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  • Submitted on 25 October 2013

    Created on October 25, 2013
     

    Castillo at Hispanic Heritage Foundation The Hispanic Heritage Foundation held their first Hispanic Business Community Awards celebration Oct. 23 at the Capital One Bank headquarters in McLean, Va. The awards recognized the impact of Latino business leaders on the Greater Washington, DC community.

    Alejandra Y. Castillo, MBDA National Deputy Director, was one of five awardees honored at the event. Castillo received the Public Service Leadership award.

    “I’m very honored to receive this award,” she said. “I have a rewarding job where every day I come to work and have the unique privilege of honoring my father. He emigrated from the Dominican Republic and started his own business. That’s what inspires me to help minority-owned companies grow their own business.”

    U.S. Secretary of Commerce Penny Pritzker also congratulated Castillo on the recognition.

    “I am happy to congratulate MBDA National Deputy Director Alejandra Y. Castillo on receiving the Hispanic Business Community Award for Public Service Leadership,” said Pritzker. “The Hispanic Heritage Foundation’s recognition of Ms. Castillo’s leadership and critical work is a testament to the service and dedication of our Commerce Department employees.”

  • Submitted on 01 October 2013

    Created on October 1, 2013
     

    Annual funding for the government expired on September 30. The Administration strongly believed that a lapse in funding should not occur. The Department is prepared for a lapse in funding that would necessitate a significant reduction in operations. Prior to a potential lapse in funding, the Office of Management and Budget (OMB) required the Department to submit a draft plan for agency operations (PDF) in the absence of appropriations (a “shutdown plan”).

    The plan may be modified with additional guidance from the Office of Personnel Management and OMB, and may be changed by the Department, as circumstances warrant. This plan (PDF) complies with the guidance provided by the Office of Management and Budget, the Department of Justice and the Department of Commerce. All employees who are Presidentially Appointed, Senate Confirmed will remain on duty.

  • Submitted on 12 September 2013

    Created on September 12, 2013
     

    Thanks to innovative technologies and manufacturing methods, coupled with the need to reduced usage and costs, cities today have a variety of street and byway lighting options.  The city of Oakland, California is switching to light emitting diode lighting (LED), and chose Amland Corporation of San Jose to replace 30,000 high pressure sodium street lights with what promises to be energy efficient and long-lived LEDs. This project will illuminate 800 miles of city streets — the equivalent of 450 square miles.

    Amland’s president, Kevin Phan, is excited about the project, both for the sake of his firm and the benefits LED technology has for the larger community.  An immigrant from Vietnam, Mr. Phan came to the United States in 1982 and went to work for CalTrans, where he developed his interests in electrical contracting and civil transportation engineering.

  • Submitted on 12 September 2013

    Created on September 12, 2013
     

    FY2012 Capital and Contracts for Hispanic-American Firms

    Hispanic-owned firms contribute greatly to U.S. exports, which are a critical component of our Nation’s economic growth. The percentage of Hispanic American-owned firms that export (7.2 percent) is more than double that of all U.S. firms. Hispanic American-owned firms export an average of $2.3 million in annual receipts, compared to their non-exporting counterparts, who average $124,000.

    As we observe Hispanic Heritage month, which runs from Sept. 15 – Oct. 15, it is important to recognize the many contributions Hispanic-owned businesses have made to the U.S. economy:

    • There are 2.6 million Hispanic American-owned firms in the U.S.;

    • Eleven percent have paid employees (averaging eight per firm), and over $1.1 million in annual receipts;

    • Hispanic-owned businesses generate $351 billion in annual economic output; and

    • Hispanic-owned firms employ 1.9 million people each year.

    One example of a successful Hispanic-owned business is TIG/m, a California railcar manufacturer, which generates 100 percent of its revenue from exports. Alvaro Villa, who came to America as a teenager, founded TIG/m after a career with Disney, where he established a worldwide reputation for building quality robotic amusement rides and attractions. As trains are an integral part of most amusement park attractions, his transition to railcars came quite naturally.

  • Submitted on 15 August 2013

    Created on August 15, 2013
     

    Mobile MBDA Business Center Holds Forum to Help Minority Business Owners

    Alabama StampStriving to help the Gulf Coast’s minority-owned businesses succeed, the Mobile MBDA Business Center held their first Gulf Coast Economic and Industry Development Forum at the Mobile Area Chamber of Commerce on July 26.

    The event provided a platform for government, financial, community, and business leaders to discuss the successes and challenges of the minority business community, and to formulate new strategies to ensure their growth and global competitiveness.

    “In the 15 states represented by the Southern Office of the Council of State Governments, there are more than 1.5 million minority-owned businesses,” said Pamela Ramos, Mobile MBDA Business Center’s executive director. “Our forum gave minority-owned businesses an opportunity to find ways of networking and access to capital—two of the biggest hurdles they face in their path to success.”

