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News and Announcements


  • Submitted on 01 August 2011

    Download APR 2010In the 2011 State of the Union address, President Obama asked every American to take steps to ‘Win the Future’ by out-innovating, out-educating and out-building our global competitors. It is in the spirit of winning our future through the minority business community that I present to you the 2010 Annual Performance Report of the Minority Business Development Agency.

    The Minority Business Development Agency (MBDA) of the United States Department of Commerce is the only federal agency tasked to create new jobs by expanding the U.S. economy though the nation’s 5.8 million minority-owned and operated businesses. The minority business community accounts for over $1 trillion in economic output to the nation and provides nearly six million jobs for U.S. citizens.

    MBDA experienced record performance in 2010. The Agency created 6,397 new jobs by assisting minority-owned companies in obtaining nearly $4 billion in contracts and capital, an historic high. During the first two years of the Obama Administration, MBDA created nearly 11,000 new jobs and saved tens of thousands of existing jobs while helping minority-owned firms obtain nearly $7 billion in contracts and capital.

    The success of MBDA is directly attributable to the dedication of our management team, staff and business centers across the nation. During a year where minority-owned firms continued to face the duel challenges of restricted credit access and a slow domestic economy, we have been singularly focused on assisting minority-owned businesses grow. These businesses are particularly valuable to the economy because they create jobs in communities with high levels of unemployment. In addition, they make significant contributions to the national innovation base and represent a powerful long-term contributor to exports, as minority-owned businesses are twice as likely to export as non-minority owned businesses.

  • Submitted on 15 July 2011

    The Minority Business Development Agency (MBDA) inaugurated the Denver MBDA Business Center during an open house and reception held at the Denver Metro Chamber of Commerce Building on June 28, 2011.

    Denver Mayor Guillermo (Bill) V. Vidal, Congresswoman Diana DeGette (D-CO), along with corporate supplier diversity representatives, chamber members, government agency representatives, and a broad array of minority business owners were in the audience of more than 140 people for the launch of the MBDA Business Center.

  • Submitted on 15 July 2011

    Percent Change in the Number of Firms for Men and Women Owned Businesses by Race and Ethnicity: 2002 – 2007In 2007, minority-owned firms numbered 5.8 million, up from 4.0 million in 2002, an increase of 45.5 percent, more than double the 17.9 percent increase for all U.S. businesses, according to the U.S. Census Bureau's 2007 Survey of Business Owners. Receipts of minority-owned firms increased 55.0 percent to $1.0 trillion over the five-year period, compared with the 32.9 percent increase for all businesses nationwide. In 2007, more than one-fifth (21.3 percent) of the nation's 27.1 million firms were minority-owned.

  • Submitted on 28 June 2011

    U.S. Health and Human Services Secretary Kathleen Sebelius delivered the keynote address at the 2011 Minority Business Roundtable Annual Meeting in Washington, D.C. This year's meeting, held in support of the White House Initiative on Small Business Contracting, brings together small and minority business leaders from across the country. Secretary Sebelius addressed the benefits awarded to small businesses under the Affordable Care Act, enabling them to better ensure their employees and contribute to the overall health and prosperity of America’s workforce.

    Read the full transcript of Secretary Sebelius’s remarks

  • Submitted on 28 June 2011

    The path to contracting and financing for minority-owned business is widening with the new Denver Minority Business Center opening Wednesday.

    In April, the Rocky Mountain Minority Supplier Development Council won a five-year, $1.2 million grant from the federal government to establish the business center and foster economic growth of minority-owned businesses.

    The initial $243,359 award for this year is part of a $7.8 million grant awarded to 27 Minority Business Development Agency business centers across the country.

    The Development Council will house and operate the new business center in the Denver Metro Chamber of Commerce building at 1445 Market St.

  • Submitted on 28 June 2011

    The federal government awarded nearly $100 billion in federal contracts to small businesses in Fiscal Year (FY) 2010, showing an increase in federal prime contract dollars to small businesses for the second straight year after four years of decline.

    The U.S. Small Business Administration announced today that in FY 2010 (Oct. 1, 2009 – Sept. 30, 2010), small businesses won a record $97.95 billion in federal contracts, or 22.7 percent of eligible contracting dollars.  This marks the largest single year increase in more than five years, and is a significant improvement over FY 2009, when 21.9 percent of contracting dollars were awarded to small businesses.

  • Submitted on 22 June 2011

    SelectUSABusiness investment in America creates and supports millions of jobs, while generating economic growth and opportunities in communities throughout the United States.

    Today at the Business Round Table in Washington, D.C., we announced a new initiative – SelectUSA – the first-ever government-wide program to aggressively pursue and win new business investment in the United States by both domestic and foreign companies.

  • Submitted on 10 June 2011

    Group O, the optimization company that specializes in marketing operations, supply-chain and packaging solutions, is pleased to announce its sponsorship and participation in the White House Bi-State Minority Business Development Roundtable, organized by the Greater Quad Cities Hispanic Chamber of Commerce (GQCHCC).

    The event held yesterday at the i Wireless center featured keynote speaker Alejandra Castillo, national deputy director of the Minority Business Development Agency (MBDA), and involved the business community, including local, state, and federal government officials and agency representatives; Small Business Technical Assistance providers; Supplier Diversity & Procurement Officers; and other representatives.

  • Submitted on 09 June 2011

    Strengthening the economy domestically and internationally for small businesses is a big key to success, according to Alejandra Castillo, national deputy director of the Minority Business Development Agency, or MBDA.

    “We want small businesses to thrive and flourish,” she said this morning as the keynote speaker at the White House Bi-State Minority Business Development Roundtable at the i wireless Center, Moline. The event, hosted by the Greater Quad-Cities Hispanic Chamber of Commerce, also included roundtable discussions.

  • Submitted on 08 June 2011

    Mexicans are Largest Hispanic Group Nationwide and in 40 States

    On May 26, 2011 the U.S. Census Bureau released a 2010 Census brief on the nation's Hispanic population, which shows the Hispanic population increased by 15.2 million between 2000 and 2010 and accounted for more than half of the total U.S. population increase of 27.3 million. Between 2000 and 2010, the Hispanic population grew by 43 percent, or four times the nation's 9.7 percent growth rate.

    The Hispanic Population: 2010 brief looks at an important part of our nation's changing ethnic diversity with a particular focus on Hispanic origin groups, such as Mexican, Dominican and Cuban.

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