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News and Announcements

  • Submitted on 13 July 2012

    The U.S. Commerce Department today announced it is accepting public comments on a proposed policy, “Tribal Consultation and Coordination Policy for the U.S. Department of Commerce,” establishing how Commerce consults with federally-recognized Indian tribes on policies that have tribal implications. These consultations promote Commerce’s mission in part by supporting strong and stable tribal economies able to participate in today’s national and global marketplace. The proposed policy responds to President Obama’s 2009 White House Memorandum and the 2000 Executive Order 13175 by reaffirming the unique government-to-government relationship between the Federal Government and Indian tribal governments.

    “The Obama administration recognizes the government to government relationship with American Indians and Alaska Natives and is committed to ensuring these individuals remain an integral part of policy-making decisions,” said Commerce Senior Advisor on Native American Affairs, Dee Alexander. “This policy further codifies Commerce’s efforts to support job creation and economic stability in Indian country so that American Indians and Alaska Natives have the tools they need to grow and compete globally.”

  • Submitted on 13 July 2012

    The U.S. Small Business Administration (SBA) has joined with the Department of Veterans Affairs (VA) and the Department of Defense (DoD) to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs.  Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. The announcement was made today by U.S. Small Business Administrator Karen Mills and U.S. Marine Corps representatives at Quantico, VA. 

  • Submitted on 30 May 2012

    Comment Submission Period is Closed.

    The Minority Business Development Agency (MBDA) publishes this notice regarding the petition received on January 11, 2012 from the American-Arab Anti-Discrimination Committee (ADC) requesting formal designation of Arab-Americans as a minority group that is socially or economically disadvantaged pursuant to 15 CFR Part 1400.

  • Submitted on 29 May 2012

    The Obama Administration today announced a $26 million multi-agency Advanced Manufacturing Jobs and Innovation Accelerator Challenge to foster innovation-fueled job creation through public-private partnerships. These coordinated investments will help catalyze and leverage private capital, build an entrepreneurial ecosystem, and promote cluster-based development in regions across the United States. This is the third round of the Jobs Accelerator competition, which is being funded by the U.S. Department of Commerce’s Economic Development Administration (EDA) and National Institute of Standards and Technology (NIST); the U.S. Department of Energy; the U.S. Department of Labor’s Employment and Training Administration; the Small Business Administration; and the National Science Foundation (NSF).

    “This $26 million Accelerator Challenge is yet another example of the Obama Administration’s commitment to supporting American manufacturers in building things here and selling them everywhere,” said U.S. Commerce Secretary John Bryson. “We are so pleased to join with our federal agency partners to further strengthen the American manufacturing sector, which creates high quality, good paying jobs. Commerce’s Economic Development Administration has a strong record of investing in regional innovation clusters that foster the job creation and business development crucial to an economy that is built to last. This Challenge further bolsters our efforts and builds on the momentum we have seen in the manufacturing sector in recent months, including the 489,000 U.S. manufacturing jobs that have been added since January 2010.”

    Advanced manufacturing is critical to the health of the national economy and provides essential goods and equipment directly to consumers as well as to a wide range of industries, including the energy production, agriculture, medical and computing industries, and the security and intelligence sectors.

  • Submitted on 29 May 2012

    $26 Million Multi-Agency Advanced Manufacturing Jobs and Innovation Accelerator Challenge

    The Obama Administration announces a $26 million Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a partnership between the U.S. Department of Commerce’s Economic Development Administration and National Institute of Standards and Technology, the U.S. Department of Energy, the U.S. Department of Labor’s Employment and Training Administration, the Small Business Administration, and the National Science Foundation. This initiative will assist the development and implementation of regionally-driven economic development strategies that support advanced manufacturing and cluster development. In addition to the six partnering agencies, the initiative will leverage technical assistance from up to eight other Federal agencies.

