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News and Announcements


  • Submitted on 26 November 2013

    Saturday, November 30, 2013 is Small Business Saturday® – a day to celebrate and support small businesses and all they do for their communities.  Please join MBDA and organizations across the country in supporting your local small business by shopping at a small business.

    This Saturday support, the local small businesses that create jobs, boost the economy and preserve neighborhoods around the country. First there was Black Friday, and then Cyber Monday, and now Small Business Saturday® to help drive shoppers to America's job creators. Small businesses have generated 64 percent of net new jobs over the past 15 years and employ over half of all private sector employees.

    Started in 2010, Small Business Saturday has boosted holiday sales for Main Street businesses around the country.  Last year, nearly 70 million people shopped small in their communities for an estimated $5.5 billion in sales to independently-owned small businesses. This year, we can do even more.

  • Submitted on 20 November 2013

    Over the last thirty years, the MED Week brand and conference format has been broadly accepted and synonymous with quality support for the development and recognition of minority-owned firms.  MED Week is more than just an event, for MBDA it is a part of our core mission to promote the growth and global competitiveness of minority-owned businesses. This year we will not host a National MED Week conference.   

    A private ceremony was held at the U.S. Department of Commerce in Washington, DC honoring the 2013 National MED Week award winners. We invite you to continue to celebrate the spirit and traditions of MED Week through honoring our leaders in the minority business community today and every day.

  • Submitted on 02 August 2013

    MBDA’s newest excitement on Doing Business in Africa is its upcoming representation by our National Director David Hinson at the U.S.-Sub-Saharan Africa Trade and Economic Cooperation Forum (AGOA Forum) in Addis Ababa, Ethiopia!

  • Submitted on 26 July 2013

    Nigeria is among the ten fastest growing economies in the world, featuring an impressive growth rate of 7.5% over the past five years! At MBDA, we are opening new markets for U.S. minority-owned companies to take advantage of trade and investment opportunities in Nigeria, which is recognized as one of the main drivers of international trade in West Africa.

  • Submitted on 28 February 2013

     

    Abraham Venable, GM’s Envoy to Black-Owned Business, Dies at 82

    Abraham VenableAbraham S. Venable, who oversaw General Motors Corp.’s outreach to black-owned businesses during the 1970s and 1980s after what he called a frustrating attempt to get government to help them, has died. He was 82.

    He died on Feb. 21 at an assisted-living facility in St. Paul, Minnesota, according to his son, Douglas. The cause was congestive heart failure.

    As GM’s head of urban affairs, a post he held from 1971 to his retirement in 1990, Venable coordinated the Detroit-based company’s programs to increase its business with minority-owned banks, insurers, suppliers and dealerships. GM was then the world’s largest automaker.

    He also was vice president of a GM unit known as a Mesbic, or Minority Enterprise Small Business Investment Co., which functioned as a lender to minority-owned businesses.

  • Submitted on 03 January 2013

    Fiscal Year (FY) 2012 was an extremely productive year at MBDA and we are excited to share some of our many achievements. We’ve completed a major organizational restructuring that enabled us to increase funding to MBDA Business Centers.  We also launched several “specialty” MBDA Business Centers including: the Atlanta MBDA Business Center, which is now staffed to provide expert guidance for minority-owned businesses in the healthcare technology and advanced manufacturing industry sectors; the San Antonio MBDA Business Center that has expanded their services to include expertise in exporting to Latin America; and the MBDA Federal Procurement Center, the first MBDA Business Center to solely focus on federal contracting.

  • Submitted on 29 August 2011

    Online Registration

    The Minority Business Development Agency, in partnership with the U.S. Small Business Administration, announced the opening of registration for the 2011 Minority Enterprise Development Week (MED Week) Conference, which will be held Sept. 27-30 at the Marriott Wardman Park Hotel in Washington, D.C.  

  • Submitted on 15 July 2011

    John Fernandez, Assistant Secretary for Economic DevelopmentMayors across the country are working hard to strengthen local economic ecosystems, given the economic challenges cities face today.

    As a former Mayor myself, I understand those challenges – How do we create more jobs? How do we attract new businesses? How do we enhance our workforce? And equally as important, how do we leverage the state and federal resources that may be available to help us achieve our economic goals and objectives?

    The Obama administration understands these challenges and knows that cities play a vital role in strengthening our nation’s economy.  

    We are finding ways to be a better partner, and that is why today the administration launched the Strong Cities, Strong Communities (SC2) initiative in Fresno, Calif., and five other cities: Chester, PA; Cleveland, OH; Detroit, MI; Memphis, TN; and New Orleans, LA.

    We know that development happens from the bottom up - that the best ideas come from America’s communities. Whether investment comes from the federal government, states, the private sector, or ideally all of the above, resources do more good when they serve a well-developed, robust plan.
     

  • Submitted on 15 July 2011

    The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) hosts a symposium on the Living Cities Integration Initiative. On July 7, 2011 the U.S. Department of the Treasury hosted a symposium to discuss economic revitalization through investment in community development financial institutions (CDFIs).

    The event was a partnership between the Treasury’s Community Development Financial Institutions Fund and Living Cities, and the focus was on the role of CDFIs in the Living Cities Integration Initiative

    The CDFI Fund supports financial institutions that provide loans, investments, and technical assistance to underserved communities. Since its creation has awarded $1.11 billion to community development organizations and financial institutions. It has awarded allocations of New Markets Tax Credits, which will attract private-sector investments totaling $26 billion, including $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone.

  • Submitted on 27 August 2010

    On behalf of the Minority Business Development Agency we extend our sincere thanks to you for supporting our MED Week 2010.  We had a phenomenal time and we hope you did too.

    We look forward to seeing you at our conference next year

    View available conference presentations.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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