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News and Announcements


  • Submitted on 14 April 2014

    Washington, D.C. – The Minority Business Development Agency (MBDA) and the Export-Import Bank of the United States (Ex-Im Bank) have announced an expansion of their partnership to help small minority- and women-owned export businesses obtain loans so they can have greater access to foreign markets.

    MBDA Business Centers in Miami, Los Angeles, Detroit, and Phoenix can now process loan applications for export financing as Originators for the Ex-Im Bank’s Global Credit Express program, designed to help small businesses that do not enjoy access to conventional financing markets.

  • Submitted on 11 April 2014

    Purpose

    Small businesses often struggle to find available credit. Building on previous literature, this research analyzes what factors, including business credit scores, may explain credit outcomes (approvals or denials) for small businesses. It further asks what role business credit scores might play in the credit outcomes of women- and minority-owned small businesses.

    Background

  • Submitted on 09 April 2014

  • Submitted on 04 April 2014

    Alejandra CastilloAlejandra 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.

     

    » Listen to the discussion

  • Submitted on 21 March 2014

    Baltimore Open House Ribbon CuttingBALTIMORE, MD. (March 21, 2014) —Today, Mayor Stephanie Rawlings-Blake joined U.S. Congressman Elijah E. Cummings, Alejandra Castillo, acting national director of U.S. Department of Commerce's Minority Business Development Agency (MBDA) and many other distinguished guests, to launch the MBDA Business Center – Baltimore, made possible through a three-year, $900,000 grant that was awarded in September 2013. Baltimore is the only municipality to be awarded this grant.

  • Submitted on 05 March 2014

    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):

  • Submitted on 05 March 2014

     

  • Submitted on 04 March 2014

    As part of a government collaboration to prepare and place workers facing long-term unemployment into good jobs in high-demand industries, the Department of Labor announced yesterday the availability of approximately $150 million in grants as part of the “Ready to Work Partnership.”  Three weeks ago, President Obama signed a federal employer commitment and issued a Presidential Memorandum to address the issue of long-term unemployment and ensure that those who have been out of work for long periods of time are given a fair shot. The memorandum underscored the need for American workers to have the resources and training needed to acquire in-demand job skills.

  • Submitted on 03 March 2014

    Last week the Minority Business Development Agency (MBDA) and the International Trade Administration (ITA) hosted a live stream event commemorating Black History Month.

    We brought together successful African American CEOs, who shared their journey as entrepreneurs, lessons learned, and insights on international commerce. Government officials from MBDA and ITA also highlighted our strategic outreach efforts to promote the commercial benefits of trade and investment to the minority business community. We want to pass along some additional resources to help you grow your business.

  • Submitted on 19 February 2014

    Global Header

    Event DetailsIn recognition of the significant contributions made by all minority-owned firms in the U.S. economy, the International Trade Administration (ITA) and the Minority Business Development Agency (MBDA) will co-host a CEO Fireside Chat in commemoration of Black History Month.

    Complete the form to join us as we celebrate the accomplishments of successful African American CEOs by hearing firsthand from these leaders about the importance of international commerce and how it directly impacts U.S. business operations.

    The live stream event will also highlight the launch of the new ITA/MBDA strategic outreach program that promotes the commercial benefits of trade and investment to the minority business community.

    America is Open for Business

    Expanding your business through exporting is more viable today than ever before. If you have a good track record of selling in the United States, one of the most open and competitive markets in the world, you are likely a good candidate for international sales!

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