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Press Releases


  • Submitted on 14 September 2012

    FOR IMMEDIATE RELEASE
    September 14, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

    AK, CA, NM, ND and OK Receive Federal Funds

    Washington, DC (September 14, 2012) — The U.S. Department of Commerce today announced the winners of a grant competition to spur job creation and economic development in states with large American Indian and Alaska Native populations. Approximately $6.6 million in Minority Business Development Agency (MBDA) funds is being invested with local entities to operate new MBDA Business Centers in Anchorage, Alaska; Fresno, California; Santa Fe, New Mexico; Bismarck, North Dakota; and Tulsa, Oklahoma.

    “Today’s announcement builds upon the Obama administration’s commitment to economic growth and job creation in Indian Country,” said Acting U.S. Commerce Secretary Rebecca Blank. “The new MBDA Business Centers will provide minority entrepreneurs and businesses with the expertise and tools they need to compete globally and create good paying jobs in America.”

  • Submitted on 13 July 2012

    FOR IMMEDIATE RELEASE
    July 13, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Funds will establish a new MBDA Business Center to unleash economic potential of minority-owned firms

    Washington, DC (July 13, 2012) - Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA), officially launched the Memphis MBDA Business Center. MBDA National Director David A. Hinson, along with U.S. Representative Steve Cohen, Memphis Mayor AC Wharton, Jr. and Shelby County Mayor Mark Luttrell, received a tour of the new office and participated in a ceremonial check presentation.  The Memphis MBDA Business Center is one of 40 MBDA Business Centers located around the country dedicated to creating jobs and strengthening the economy by helping minority-owned and managed firms gain access to public and private sector contracts, capital and markets. 

    “One of my 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 MBDA National Director David A. Hinson. “Establishing a presence in Memphis strengthens our ability to help the Delta region’s minority-owned businesses grow and create jobs, key priorities of the Obama administration.”

  • Submitted on 25 June 2012

    FOR IMMEDIATE RELEASE
    June 25, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Fiscal Year 2011 Annual Performance Report Released

    Washington, DC (June 25, 2012) – The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) experienced record-breaking performance in Fiscal Year (FY) 2011 as detailed in its FY 2011 Annual Performance Report, released today. Despite the serious headwinds the economy is facing, more than 5,780 new jobs were created by minority-owned firms working with MBDA and its network of MBDA Business Centers in FY 2011. Overall, MBDA has helped minority-owned firms create more than 16,300 new jobs for Americans between FY 2009-FY 2011. 

    The number of new jobs created by minority-owned firms who received services from MBDA between FY 2009-FY 2011 represents an increase of 20 percent over the prior three-year period. And, during the worst economic downturn since the Great Depression, MBDA aided in securing nearly $11 billion in contracts and capital for minority-owned firms, including $4 billion in FY11 alone. 

  • Submitted on 11 May 2012

    FOR IMMEDIATE RELEASE
    May 11, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Agency Makes $7.9 Million Available for Six New MBDA Business Centers in States with Large Native American and Alaska Native Populations

    Washington, DC  (May 11, 2012) - The Minority Business Development Agency (MBDA) today announced a competitive solicitation for applications from prospective candidates to operate six new MBDA Business Centers in states with significant Native American or Alaska Native populations, including: Alaska, Arizona, California, New Mexico, Oklahoma, and North Dakota or South Dakota. The successful applicants will join a network of more than 30 MBDA Business Centers across the United States, District of Columbia, and Puerto Rico.

    “Today’s announcement is an example of the Obama Administration’s commitment to supporting business development and job creation in Indian country,” said David A. Hinson, National Director of MBDA. “The new MBDA Business Centers will help leverage the growth of Native American and Alaska Native owned firms to continue fueling our Nation’s economy.”

  • Submitted on 19 April 2012

    FOR IMMEDIATE RELEASE
    April 19, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Funds will establish a new MBDA Business Center in Memphis; Support Existing Centers in Houston, New Orleans

    Washington, DC (April 19, 2012) - Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) announced $3.4 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned firms.

    “One of my top priorities while at MBDA has been to expand the Agency’s reach so more minority-owned firms benefit from the expertise of our business centers,” said MBDA National Director David A. Hinson. “Establishing a presence in Memphis strengthens our ability to help the Delta region support minority-owned businesses and boost job creation, key priorities of the Obama Administration.”

