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  • Submitted on 30 October 2015

    Created on October 30, 2015
     

    Tyrone C. Taylor from Capitol Advisors on Technology, LLC, Gary Jones - Federal Lab Consortium (FLC), DC Representative,     Marlene M. Owens - Deputy (Acting) for Research and Development Partnerships, Science and Technology Directorate for the Department of Homeland Security (DHS), and     Brian Suh - Director of Technology Transfer at Space and Naval Warfare Systems Command (SPAWAR) and Regional Director of the Federal Laboratory Consortium, Albert K. Shen, MBDA National Deputy DirectorThe 2015 Minority Enterprise Development Week celebration was held in conjunction with the National Minority Supplier Diversity Council (NMSDC) Conference and Business Opportunity Exchange in San Diego, CA. In this new and innovative collaboration, the Minority Business Development Agency (MBDA) offered several Powered by MBDA sessions that provided the latest information and trends on technology innovation, federal procurement, and international trade. As part of the Powered by MBDA sessions, day four of the NMSDC Conference featured a robust lab-to-market panel discussion moderated by Tyrone C. Taylor from Capitol Advisors on Technology, LLC. The panel included:

    • Gary Jones - Federal Lab Consortium (FLC), DC Representative,
    • Marlene M. Owens - Deputy (Acting) for Research and Development Partnerships, Science and Technology Directorate for the Department of Homeland Security (DHS), and
    • Brian Suh - Director of Technology Transfer at Space and Naval Warfare Systems Command (SPAWAR) and Regional Director of the Federal Laboratory Consortium
  • Submitted on 23 October 2015

    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.

  • Submitted on 23 October 2015

    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.

  • Submitted on 18 October 2015

    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:

  • Submitted on 15 October 2015

    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.

  • Submitted on 13 October 2015

    Created on October 13, 2015
     

    Alejandra Y. Castillo, MBDA National DirectorEach year, Americans observe National Hispanic Heritage Month from September 15 to October 15, by celebrating the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and Central and South America.  In the spirit of this national observance The New York Office of the State Comptroller (OSC) held its 2015 Hispanic Heritage Month Celebration yesterday and honored five people whose service, leadership, and sacrifice exemplify the reason for the commemoration.

    Alejandra Y. Castillo, MBDA National Director was one of the five awardees honored at the event.  As the first Latina Director of the Minority Business Development Agency, Director Castillo was recognized for her leadership and commitment to the Hispanic business community.  Hispanic-owned firms contribute greatly to the U.S. economy and according to preliminary data from the U.S. Census Bureau there are 3.3 million Hispanic-owned businesses, up 47 percent from 2007.  These firms contribute $517 billion in U.S. economic output and employ 2.5 million workers.  Today MBDA’s commitment to helping Hispanic-owned firms reach their potential is as strong as ever.   In fiscal year 2014, MBDA facilitated 2.8 billion in contracts and financing for Hispanic-owned firms.  Those transactions supported the creation and retention of approximately 13,000 jobs.

  • Submitted on 07 October 2015

    Created on October 7, 2015
     

    A collaboration of Association for Corporate Growth (ACG) in Chicago & Department of Commerce's MBDA Business Centers

    A collaboration of Association for Corporate Growth (ACG) in Chicago & Department of Commerce's MBDA Business Centers

    Providing access to capital and expertise to Minority Business Enterprises (MBEs) to increase revenues and value.

    This is a unique opportunity for MBDA Center clients to hear how smart money and expertise of private equity and investment banking can drive higher revenues. The Forum returns to open the 16th annual Midwest ACG Capital Connection featuring 100-200 of the most active middle market investors, lenders, and investment banks, and hundreds of other advisers and deal makers from across the country.

  • Submitted on 18 August 2015

    Created on August 18, 2015
     

    Photo of Sara G. ArellanoMy name is Sara G. Arellano. This summer, I joined many other students as a Department of Commerce intern. However, that may be where the similarities end, as I am considered a non-traditional student. After raising a family and working in the private sector, I decided to pursue a bachelor degree in Political Science at the University of California, Irvine. As a non-traditional, female student of Mexican descent my journey thus far has been at times – challenging. Nonetheless, I have overcome stereotypical assumptions based on my gender and ethnicity with determination and support from mentors who believed in my ability to succeed.

    Similarly, minority-owned firms encounter challenges and obstacles as they grow their businesses.  Over 45 years ago, President Nixon recognized these barriers and established the Minority Business Development Agency (MBDA) to promote the growth and expansion of minority-owned business.  Today, MBDA continues to link minority-owned firms with the access to capital, contracts, and markets they need to expand.

  • Submitted on 13 August 2015

    Created on August 13, 2015
     

    Lauren Rosario, Innovation Analyst at CodeMyMobile, attended the Commerce Department’s Open for Innovation event because she was interested to learn what established corporations and startups were doing to innovate their products and companies. Through events like Open for Innovation, she believes the government has the ability to attract a caliber of businesses that entrepreneurs would not have an opportunity to meet with otherwise, providing valuable networking opportunities.

  • Submitted on 13 August 2015

    Created on August 13, 2015

     

    Rod Robinson, Founder and CEO of ConnXus, Inc., a supplier relationship platform that manages all aspects of a corporation’s diversity and compliance programs, discusses the important role a government organization like MBDA plays in the success of an entrepreneur. He believes taking advantage of resources provided by MBDA, such as access to data and analytics to support the business model, as well as meeting with fellow mentors that have walked in their shoes, allows entrepreneurs to reach their full potential.

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