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  • Submitted on 17 April 2014

    Created on April 17, 2014
     

    Minority-owned businesses seeking to grow their firms and branch out into new markets have new resources to find help. The Minority Business Development Agency (MBDA) proudly welcomed two new MBDA Business Centers into their family of network centers that operate across the U.S. and Puerto Rico.

    On March 17, while most of the Eastern region of the country braced for a snow storm, the Bronx MBDA Business Center held their grand opening ceremony. Local legislators, community leaders and business owners joined the celebration held at the South Bronx Overall Economic Development Corporation (SoBro) offices. SoBro was awarded a $1.5 million grant to operate the center for three years.

    “Our center is here to promote the growth and global competitiveness of the minority business community, making them better equipped to create jobs, impact local economies and compete successfully in domestic and global marketplaces,” said Phillip Morrow, President and CEO of SoBro. “Together, I know that we will engage minority businesses to promote growth, and further the discussion with leaders from the public, private and non-profit sectors on how their current priorities and initiatives align with the goals of the center.”

  • Submitted on 17 April 2014

    Created on April 17, 2014
     

    DOE SealIn 2013, MBDA and the Office of Economic Impact and Diversity (ED) within the U.S. Department of Energy (DOE) established a partnership aimed at increasing the participation of minority business enterprises (MBEs) in energy – one of the largest industries in the United States.  In addition to enhancing access to procurement and contracting opportunities available through the DOE for minority firms, MBDA and ED are also working to create and unveil growth opportunities for minority firms through technology transfer and commercialization. 

    On March 13 and 14, 2014, MBDA Acting National Director Alejandra Castillo joined Director Dot Harris of the U.S. Department of Energy, Office of Economic Impact and Diversity (ED), on a Domestic Trade Mission to one of DOE’S 17 national research laboratories - the Argonne National Laboratory in Chicago, Illinois.   Joined also by a delegation including minority-owned firms and the local Chicago MBDA Business Center, this Trade Mission represented a collaborative effort to advance the mission of the Minorities in Energy Initiative launched by DOE in September of 2013.

    The delegation participated in meetings with instrumental partners and stakeholders including Clean Energy Trust, Energy Foundry, World Business Chicago, the Illinois Science and Energy Innovation Foundation, and the Office of Congressman Bobby Rush of the First District of Illinois.  The meetings proved informative, helping to open doors for minority firms to access innovation, technology, and capital resources through this partnership. 

    The partnership shared with DOE will also help to level the playing field for minority firms and develop a gateway to new opportunities through technology transfer.  Upon gaining critical market intelligence of the technology developed at laboratories such as Argonne National Laboratory, MBEs will be able to better compete in their contracting programs.  Also, the sharing of expertise and resources between the MBDA Business Center network and the DOE national laboratories can be of immense benefit to the growth and development of MBEs in the energy and technology industries.

  • Submitted on 08 April 2014

    Created on April 8, 2014
     

    Group Photo from Roundtable DiscussionWomen leaders from the African American, Asian, Hispanic and Native American business communities showcased their expertise and entrepreneurial achievements during the “Power and Promise of the Minority Women in Business” roundtable discussion in Washington, DC, hosted by the Minority Business Development Agency (MBDA) on March 31.

    In celebration of Women’s History Month, the event attracted a diverse group of more than 25 women business leaders that included federal officials, researchers, entrepreneurs and high-level executives, who represented organizations on the forefront of helping women, transform economies and communities. Maria Cardona, Principal at the Dewey Square Group and CNN and CNN en Español Political Contributor, served as the moderator and helped guide the discussion on “what’s next for women business owners.”

    “Today, women-owned businesses are the backbone to the U.S. economy,” said Alejandra Castillo, MBDA, Acting National Director. “MBDA strives to support the new generation of women entrepreneurs to ensure they understand that women have the potential to change how America does business.”

  • Submitted on 02 April 2014

    Created on April 2, 2014
     

    Crowd Shot from Business SundayThis weekend, the Commerce Department’s Center for Faith-based and Neighborhood Partnerships joined forces with the Minority Business Development Agency (MBDA), BusinessUSA, the Small Business Administration (SBA) and 19th Street Baptist Church to host the first Business Sunday in Washington, DC. Business Sunday is a program focused on promoting local economic growth and job creation by connecting congregations and communities with the valuable business development resources offered by the Federal Government.

