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  • Minority Business Opportunity to Participate On Industry Trade Advisory...
    Submitted on 20 November 2009

    The Industry Trade Advisory Committees (ITACs) play a critical role as industry’s voice in developing U.S. trade policy.  Through the ITACs, business leaders have an opportunity to work side-by-side with U.S. Government officials and trade negotiators in advising the Secretary of Commerce and the United States Trade Representative (USTR) on industry specific issues related to, among others:  market access, customs matters, foreign investment and intellectual property protection.

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  • New Department of Commerce Initiative to Aid American Businesses to Launch in...
    Submitted on 17 June 2009

    U.S. Commerce Secretary Gary Locke announced a new Obama Administration initiative designed to streamline government bureaucracy and bring services and solutions directly to businesses and entrepreneurs creating and sustaining jobs. Locke made his announcement at the Detroit Economic Club’s National Summit. The new initiative will be launched this summer in the Detroit area.

    Responding both to President Obama’s call to make government more responsive and a once-in-a-generation economic crisis, Locke initiated the effort after seeing how complicated it can be to navigate the alphabet soup of Commerce agencies and programs.

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  • Don’t STOP, follow this minority business all the way to success
    Submitted on 12 March 2009

    In 1972, Phil Archuleta started P&M Signs in the rural community of Mountainaire, New Mexico. Back then, Mr. Archuleta probably didn’t know his company would be one of MBDA’s first and longest-standing clients but now nearly 40 years later he’s seen his company grow substantially, more than doubling gross sales and hiring 30 new employees along the way.  

    Its minority entrepreneurs like Mr. Archuleta who inspired Representatives Mike Honda (D-CA), Nydia Velázquez (D-NY), Barbara Lee (D-CA) and Dale Kildee (D-MI) to sponsor a resolution (H. Res. 215) to recognize MBDA and its network of business centers’ accomplishments, highlighting the importance of minority businesses on our economy.

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  • MBDA Marks 40 Years Promoting Competitive Business Growth
    Submitted on 05 March 2009

    On March 5, 1969, President Richard Nixon established what is today called the Minority Business Development Agency (MBDA) at the U.S. Department of Commerce.  Over the last four decades, MBDA has promoted the establishment and growth of minority businesses in the United States.  MBDA is the only federal agency tasked with advancing the competitiveness of minority businesses and throughout the year will be highlighting those minority businesses that have benefited from MBDA programs and the people and communities it has impacted.

    MBDA prides itself on remarkable success.  In 2008, the Agency ranked as one of the top three bureaus within the U.S. Department of Commerce and touched more than 25,000 minority businesses, in turn, they created more than 5,000 new jobs.  In addition, MBDA programs generated $1.85 billion in terms of dollar value of contract and financial awards to minority businesses.

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Did you know...

The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
Graph for MBDA Client Portfolio made up by SGI Clients

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