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Increased Funding to Continue Supporting the National Growth of Minority-Owned U.S. Businesses


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The Minority Business Development Agency (MBDA) promotes the ability of minority business enterprises (MBE) to grow and to participate in the global economy through a range of activities that include funding a network of centers that provide MBEs a variety of business assistance services. Through its direct federal client services and its network of funded centers, MBDA: (1) fosters the expansion of opportunities for minority-owned businesses in the global marketplace; (2) identifies sources of financial capital for minority-owned firms; (3) develops and upgrades electronic tools to provide access to growth markets through automated matching of MBEs to public and private sector opportunities; (4) provides management and technical assistance to minority-owned businesses; and (5) advocates for the increased use of electronic commerce and new technologies by MBEs.

In FY 2015, MBDA will continue to support the national growth and expansion of minority-owned U.S. businesses, with additional focus on minority business enterprise advanced manufacturing and export activity. This additional focus on minority-owned advanced manufacturing and export business activity reflects Department of Commerce strategic priorities for FY 2015.

MBDA will also continue to develop additional avenues by which it can leverage its resources while expanding the availability of services to MBEs. This includes the use of the Internet to establish information clearinghouses and national referral centers for minority-owned businesses of any size, which will provide a wider access to public and private business development resources. MBDA will also expand its automated matching capabilities related to all forms of contracting opportunities. MBDA will continue to rely on its nationwide network of funded centers to provide management and technical assistance, contract opportunities, and financial transactions for businesses that are minority-owned.

Summary of Appropriations

 

2013
Actual

2014
Enacted

2015
Estimate

Increase
(Decrease)

Appropriation
Minority Business Development

$27,472

$28,000

$28,286

$286

FTE
Minority Business Development

50

70

70

0

Highlights of Budget Changes

Appropriation: Minority Business Development

Summary of Requirements

 

Detailed

Summary

 

FTE

Amount

FTE

Amount

2014 Enacted
Adjustments to Base
Other Changes

 

 

70

$28,000

2014 Pay raise

$29

 

 

2015 Pay raise

89

 

 

Civil Service Retirement System (CSRS)

1

 

 

Federal Employees' Retirement System (FERS)

123

 

 

Thrift Savings Plan

5

 

 

Federal Insurance Contributions Act (FICA/OASDI)

25

 

 

Health insurance

17

 

 

Rent payments to GSA

38

 

 

HCHB Electricity

(9)

 

 

HCHB Water

8

 

 

HCHB Steam

(3)

 

 

NARA

1

 

 

Other services:
Working Capital Fund


214

 

 

General Pricing Level Adjustment

 

 

 

Transportation of things

2

 

 

Other services

21

 

 

Subtotal, Other Cost Changes

 

0

561

TOTAL, ADJUSTMENTS TO BASE

 

0

561

2015 Base

 

70

28,561

Inflationary Adjustment

 

0

(275)

2015 APPROPRIATION

 

70

28,286

Comparison by Activity

 

2014 Enacted

2014 Enacted

2015 Estimate

Increase / Decrease

DIRECT OBLIGATIONS

FTE

Amount

FTE

Amount

FTE

Amount

FTE

Amount

Minority Business Development

70

$28,000

70

$28,561

70

$28,286

0

($275)

TOTAL DIRECT OBLIGATIONS

70

28,000

70

28,561

70

28,286

0

(275)

REIMBURSABLE OBLIGATIONS

0

0

0

0

0

0

0

 

TOTAL OBLIGATIONS

70

28,000

70

28,561

70

28,286

0

(275)

FINANCING

 

 

 

 

 

 

 

 

Unobligated balance, start of year (Direct)

 

 

 

 

 

 

 

 

Offsetting collections from:

 

 

 

 

 

 

 

 

Federal funds

 

0

 

 

 

0

 

 

Subtotal, financing

0

0

 

 

0

0

 

 

TOTAL BUDGET AUTHORITY/ APPROPRIATION

70

28,000

 

 

70

28,286

 

 

Highlights of Program Changes

 

Base

Increase/Decrease

 

FTE

Amount

FTE

Amount

Inflationary Adjustment

70

$28,561

0

-$275

MBDA has $561,000 in adjustments-to-base (ATBs) and requests funding of $286,000 to partially cover these costs. The remaining $275,000 will be offset by managing on-going administrative savings, managing the backfilling of vacated positions due to attrition, and carefully monitoring all travel and training.

Performance Indicators

(Dollars reflects obligations in Millions and includes reimbursable amounts)

The following table shows the Indicators that MBDA uses to gauge its performance. A more detailed description of these
Indicators may be found in the MBDA section of the Department of Commerce budget.

 

2013 Actual

2014 Enacted / Targets

2015 Estimate / Targets

TOTAL FUNDING

$27.5

$28.0

$28.3

Goal: Trade and Investment

Department of Commerce Strategic Objective 1.2: Increase U.S. exports by broadening and deepening the U.S. exporter base

Dollars leveraged through contract and financing awards by minority business enterprise export activity NA NA $ 28M
Number of job opportunities created or retained incident to minority business enterprise export activity NA NA 1,000

Goal:  Innovation

Department of Commerce Strategic Objective 2.2:  Increase the capacity of U.S. regional economies to accelerate the production of value-added goods and services by providing services to and investments in businesses and communities

Dollar value of contract awards leveraged incident to minority business enterprise advanced manufacturing activity    

$ 1B

Dollar value of financial awards leveraged incident to minority business enterprise advanced manufacturing activity    

$ 50M

Number of new job opportunities created or retained incident to minority
business enterprise advanced manufacturing activity
   

2,500

MBDA Performance Goal

     

Dollar value of contract awards to minority business enterprises

$3.2B

$2.0B

$2.0B

Dollar value of financial awards obtained

$1.6B

$1.0B

$1.0B

Number of new job opportunities created

10,931

7,500

7,500

» Download U.S. Department of Commerce’s Fiscal Year 2015 budget request.

» Download MBDA Budget in Brief

» The President's Budget for Fiscal Year 2015

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