  • Submitted on 15 May 2012

    The federal government issued on May 9 a solicitation for proposals from teams led by non-profit organizations or universities to establish an Additive Manufacturing Innovation Institute, which would serve as a pilot—or proof-of-concept prototype—for President Obama's proposed National Network for Manufacturing Innovation (NNMI).

  • Submitted on 08 May 2012

    Immigrants make a significant contribution to business ownership and formation, according to a new study from the Office of Advocacy. Immigrant Entrepreneurs and Small Business Owners, and their Access to Financial Capital found that 10 percent of immigrants own a business. Nearly 20 percent of immigrant-owned businesses started with $50,000 or more in startup capital, compared to 15.9 percent for non-immigrant-owned business. The study uses data from the 2007 U.S. Survey of Business Owners and the 1996-2010 Current Population Survey.

    “Immigrant entrepreneurs are essential to our nation’s growth and economic prosperity,” said Chief Counsel for Advocacy Winslow Sargeant. “Immigrant entrepreneurs make our nation more competitive and serve as reminders of the American dream.”

    The most common source of startup capital for immigrant-owned businesses is personal or family savings, with roughly two-thirds of businesses reporting this source of startup capital. Other commonly reported sources of startup capital by immigrant-owned businesses are credit cards, bank loans, personal or family assets, and home equity loans. Overall, the sources of startup capital used by immigrant-owned businesses do not differ substantially from those used by non-immigrant-owned firms.

  • Submitted on 08 May 2012

    Quarter by quarter, small businesses with fewer than 500 workers continued to outperform large firms in net job creation three out of four times from 1992 through 2010, when private-sector employment rose, according to data in the latest edition of The Small Business Economy.

    The newest edition is formatted to improve the accessibility of the data in an online series of tables on small business in the economy and small business financing. This rich collection of information about small business contributions to the economy and trends over time is offered this year, for the first time, in tabular form online in place of the paperback report.

  • Submitted on 25 April 2012

    Nominations are now being accepted for the Minority Business Development Agency's 2012 Minority Business of the Year Awards Program. The awards are designed to recognize exemplary minority businesses and their accomplishments and best practices.

    The deadline for submission of the 2012 National Minority Business of the Year Awards nominations has been extended to Monday, July 2, 2012.

    Download BrochureThe MBDA National Minority Business of the Year Awards Program is designed to celebrate and recognize the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing minority business enterprise.

    The diversity of the awardees, as it pertains to the constituency served by MBDA, is a key objective of the MED Week Awards Program.

    The awards are commemorative and will be given in the following categories:

    • Access to Capital Award

    • Minority Export Firm of the Year

    • Minority Manufacturer of the Year

    • Ronald H. Brown Leadership Award

    • Abe Venable Legacy Award for Lifetime Achievement

    The award winners will be announced in early August and the recipients will be presented with their award at the National Minority Enterprise Development (MED) Week conference scheduled for September 25-26, 2012 in Washington, DC. MBDA will contact winners by phone and may post their names, pictures and biographies on this website and MED Week Conference website.

  • Submitted on 16 April 2012

    Percent of All Exporter FirmsMinority Business More Likely to Export

    Exporting is good for American business, good for American workers and good for American jobs. Ninety-five percent (95%) of the world’s customers lie outside the United States and Minority Business Development Agency is committed to working with U.S. companies to help American-made goods and services succeed in the global market.

    Export Sales

    Minority businesses have a competitive advantage in global trade based on their cultural ties, language skills and nimbleness. The 2007 Survey of Business Owners reveals that among firms with export sales representing 20 percent or more of their overall receipts, minority-owned businesses are twice as likely to export compared to non-minority firms. In addition, minority firms are more than three times as likely to have businesses generating 100 percent of all their sales in exports compared to non-minority respondent firms. This finding is quite substantial because it can support the Administration’s goal of doubling the nation’s exports by the end of 2014. Minority businesses can play an important role in meeting that goal through exports.

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