    Close to 300 business owners, entrepreneurs and nonprofit leaders came together for the first Business Sunday, packing the fellowship hall at 19th Street Baptist Church. The event included greetings from Melissa Rogers, Executive Director of the White House Office of Faith-based and Neighborhood Partnerships, as well as presentations from SBA, MBDA and BusinessUSA on how to access important technical assistance, business counseling, loans and other practical resources. Participants also had the opportunity to sign up for health insurance for their business or themselves through the DC Health Benefit Exchange. Following the event attendees stayed for more than an hour to network and speak individually with Commerce and SBA staff.

  • Submitted on 17 March 2014

    Created on March 17, 2014
     

    The Houston MBDA Business Center held their grand opening ceremony March 5.

    Houston Open House

    The kick-off event started with a ribbon cutting ceremony at the center, followed by a roundtable discussion with local business leaders. Candace C. Shiver, Esq., MBDA’s Special Advisor to the Office of the National Director and Roger Harris, Houston MBDA's Program Director, spoke with participants about local challenges minority businesses face and opportunities for enhancement and growth.

  • Submitted on 14 March 2014

    Created on March 14, 2014
     

    Thanks to the U.S. civil rights movement and the push for women’s equality, African-American women now have opportunities that an earlier generation could only dream about. Today African-American women crew NASA space missions, run Fortune 500 companies and win Pulitzer Prizes for successful Broadway plays. Here's a profile of one African-American women who has made her mark and inspire women everywhere.

    Catherine L. HughesCatherine L. Hughes

    Financial difficulties forced Catherine L. Hughes to give up her home and live with her young son in the studio of the first radio station she bought in Washington. But today Radio One, the company she founded in 1979, is a multibillion-dollar enterprise that includes radio stations in every major market in the United States. Radio One reaches an estimated 14 million listeners each week. When Radio One became a publicly traded company on the NASDAQ stock exchange in 1999, it was the first ever owned by an African-American woman. In January 2004, Radio One launched TV One, a national cable and satellite television network featuring programming for African-American adults. In an interview with Hello Beautiful, a website aimed at African-American women, Hughes decried the negative portrayals of African-American women so often found in mainstream media. “We’re interested in the positive side of being African American,” Hughes said of Radio One and TV One programming.

  • Submitted on 06 March 2014

    Created on March 6, 2014
     

    Business SundayAs we close out National African American History Month, the Commerce Department is proud to announce our participation in the launch of Business Sunday. This initiative is focused on connecting current and future business leaders from congregations and communities around the country with the federal resources they need to start and grow their companies. As a reflection of the President’s commitment to job creation and economic opportunity for all Americans, Business Sunday will help people access valuable technical assistance, grant information and other resources from the Minority Business Development Agency, BusinessUSA and the Small Business Administration.

  • Submitted on 06 March 2014

    Created on March 6, 2014
     

    Congressman RichmondHON. CEDRIC L. RICHMOND
    OF LOUISIANA
    IN THE HOUSE OF REPRESENTATIVES
    Wednesday, March 5, 2014

    Mr. RICHMOND. Mr. Speaker, I rise today to applaud the Minority Business Development Agency on this its 45th Anniversary. Established in 1969, the MBDA has worked tirelessly and diligently to promote the growth and global competitiveness of a critical segment of the U.S. Economy, the minority business community.

  • Submitted on 19 February 2014

    Created on February 19, 2014
     

  • Submitted on 10 January 2014

    Created on January 10, 2014
     

    BlogsLooking for the information and tips to grow your business, here are the 15 most visited blogs on mbda.gov for 2013.

    Minority Entrepreneurs — Continuous Success with Angel Investors!

    Minority-owned businesses are the fastest growing business sector in the Nation, in terms of gross receipts and paid employees.[1] Yet, access to capital remains the biggest obstacle limiting their establishment, expansion and growth. While traditional funding remains the most sought after source of capital, alternative funding sources, such as angel investors, have proven successful for minority entrepreneurs.

    Performance Highlights: FY 2009-FY 2011

    The Minority Business Development Agency (MBDA), a job-creating agency, leads Federal efforts to promote the growth and global competitiveness of America’s minority business community. This summary includes a small portion of our overall accomplishments during the first three years of the Obama Administration.

    Do I really need a business plan?

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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