  • Submitted on 17 July 2013

    Created on July 17, 2013
     

    MBDA LeadershipNewly appointed Commerce Secretary Penny Pritzker visited Minority Business Development Agency (MBDA) employees during their staff meeting Monday.

    During the visit, Secretary Pritzker talked to MBDA staff about her commitment to supporting the Agency’s mission of helping minority-owned businesses grow and create American jobs.

    The secretary, who was familiar with MBDA’s work prior to joining Commerce, commended the agency on their recent annual performance report, and told employees that she looks forward to working with them to further the department’s mission.

    During her recent address to the Commerce workforce, Secretary Pritzker emphasized she would work every day – 24/7 – to ensure that everyone in Washington, DC, across the country and around the world knows the great work agencies and employees are doing.

  • Submitted on 10 July 2013

    Created on July 10, 2013
     

    About 15 miles inland from the Pacific Ocean, in the largest city on the West Coast, is MBDA’s Los Angles Business Center.

    To meet the diverse needs of their clients, the Los Angeles MBDA Business Center staffs two offices. One office is located on the campus of the University of Southern California and allows clients to benefit from the resources of academia. While the second office, located at city hall in the Los Angeles Mayor’s Office of Economic and Business Policy, brings clients closer to the connections of local government and private industry. Their unique service model continues to yield tremendous results in providing the Los Angeles minority business community with valuable business resources including access to contracts and capital.

    One of the highlights of the LA MBDA Business Center is its Annual Minority Business Award Program, which was recently held at City Hall. Beginning in 1995 and continuing every year since then, this year’s awards ceremony recognized industry leaders that play a role in building the economy through job creation.

  • Submitted on 10 July 2013

    Created on July 10, 2013
     

    WebinarJoin the first global webinar on July 24th!

    MBDA has partnered with the International Trade Administration (ITA) to offer a global webinar series. We invite you to take a closer look at exporting, increase your knowledge of various export markets, and learn how to leverage the resources of the federal government.

    The 2013 Global Webinar Series’ topics include:

    • July 24: How to Meet International Buyers - In this webinar you will learn about U.S. government programs to help you identify buyers and generate sales. Learn about customized market research, B2B matchmaking, as well as how to leverage the best trade shows. Download Powerpoint Slides

    • July 31: How to Write an Export Plan - Most small exporters don’t have a written plan.   They should. Get tips on how to write a simple, effective export plan with a step-by-step prioritized to-do list. Download Powerpoint Slides

    • August 7: How to Identify International Markets for your Products - Learn a rigorous yet easy to apply process for selecting and prioritizing international markets. Discover the best sources of market intelligence and how to interpret and apply it to meet your business objectives. Download Powerpoint Slides

    • August 21: How to Finance your Exports and Get Paid - Learn about programs that provide export finance and insurance, as well as popular methods of payment that will lower risk while increasing your competitiveness. Download Powerpoint Slides

    • September 11: How to Ship your Products - Learn about common export documents and how to comply with U.S. and foreign regulations.

  • Submitted on 26 June 2013

    Created on June 26, 2013
     

    Celebrated since 1963, National Small Business Week recognizes the contributions of America’s entrepreneurs and small business owners. Entrepreneurship is an integral part of our country’s DNA and increasing numbers of minorities are becoming entrepreneurs. However, starting a business can be challenging in that the majority of small- to medium-sized businesses often lack access and visibility to helpful resources.

    Through a national network of nearly 40 business centers and a wide range of domestic and international strategic partners, the Minority Business Development Agency provides minority-owned businesses with technical assistance and access to capital, contract opportunities and new markets to create new jobs and support the economy. Nationwide MBDA Business Centers help provide heightened visibility and access to valuable opportunities for minority-owned firms through partnerships with multi-national corporations, industry coalitions, and government agencies.

    For Kevin Robinson, CEO of RFS Group, LLC, in Indianapolis, IN, hard work and determination helped get his full service janitorial company off the ground. However, taking the business to the next level required some help. Robinson contacted the MBDA Business Center in Indianapolis for direction. The Center provided Robinson with procurement assistance and business counseling. As a result, RFS secured several contracts valued at $16,700, and it was able to hire eight additional employees. Within six months of partnering with the Center, RFS saw its revenues increase by 10 percent.

  • Submitted on 14 June 2013

    Created on June 14, 2013
     

    Recently MBDA announced a grant competition to operate MBDA Business Centers in Baltimore, Houston, New York City, San Francisco, St. Louis and Washington, D.C., as well as one additional city with a large American Indian and Alaska Native population.  The successful applicants will join a network of around 40 MBDA Business Centers across the United States and Puerto Rico.

    The business centers provide strategic consulting services to minority-owned firms that aim to create and retain American jobs through business growth. MBDA Business Centers have had notable success in increasing public and private sector contracts and capital investments obtained by minority-owned firms. Successful applicants to this grant competition are also expected to foster global business expansion by promoting export opportunities.

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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