Alejandra Castillo, Acting National Director, Minority Business Development Agency, U.S. Department of Congress, joined Josh Smith to take an in depth look at how minority businesses are considered the "critical engine" of the business community for economic growth.
She further shares that minority and small businesses must get the "business intelligence" and leverage opportunities for growth in servicing the government at local, state and federal levels, as well as various emerging industries and the global marketplace, to be successful in this arena.
Minority firms provide nearly 6 million Americans with sustainable jobs and build wealth in our communities, says Congresswoman Sheila Jackson Lee
Washington, DC – Congresswoman Sheila Jackson Lee released the following statement recognizing the 45th Anniversary of the Minority Business Development Agency (MBDA):
“For 45 years, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to a critical sector of the U.S. economy- our nation’s 5.8 million minority-owned firms. These companies contribute to local economies and provide much needed jobs for Americans of all backgrounds and cultures. They operate in urban centers and rural communities. As we commemorate the 50th Anniversary of the War on Poverty, it is minority-owned firms that are on the front lines.
“I applaud MBDA on its 45th Anniversary. Established by executive order, MBDA has worked tirelessly and diligently to promote the growth and global competitiveness of the minority business community. And the results speak for themselves. Over the last five years in particular, MBDA has assisted firms gain access to over $19 billion in contracts and capital resulting in the creation and retention of nearly 60,000 jobs. Since my election to Congress, I have worked closely with the Agency and its MBDA Business Center in Houston to bring hundreds of those jobs to Texas.