    The $3.4 million in funds will support the creation of an MBDA Business Center in Memphis, and also support existing Centers in Houston, Texas, and New Orleans, Louisiana. With the addition of Memphis, Tennessee, the Agency’s footprint covers twenty-six states and the District of Columbia and Puerto Rico.

  • Submitted on 12 December 2011

    FOR IMMEDIATE RELEASE
    December 12, 2011
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

    Grant Competition for Three MBDA Business Centers Announced

    WASHINGTON (December 12, 2011) - The Minority Business Development Agency (MBDA) today announced a competitive solicitation for applications from prospective candidates to operate a MBDA Business Center in three distinct areas of the United States: Houston, TX, the State of Louisiana, and either the State of Mississippi or the State of Tennessee. The successful applicants will join a network of more than 35 MBDA Business Centers across the United States, District of Columbia and Puerto Rico.

    The primary objective of the MBDA Business Centers is to provide strategic business consulting services to minority firms that will result in increased public and private sector contract opportunities and capital investments. An outcome of the services offered by the MBDA Business Centers is the creation and retention of jobs for Americans.

  • Submitted on 10 November 2011

    FOR IMMEDIATE RELEASE
    November 9, 2011
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    The Metropolitan Economic Development Association will operate new center

    WASHINGTON D.C. (November 9, 2011) - The Minority Business Development Agency (MBDA) today announced that the Metropolitan Economic Development Association of Minneapolis, Minn. was awarded a cooperative agreement totaling $1.75 million to operate a new MBDA Federal Procurement Center (FPC) located in the Washington, D.C. metropolitan area. The cooperative agreement will be for a period of five years, from fiscal year 2011 through fiscal year 2015.

    The Federal Procurement Center will serve the minority business community nationwide in order to better position them to access and obtain federal procurement awards, which includes prime and sub contracts.  The MBDA Business Centers have garnered great success since being created, and establishing a Minority Business Center focused solely on federal procurement is part of the Obama Administration’s commitment to ensuring that all U.S. businesses share in the jobs and opportunities created by federal government activities.

  • Submitted on 11 October 2011

    Agreements signed at Annual National MED Week Conference

    WASHINGTON D.C. (October 7, 2011)- The Minority Business Development Agency (MBDA) today announced that it entered into two separate Memorandum of Understandings (MOUs) during the annual Minority Enterprise Development (MED) Week Conference held September 27-30, 2011.  An MOU was signed each with the Republic of Turkey Ministry of Industry and Trade Small and Medium Enterprises Development Organization (KOSGEB) and Tremco Incorporated. These MOUs will give minority-owned businesses access to greater markets which will increase their ability to grow and create jobs.

  • Submitted on 22 September 2011

    WASHINGTON D.C. (September 20, 2011) – The U.S. Commerce Department’s Minority Business Development Agency (MBDA) proudly announces the 2011 National Minority Enterprise Development (MED) Week award winners. Awardees will be honored at a gala on September 30 in Washington, D.C.

    “The minority-owned firms selected are excellent examples of U.S. firms producing American-made products and services that are creating jobs for Americans,” said MBDA National Director David Hinson. “These businesses are helping America ‘win the future’ by boosting our economy and global competitiveness.”

  • Submitted on 19 September 2011

    WASHINGTON, D.C. (September 19, 2011) – The Minority Business Development Agency (MBDA) proudly announces the winner of the Ronald H. Brown Leadership Award for Minority Enterprise Development (MED) Week 2011. The Honorable Robert Menendez, U.S. Senator from New Jersey, will be honored at the Annual Awards Gala at MED Week on September 30, at the Marriott Wardman Park Hotel in Washington, D.C. The awards gala wraps up the three-day MED Week conference.

    U.S. Senator Robert Menendez“MBDA is pleased to honor Senator Menendez with this leadership award for his commitment to strengthening the minority business community through initiatives that create economic growth and jobs. He is a man of action, and has a voice that commands action by others,” said MBDA National Director David Hinson.

    The Ronald H. Brown Leadership Award spotlights individuals who have taken risks in the achievement of change, and those who have demonstrated exceptional leadership through significantly enhancing the development of diversity in the U.S. economy and abroad.