA.

    MBDA National Director Alejandra Castillo explained why the event was timely in her opening remarks when she said, “Wealth creation is happening in the high technology sector, but only four percent of those businesses are minority owned. Minority serving institutions are not only positioned to educate scientists and engineers, but to create partnerships for the businesses of tomorrow.”

  • Submitted on 10 November 2014

    Created on November 10, 2014
     

    The Minority Business Development Agency (MBDA) is committed in supporting U.S. veterans. It is an honor to celebrate the many contributions of our service members as they continue helping our country thrive. Our veterans are the bedrocks of our Nation and have served or continue serving, as the guardians of our society.

    At MBDA we thank all veterans for their service and are fortunate to have a number of them working with us day-to-day supporting minority-owned businesses and helping grow the U.S. economy. Each one brings a unique contribution to our agency, here are a few examples of their continued service to our Nation.

  • Submitted on 06 November 2014

    Created on November 6, 2014
     

    EntreprenuersFor more than four decades, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to minority businesses enterprises (MBEs), which are increasingly critical contributors to the U.S. economy.

    With an eco-system of 44 MBDA Business Centers located across the U.S. and in Puerto Rico, the Agency’s national programs and initiatives provide increased access to contracts, capital and markets. Although the centers are strategically located in areas with the largest number of MBEs, there are no geographical boundaries for service delivery, which allows MBDA clients, regardless of their location, to seek services from any MBDA Business Center.

  • Submitted on 23 October 2014

    Created on October 23, 2014
     

    Inaugural Minority Investment Forum

    On October 21st, in partnership with the Association for Corporate Growth (ACG), MBDA, and the Chicago MBDA Business Center launched the inaugural 2014 Minority Finance Forum during the 15th annual Midwest ACG Capital Connection, the country’s largest collection of private capital for middle market investment.  The Forum had approximately 100 participants including MBE clients and minority business advocates who were introduced to nearly 150 of the most active middle market investors, leaders, advisors, and deal makers from across the country.

    As a result, minority-owned firms that attended had access to more than $160 billion in deal-flow activity creating opportunities to source capital, partner with companies for mergers and acquisitions and to network with investment bankers and private equity investors.  MBDA National Director Alejandra Y. Castillo also attended and shared the importance of building strong strategic partners with minority-owned businesses and becoming a visionary investor as a strategic step toward embracing the changing composition of the national business community.

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