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About this Center
The MBDA Business Center of Pennsylvania, a contract from the U.S. Department of Commerce operated by The Enterprise Center (TEC), is the region’s leader in minority business development. MBC-PA has generated over $290 million contracts and financing, as well as created hundreds of jobs since 2004, when TEC was initially awarded the federal contract from the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). These contracts represent significant business activity for minority-owned firms in the Greater Philadelphia region.
A unique approach to assessment, service delivery, and continuous improvement has allowed MBC-PA to secure key allies such as Disney Studios, Sovereign Bank, and CB Richard Ellis. Working with its banking partners, MBC-PA has facilitated over $30 million in financial transactions for its clients. MBC-PA has been integral in positioning firms for contracts by helping entrepreneurs develop business plans, secure financing and craft marketing strategies.
In FY2011, MBDA helped Pennsylvania minority-owned businesses obtain 11 contracts totaling $24,424,897 and $26,998,000 in capital through 22 financial transactions.
For clients with gross annual revenues of $500,000 or more, the MBDA Business Center completed 22 transactions totaling $48,072,897.
For clients with annual gross revenues below $500,000, the MBDA Business Center completed 11 transactions totaling $3,350,000.
MBDA assisted Pennsylvania minority-owned businesses in creating 267 new jobs in FY2011.
Core Business Services
|Global Business Development|
Services include identification of export markets, facilitation of global transactions, international trade missions and market analysis, and overseas market promotion assistance.
|Access to Capital|
Services include identification of domestic and global financing opportunities, equity financing, brokerage of financial transactions, identification and closure of merger and acquisition transactions.
|Access to Contracts|
Services include identification of procurement opportunities, solicitation analysis, bid and proposal preparation, negotiation and closing, research contract award histories.
|Access to Markets|
Services include government procurement assistance, private sector contract identification and specialized certification assistance including 8(a), and assistance with market research.
|Strategic Business Consulting|
Services include sales consulting and forecasting, market feasibility studies, operations management and quality control, bid preparation and bonding (construction), and manufacturing facility leasing.