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Press Releases


  • Submitted on 14 January 2014

    FOR IMMEDIATE RELEASE
    January 14, 2014
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (January 14, 2014) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) announced today record-breaking performance in helping its clients create jobs, gain access to capital, and receive contract support in fiscal year (FY) 2013.

    During FY13, MBDA assisted minority-owned businesses in obtaining more than $4.8 billion in capital and contract awards, which led to the creation and/or retention of 25,704 jobs, the highest performance level in the Agency’s 45-year history.

    “These FY13 figures illustrate the crucial role MBDA continues to play in helping minority-owned businesses create jobs and strengthen local communities nationwide. This outstanding performance is a hallmark of the Obama administration’s efforts to help strengthen small and medium-sized businesses, which are fueling our economic recovery,” said David A. Hinson, MBDA’s National Director.

  • Submitted on 02 December 2013

    FOR IMMEDIATE RELEASE
    December 2, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (December 2, 2013) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today recognized the 2013 National Minority Enterprise Development (MED) Week Award winners. The winners include 12 organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community. U.S. Secretary of Commerce Penny Pritzker presented the awards during a ceremony in Washington, DC. 

    “I am pleased to recognize and personally congratulate the 2013 National Minority Enterprise Development Week Award winners,” said Secretary Pritzker. “Helping American businesses grow and create jobs is the key focus of the Commerce Department’s ‘Open for Business Agenda,’ and today’s award recipients are playing a critical role in those efforts by helping minority-owned businesses innovate, expand and thrive.”

    Winners were selected for the following awards: Ronald H. Brown Leadership Award; Champions of Minority Business Development; and Minority-Owned Firms. The awards are designed to celebrate and recognize outstanding achievements of minority entrepreneurs based on the challenges the business has overcome, total revenues, total jobs created and the economic impact the business has had on the community. MBDA also recognizes individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

  • Submitted on 16 September 2013

    FOR IMMEDIATE RELEASE
    September 16, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    Funds will establish MBDA Business Centers in Baltimore, Bridgeport, Conn., Houston, New York, San Francisco, St. Louis, and Washington, D.C.

    WASHINGTON (September 16, 2013) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced $7.3 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned businesses nationwide. The grant recipients will establish MBDA Business Centers in Baltimore, Bridgeport, Conn., Houston, New York, San Francisco, St. Louis, and Washington, DC, joining a network of 40 MBDA Business Centers across the United States and Puerto Rico. 

    “MBDA is committed to the continued success of all minority-owned firms, who strengthen the economy and create American jobs,” said David A. Hinson, MBDA National Director. “These new centers will expand the number of front-line business experts we have providing resources to minority-owned businesses to help grow economies in more cities across the U.S.”

  • Submitted on 16 September 2013

    FOR IMMEDIATE RELEASE
    September 16, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

    WASHINGTON (September 16, 2013) — As a result of a multi-year strategy to reduce administrative and operational overhead costs, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced a supplemental investment of $625,000 to five existing MBDA Business Centers. The funds will support the Business Centers in their efforts to better serve minority business communities nationwide.

    “Our goal at MBDA has always been to expand the Agency’s reach, expertise and resources to serve as many minority-owned businesses as possible through the MBDA Business Center program,” said David A. Hinson, MBDA National Director. “These supplemental funds will ensure that five MBDA Business Centers can provide even more assistance to minority-owned businesses to create American jobs and grow the economy.”

  • Submitted on 20 August 2013

    FOR IMMEDIATE RELEASE
    August 20, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

    Program Recognizing Outstanding Achievements of Minority Entrepreneurs, Individuals, Organizations

    WASHINGTON (August 20, 2013) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced that it is accepting nominations for the 2013 National Minority Enterprise Development (MED) Week Awards competition. The program celebrates and recognizes the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

    “The MED Week awards were created to recognize individuals and firms who exemplify entrepreneurial innovation and a commitment to creating jobs and keeping our nation competitive in the global economy,” said David A. Hinson, MBDA National Director. “With nearly six million minority-owned businesses across the United States, we know there is potential for a robust slate of candidates to choose from. We look forward to the opportunity to shine a light on some of these outstanding business leaders.”

