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Press Room July 2014
July 28, 2014
U.S. Deputy Commerce Secretary Andrews, MBDA National Director Castillo will also deliver remarks at event
WASHINGTON (July 28, 2014) —As part of the Minority Business Development Agency’s (MBDA) continued collaboration with the U.S. Small Business Administration (SBA), MBDA announced today that SBA Administrator Maria Contreras-Sweet will speak at the 2014 National Minority Enterprise Development (MED) Week Conference in Washington, D.C. on August 1. U.S. Deputy Secretary of Commerce Bruce Andrews and MBDA National Director Alejandra Y. Castillo will also speak during the conference.
As one of the longest running Minority Business Enterprise events in the United States, the National MED Week Conference recognizes outstanding achievements of leading minority entrepreneurs and organizations while positioning business owners for opportunities that drive growth.
MINORITY ENTERPRISE DEVELOPMENT WEEK, 2014
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BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
Exciting Opportunity to Expand Your Business in Asia
Secretary of Commerce Penny Pritzker will lead a Healthcare and Energy Business Development Mission to Asia with stops in Japan and South Korea from October 19-23, 2014. This business development mission will promote U.S. exports to Asia by helping U.S. companies launch or increase their business in the healthcare and energy sectors. In both countries, the governments and private sector are investing significant money to develop both sectors.
“One of our key functions at the Department of Commerce is to connect U.S. businesses with new opportunities to sell their products and services in markets with significant potential,” said Secretary Pritzker. “We see tremendous opportunities for U.S. businesses in Japan and South Korea, which have energy and health care needs that can be addressed by the goods, services, and expertise of our firms. This trade mission will help us continue to strengthen our economic and commercial ties in the Asia-Pacific region, which is a top priority for the Obama Administration.”
In both countries, the governments and private sector are investing significant money in developing their healthcare sector. In South Korea, the total market for drugs and medical device products combined is roughly $21 billion. In Japan, the over $150 billion market for these products represents the silver lining of the dark cloud of Japan’s aging population. Due to the lack of natural resources, both Japan and South Korea have long been dependent on imported energy sources to meet over its energy needs. For U.S. energy firms, Japan has a compelling need to find new energy sources, optimize the mix of energy imports and increase efficiencies in response to the March 2011 natural disasters and nuclear emergency, which led to the shutdown of Japan’s 48 nuclear facilities. Additionally, both near and long term opportunities exist in the South Korean energy sector.
July 9, 2014
WASHINGTON (July 9, 2014) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced the 2014 National Minority Enterprise Development (MED) Week Award winners – 13 organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community. MBDA will honor the winners during a special ceremony at the annual MED Week Conference on August 1 in Washington, D.C.
“This year’s MED Week awardees exemplify growth, diversity and transformation, and are true champions for the minority business community,” said Alejandra Y. Castillo, MBDA National Director. “We’re very proud of their tremendous achievements in helping grow the national economy through innovation, job and wealth creation.”