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  • 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?

  • Submitted on 08 January 2014

    Created on January 8, 2014
     

    Statement by the President on the 50th Anniversary of the War on Poverty

    Fifty years ago, in January of 1964, President Lyndon B. Johnson declared a “War on Poverty” and introduced initiatives designed to improve the education, health, skills, jobs, and access to economic resources of those struggling to make ends meet.

  • Submitted on 10 December 2013

    Created on December 10, 2013
     

    St. Louis Mayor Welcomes the Opening of the St. Louis MBDA Business Center

    Mayor Francis Slay announced the opening of the St. Louis MBDA Business Center and said the center will increase financing and contract opportunities for minority business enterprises and help foster ties with major corporations.

    » Read More: $900,000 Grant Going To Minority Business Enterprises In St. Louis Region

    Maryland Congressional Delegation Announce Baltimore Awarded Money to Open MBDA Business Center

    U.S. Senators Ben Cardin and Barbara A. Mikulski along with Representatives Elijah Cummings, C.A. Dutch Ruppersberger and John Sarbanes (all D-Md.) announced that Baltimore was awarded $900,000 to operate a MBDA Business Center.

    » Read More: Baltimore awarded $900K grant to establish Minority Business Development Agency Business Center

  • Submitted on 06 December 2013

    Created on December 6, 2013
     

    2013 MED Week AwardeesIn observance of Minority Enterprise Development (MED) Week, as proclaimed by President Barrack Obama, the Minority Business Development Agency (MBDA) recognized the 2013 National MED Week Award winners at the U.S. Department of Commerce on Dec. 2.  The 12 winners represented organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community.  U.S. Secretary of Commerce Penny Pritzker presented the awards during the private ceremony. 

    “I am pleased to recognize and personally congratulate the 2013 National Minority Enterprise Development Week Award winners,” said Secretary Pritzker. “Helping American businesses grow and create jobs is the key focus of the Commerce Department’s ‘Open for Business Agenda,’ and today’s award recipients are playing a critical role in those efforts by helping minority-owned businesses innovate, expand and thrive.”

    Winners were selected for the following awards: Ronald H. Brown Leadership Award; Champions of Minority Business Development; and Minority-Owned Firms. The awards are designed to celebrate and recognize outstanding achievements of minority entrepreneurs based on the challenges the business has overcome, total revenues, total jobs created and the economic impact the business has had on the community. MBDA also recognizes individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

  • Submitted on 21 November 2013

    Created on November 21, 2013
     

    The 2013 Rainbow PUSH Coalition & Citizen Education Fund Public Policy Institute & Media and Telecommunications Symposium was held Nov. 15 at the Capital Hilton Hotel in Washington, DC.

    The annual event titled “The Future of Media: Policies, People and Players,” presented cutting edge information about racial diversity in the media landscape and how to think more broadly about media policy. It also covered recent strides in telecommunications and how to bridge the “digital divide.”

    “The information shared during this symposium is necessary for all Americans to know, as we seek to change the tide to a multi-cultural, multi-racial progressive agenda,” said Martin King, Chairman, Rainbow PUSH Coalition. “We want those attending to go back to their communities and spread a message of hope and responsibility.”

    Kimberly Marcus, Associate Director for the Office of Legislative, Education & Intergovernmental Affairs at the Minority Business Development Agency (MBDA), was one of the panelists in the “Tele-everything: Broadband and Remote Access to Energy, Health and the Economy,” session.

  • Submitted on 08 November 2013

    Created on November 8, 2013
     

    Retired U.S. ArmyEvery day I go to work wearing a small pin on my coat’s lapel. The pin is black and gold with a white star in the center. Although the pin is no larger than half an inch, it represents more than 26 years of military service.

    I retired from the U.S. Army approximately one and a half years ago. Leaving the organization that I credit with instilling tremendous values in me was the hardest thing I’ve ever done in my life. Honestly, I was petrified to leave and face a world outside of the disciplined parameters that made up my Army life.

    I admit I had a complete military career. I served in numerous overseas deployments. I served as a mentor, a leader and I had great mentors and leaders who will forever be a part of my life as well. So, in reality, I was ready to move-on and share my knowledge as a veteran in another capacity.

  • Submitted on 04 November 2013

    As we celebrate Native American Heritage Month the Minority Business Development Agency would like to pay tribute to the rich ancestry and traditions of Native Americans. While we take great pride in honoring their many accomplishments and contributions to American society, I want to highlight their contributions to the U.S. economy and the minority business community. Here are some quick facts about the Native American business community:

    • There are 236,000 Native American-owned firms in the U.S.

    • 10 percent have paid employees (average 8 per firm), and over $1.2 million in annual receipts.

    • This sector generates $34.4 billion in annual economic output.

    • Native American-owned firms employ 185,000 workers.

    MBDA continues to invest in Indian Country to support job creation and economic development through the operation of MBDA Business Centers in states with large American Indian populations. MBDA now has six centers addressing the unique economic challenges and opportunities in Indian Country. The centers are located in Alaska, California, Connecticut, North Dakota, New Mexico, and Oklahoma.

  • Submitted on 04 November 2013

    MBDA Business CenterThe Phoenix MBDA Business Center will partner with the Thunderbird School of Global Management on November 21 to host its first Global Business Conference. The idea began as the result of a casual conversation between Alika Kumar, Project Director of the Phoenix MBDA Business Center and a former professor. They both saw the need to ensure that the Arizona minority-owned business community is informed about the business opportunities that exist outside of the U.S.

    As ideas evolve, so have the topics that will be covered during the conference.  Among the scheduled sessions are: The Future and Why You Cannot Ignore It (International Trade Administration); Building International Partnerships; and The Nuts & Bolts of Doing Business Abroad.  Ms. Kumar’s goal is to reach out to Arizona minority-owned businesses and anyone else interested in increasing their exports. The conference is highly anticipated with experts from the Thunderbird School of Global Management, U.S. Export Assistance Centers (International Trade Administration), the Minority Business Development Agency, EXIM Bank of the U.S., Bank of America, and the Arizona International Growth Group.

  • Submitted on 04 November 2013

    Created on November 4, 2013
     

    David A. HinsonDavid A. Hinson, MBDA National Director, was selected as one of Diversity Plus magazine’s 2013 Top 30 Champions of Diversity.  Hinson was selected for his demonstrated leadership, and for going above and beyond to mentor and assist with the growth of minority-owned firms. Diversity Plus acknowledged the fact that since the start of the Obama Administration, MBDA has helped minority-owned businesses access $14.6 billion in contracts and capital (through fiscal year 2012). This represents a 108 percent increase over the prior administration. The Agency’s clients have also created and saved nearly 40,000 jobs, making the four years under Hinson’s leadership the best performing years in MBDA’s 44-year history.

    Visit Top 30 Champions of Diversity to see the other champions. 

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