  • Submitted on 25 June 2013

    FOR IMMEDIATE RELEASE
    June 25, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

    MBDA clients created or retained 16,700 jobs, pathways to a stronger middle class

    WASHINGTON (June 25, 2013) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) set new records in fiscal year 2012, as detailed in its FY 2012 Annual Performance Report, released today. MBDA Business Centers helped minority-owned businesses obtain over $3.6 billion in contracts and capital and create or retain 16,730 jobs, the highest level in the agency’s 44-year history.

    MBDA’s performance in FY12 builds on success achieved during the first term of the Obama administration. From FY09 to FY12, MBDA helped its clients obtain $14.6 billion in contracts and capital. These efforts also helped businesses create or save 33,048 jobs. This marks the best four-year performance in the agency’s history.

  • Submitted on 23 May 2013

    FOR IMMEDIATE RELEASE
    May 23, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    Agency makes $6.3 million available to launch six new MBDA Business Centers

    WASHINGTON (May 23, 2013) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced  a solicitation for applications from prospective candidates to operate six new MBDA Business Centers in Baltimore, Houston, New York City, San Francisco, St. Louis and Washington, D.C. The successful applicants will join a network of more than 30 MBDA Business Centers across the United States and Puerto Rico.  Grant amounts will range from $300,000 to $500,000 per year for a three-year cycle.

    “The MBDA Business Center program is critical to furthering the Agency’s mission in assisting minority-owned businesses in gaining access to contracts, access to capital, and access to markets,” said David A. Hinson, MBDA National Director. “It is our goal to ensure the continued success of minority-owned firms who, in turn, strengthen the economy and create American jobs.”

  • Submitted on 23 May 2013

    FOR IMMEDIATE RELEASE
    May 23, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    Agency makes $1.02 million available to launch MBDA Business Center in one location with Large American Indian and Alaska Native Populations

    WASHINGTON (May 23, 2013) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced  a solicitation for applications from prospective candidates to operate a new MBDA Business Center in one National location with a significant American Indian or Alaska Native population. Applicants are required to choose one of the following locations: Bridgeport, Conn., Buffalo, N.Y., Green Bay, Wis., Jackson, Miss., Milwaukee or Portland, Ore. The successful applicant will join a network of more than 30 MBDA Business Centers across the United States and Puerto Rico.  The grant amount will be $255,000 per year for a four year cycle.

    “The American Indian and Alaskan Native business community comprises approximately 200,000 companies and generates nearly $27 billion in annual revenue,” said David A. Hinson, MBDA National Director. “It is our goal to ensure the continued success of all minority-owned firms who in turn strengthen the economy and create American jobs.”

  • Submitted on 03 May 2013

    FOR IMMEDIATE RELEASE
    May 3, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    Agreement Increases Firms’ Access to Certification and Contracting Opportunities

    WASHINGTON (May 3, 2013) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) has entered into a Memorandum of Understanding (MOU) with the California High-Speed Rail Authority (Authority) aimed at achieving greater participation by minority-owned companies in all phases of construction of the new high-speed train system construction, the state’s largest infrastructure project.

    The MOU, signed during today’s launch of the MBDA Business Center in Fresno, will help ensure that minority-owned businesses get information, technical assistance and support related to this significant contracting opportunity.  To ensure that firms participating in the construction of the high-speed train system reflect the diversity of California’s business community, the Authority has set a minimum participation goal of 30% for certified Minority Business Enterprises (MBEs), Small Businesses (SBs), Disadvantaged Business Enterprises (DBEs) and Disabled Veteran Business Enterprises (DVBEs) in all phases of the rail system construction process. This requirement exceeds widespread existing minimum standards.

  • Submitted on 03 May 2013

    FOR IMMEDIATE RELEASE
    May 3, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    MBDA Business Center Will Benefit California’s Central Valley Minority-Owned Firms

    WASHINGTON (May 3, 2013) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) officially launched a new MBDA Business Center in Fresno, Calif., today.   State, regional and local representatives joined MBDA National Director, David A. Hinson in the ribbon cutting ceremony.

    “One of our top priorities at MBDA is to expand the Agency’s reach so more minority-owned firms benefit from the expertise of our business centers,” said Hinson. “Establishing a presence in Fresno strengthens our ability to help the California Central Valley region’s minority-owned businesses grow and create jobs, which are key priorities of the Obama administration.”

    The new business center, which will team with the San Jose and San Francisco MBDA Business Centers, will receive a federal grant of $300,000 per year over the next five years. The monies will be used to assist the minority-owned and managed firms in the region in gaining access to contracts, capital and markets, ultimately leading to the creation of new jobs and a stronger economy in the region.