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Press Room November 2012
The Minority Business Development Agency join in paying tribute to the rich ancestry and traditions of Native Americans. In Fiscal Year 2011, MBDA assisted Native American-owned businesses with gaining access to $536 million in contracts and capital. This is a 62 percent increase over Fiscal Year 2010 levels. During the 3-year period of the Obama Administration, MBDA assisted 1,983 Native American owned businesses in obtaining $1.1 billion in contracts and capital—a 94 percent increase over the prior 3-year period.
The U.S. Commerce Department’s International Trade Administration’s (ITA) released the third edition of its Trade Finance Guide: A Quick Reference for U.S. Exporters today at the Finance, Credit and International Business Association (FCIB)’s 23rd Annual Global Conference.
“Since the publication of its first edition in 2007, the Trade Finance Guide has been an invaluable self-learning tool to America’s small and medium-sized businesses,” said Francisco Sánchez, Commerce Under Secretary for International Trade. “This tool helps American businesses of all sizes and in all sectors overcome one of their major export challenges: how to get paid, thereby turning their export opportunities into actual sales.”
This concise, easy to understand and use tool was created specifically for U.S. small and medium-sized enterprises (SMEs). Written in plain and easy-to-understand language, with each chapter only two pages long, the Trade Finance Guide has been widely distributed as a self-learning tool to exporters, as a counseling tool to financial institution professionals, and as an education tool for college professors teaching international business. The third edition includes a new chapter on consignment and government-backed agricultural export financing.
The Department of Commerce is currently seeking applications for appointment of 25 members of the Manufacturing Council (Council) for a two-year term to begin in fall 2012. The purpose of the Council is to advise the Secretary of Commerce on matters relating to the competitiveness of the manufacturing sector and to provide regular communication between Government and the manufacturing sector. The Manufacturing and Services division of the International Trade Administration oversees the administration of the Council and collaborates with Congress and other stakeholders to increase the global competitiveness of the U.S. manufacturing sector.