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Press Releases


  • Submitted on 18 November 2016

    FOR IMMEDIATE RELEASE
    November 18, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON — The U.S. Department of Commerce, Minority Business Development Agency, announced the winners of the Agency’s Advanced Manufacturing Project. The winners are Georgia Tech Research Corporation, Atlanta, GA ($250,000); City of Baltimore, Baltimore, MD ($250,000); Michigan Minority Supplier Development CouncilDetroit, MI ($250,000); and the University of Texas at San Antonio, San Antonio, TX ($250,000). The four cooperative agreements total $5 million and will be distributed over a 5-year period.

    “Congratulations to all of our winners,” said MBDA National Director Alejandra Y. Castillo. “These projects will support minority-owned businesses, specifically in the area of advanced manufacturing. This funding also allows MBDA the opportunity to partner with these organizations to advance the growth of our MBEs in the areas of innovative technology and create high quality manufacturing jobs.”

  • Submitted on 18 November 2016

    FOR IMMEDIATE RELEASE
    November 18, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON — Today the U.S. Department of Commerce’s Minority Business Development Agency announced the winner of the Agency’s first-ever Capital Project competition; ACG Chicago. The grant totaling $2.5 million will be distributed over a 5-year period. ACG Chicago,a network of corporate executives, capital sources, corporate advisors, and service providers will receive $500,000 annually to fund the new MBDA Capital Center.

    “Access to Capital has long been an obstacle for many minority business enterprises (MBEs),” said MBDA National Director Alejandra Y. Castillo. “Through this investment, we’re focused on providing long-term solutions, while specializing our business center resources to meet the financial needs of MBEs. In turn, helping them to thrive and create more jobs to boost the economy.”

  • Submitted on 18 November 2016

    FOR IMMEDIATE RELEASE
    November 18, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (November 18, 2016) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced the first round of winners of their Broad Agency Announcement (BAA) competition.  The agency is providing more than $1.4 million dollars in grant money to fund the projects.

    The BAA is designed as a vehicle for organizations to submit proposals for new programs, education, outreach, innovative projects, or sponsorships not addressed through the existing MBDA business center programs. The BAA grants run for one year and the agency has the option to extend the funding for an additional year at their discretion.

  • Submitted on 10 November 2016

    FOR IMMEDIATE RELEASE
    November 9, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (November 9, 2016) - The U.S. Department of Commerce's Minority Business Development Agency is participating in the first-ever Essence Festival in Durban, South Africa, November 8-13. Designed to be a sister event to the annual Essence Festival held in New Orleans, Essence Durban sets its sights on global entrepreneurship for all women.

    MBDA has supported the annual Essence Festival in New Orleans for the past two years through business development workshops and this year's highly successful Money + Power Entrepreneurship Village.  As part of MBDA's mission to strengthen ties in global markets, the Essence Festival in Durban will provide access to a flourishing business community and allow the agency to promote global partnerships with its network of U.S. minority-owned businesses.

  • Submitted on 21 October 2016

    FOR IMMEDIATE RELEASE
    October 20, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (October 20, 2016) — The U.S. Department of Commerce announced that U.S. Secretary of Commerce Penny Pritzker will attend the 2016 National Minority Supplier Development Council Conference and Business Opportunity Exchange in Chicago. The conference, held in conjunction with the National Minority Enterprise Development Week (MED Week), is Oct. 23-26 at McCormick Place Lakeside Center in Chicago. Secretary Pritzker is scheduled to provide remarks Oct. 24 during the “Power Breakfast” session.

    The annual NMSDC Conference and Business Opportunity Exchange attracts more than 6,000 corporate CEOs, procurement executives, entrepreneurs, influencers, business leaders, and supplier diversity professionals from the top multinational companies, international organizations and minority firms.

  • Submitted on 07 October 2016

     

    FOR IMMEDIATE RELEASE
    October 7, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    Honoring excellence in the minority business community

    WASHINGTON (October 7, 2016) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced the 2016 National Minority Enterprise Development (MED) Week Award winners. MBDA will honor 19 organizations, businesses, and individuals who have demonstrated leadership, commitment and excellence in advancing the minority business community.

    “We’re honored to recognize this dynamic group of individuals who have dedicated themselves and their resources to ensuring the advancement of the minority business community,” said Alejandra Y. Castillo, MBDA National Director. “Their contributions are essential to creating an ecosystem that supports, develops and elevates U.S. minority business enterprises now and in the future.”

  • Submitted on 27 September 2016

     

    FOR IMMEDIATE RELEASE
    September 27, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (September 27, 2016) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced that the Agency will again partner with the National Minority Supplier Development Council to host the 2016 NMSDC Conference and Business Opportunity Exchange in conjunction with the annual Minority Enterprise Development Week (MED Week), October 23-26, in Chicago. This year’s conference theme is “Investing in the Future.”

    The conference and business exchange are designed to provide a venue for attendees to dialogue and exchange information, tools and resources to grow and scale their businesses locally and globally with a specific focus on minority supplier development. 

  • Submitted on 15 September 2016

    FOR IMMEDIATE RELEASE
    September 14, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

                                                                                                      

    WASHINGTON (September 14, 2016)  — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA), today announced the launch of the Agency’s new Inclusive Innovation Initiative (I-3)  in partnership with the National Institute of Standards and Technology and the Federal Laboratory Consortium for Technology Transfer.  

    I-3 is a national outreach effort aimed at increasing the participation of minority business enterprises (MBEs) and minority-serving institutions in the federal laboratory network. It’s designed to connect MBEs to valuable science, manufacturing and research resources in hundreds of federal labs across the U.S.

  • Submitted on 13 September 2016

    FOR IMMEDIATE RELEASE
    September 12, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (September 12, 2016) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) in partnership with the U.S. Census Bureau and the Ewing Marion Kauffman Foundation recently released the first ever Annual Survey of Entrepreneurs. The survey, which highlights data from 2014, is designed to supplement the U.S. Census Bureau’s Survey of Business Owners (SBO) conducted every five years. The most recent SBO data was released in December 2015.

    The Annual Survey of Entrepreneurs provides a detailed socio-economic portrait of the nation's employer businesses broken down by gender, ethnicity, race, and veteran status. Unlike the previous SBO, the Annual Survey of Entrepreneurs provides more recent information, including the number of years a firm has been in business.

  • Submitted on 08 August 2016

    FOR IMMEDIATE RELEASE
    August 9, 2016
    Contact: Dijon Rolle
    Email: drolle@mbda.gov

     

    WASHINGTON (Aug. 9, 2016) —  The National Director of the U.S. Department of Commerce Minority Business Development Agency (MBDA), Alejandra Y. Castillo received the National Urban League’s (NUL)“Women of Power Award” during the Women of Power & Business Leaders Awards Luncheon Aug. 4 at the Baltimore Convention Center.