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News and Announcements


  • Submitted on 09 April 2014

    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.

  • 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.

    The MBDA Business Center – Baltimore will create and retain jobs by providing consulting services and facilitating access to contracts, capital and new international market opportunities to eligible minority and women-owned businesses.

    “The MBDA Business Center will spur job creation and retention, as well as award more minority- and women-owned businesses with the support they need to grow and thrive," said Mayor Rawlings-Blake. “This center fits perfectly into my vision for growing Baltimore—through economic empowerment that can stimulate job creation. I want Baltimore to be a mecca for entrepreneurs and a place where small businesses know they can prosper.”

  • 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):

    “For 45 years, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to a critical sector of the U.S. economy- our nation’s 5.8 million minority-owned firms. These companies contribute to local economies and provide much needed jobs for Americans of all backgrounds and cultures. They operate in urban centers and rural communities. As we commemorate the 50th Anniversary of the War on Poverty, it is minority-owned firms that are on the front lines.

    “I applaud MBDA on its 45th Anniversary. Established by executive order, MBDA has worked tirelessly and diligently to promote the growth and global competitiveness of the minority business community. And the results speak for themselves. Over the last five years in particular, MBDA has assisted firms gain access to over $19 billion in contracts and capital resulting in the creation and retention of nearly 60,000 jobs. Since my election to Congress, I have worked closely with the Agency and its MBDA Business Center in Houston to bring hundreds of those jobs to Texas.

  • 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!

  • Submitted on 27 January 2014

    Ghana and Nigeria | May 18-24, 2014

    U.S. Secretary of Commerce Penny Pritzker will lead an Energy Business Development Mission to West Africa with stops in Ghana and Nigeria from May 18-23, 2014. This mission will promote U.S. exports to Africa by helping U.S. companies launch or increase their business in the energy sector in West Africa.  It will also help the African region develop and manage energy resources and systems, build out power generation and transmission, and distribution.  

  • Submitted on 16 December 2013

    George MuiGeorge Mui, a Business Development Specialist with the Minority Business Development Agency’s Office of Business Development, received the 2013 Asian Exemplary Civic Service Award and the President’s Silver Category Call to Service Volunteer Award, last month during a ceremony in Chicago.

    The awards were part of Asian Chronicle USA TV’s 12th annual event where the public access channel honors exemplary Asian philanthropists, humanitarians, and exemplary civic volunteers who have paved the way or have made significant contributions for the betterment of the lives of the less fortunate, the impoverished and the under-served.

    “I’m extremely honored to have received these awards,” Mui said. “The Asian American community is very diverse and they need a voice and platform to showcase their cause. I’m very proud to help all of the Asian American community and this recognition means a lot to me.”

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