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  • Submitted on 27 February 2017

    Left to right: Sharon R. Pinder, Laura Shin and Gail BassetteRecently, I visited the new MBDA Federal Procurement Center in Washington DC, which is a one-of-a-kind specialty center that targets minority business enterprises (MBEs) with revenues over one million dollars. Sharon R. Pinder is the president & CEO of the Capital Region Minority Supplier Development Council, the operator, and Gail Bassette is project director for the Center. Gail’s team includes three business consultants who work with her to provide business consulting services to Federal Procurement Center clients. 

  • Submitted on 17 January 2017

    Among our Nation’s fastest growing cities, Atlanta has features that position it as a hub of the burgeoning inclusive innovation ecosystem in the United States. Chief among these features are several renowned institutions of higher learning, including Historically Black Colleges and Universities such as Clark-Atlanta University, Spelman College, and Morehouse College.

    A long-time center of Federal research in medical and science via the Centers for Disease Controls and Prevention, Atlanta is also is home to headquarters of top multi-national corporations including Coca-Cola, and Delta among others.

    Now, thanks to a new public-private collaboration, these institutions will be joined by the Russell Center for Innovation and Entrepreneurship (RCIE).

  • Submitted on 29 December 2016

    As we bring 2016 to a close, the Minority Business Development Agency (MBDA) is particularly proud of the accomplishments achieved throughout the year. This year, MBDA reached new milestones creating along the way important initiatives and programs that supported the continued growth of minority business enterprises (MBEs) within an innovation-driven economy.

    Throughout the year, MBDA played a critical role in U.S. Commerce Secretary Penny Pritzker’s Open for Business agenda. As the leading federal agency dedicated to the growth and global competitiveness of MBEs, MBDA remains enthusiastic about the future role that MBEs will increasingly play in fueling the Nation’s economic health and prosperity.

  • Submitted on 28 December 2016

    This year, MBDA reached new milestones creating along the way important initiatives and programs that supported the continued growth of minority business enterprises (MBEs) within an innovation-driven economy.

    Please review several milestones that MBDA marked in 2016:

  • Submitted on 07 December 2016

    They’re the backbone of the U.S. economy and an elite group of risk takers, innovators, and job creators. Entrepreneurs are the key drivers of the U.S. economy, particularly minority business enterprises (MBEs).  According to the U.S. Census Survey of Business Owners, there are 8 million MBEs in the U.S. who generate total gross revenues exceeding $1.4 trillion. These numbers reflect a 38 percent increase between 2007 and 2012.

  • Submitted on 17 November 2016

    MBDA celebrates Native American Heritage Month and acknowledges the significant contributions of Native American-owned businesses to the U.S. economy.  A key component of the Agency’s services is dedicated to addressing the unique economic challenges and opportunities in Indian Country.

    MBDA plans to conduct tribal consultation meetings  with federally recognized tribes, American Indian and Alaska Native business/trade/economic organizations, and American Indian and Alaska Native-owned firms, between October 2016 and February 2017.

  • Submitted on 03 November 2016

    MBDA National Director CastilloWith the U.S. population poised to shift to ‘majority minority’ status during the next few decades, the topic of inclusive innovation in global high-growth industries took center stage at an MBDA event in Chicago on October 27.

    Dubbed “Inclusive Innovation in Action,” the informative event was located at an award-winning Chicago technology incubator, BLUE1647, and drew a mix of entrepreneurs, investors, and community residents. Coinciding with the annual conference of the National Minority Supplier Development Council (NMSDC), and with Minority Enterprise Development Week (MED Week), October 23-27, the afternoon panel focused on information-sharing about MBDA services for entrepreneurs, and engaging examples of successful minority-owned tech enterprises.

  • Submitted on 20 October 2016

    It all starts with an idea. Sometimes it can be as simple as a “what-if” lodged in the back of our minds that can spark the next great invention. A simple idea, when coupled with ingenuity and opportunity, can transform the world we live in for the better. That’s the awesome power of innovation.

    Innovation, one of the Commerce Department’s five strategic goals, is defined as “the invention, improvement, and commercialization of new products, processes, and services ...” It plays an integral role in the mission of all 12 bureaus housed within the department. 

  • Submitted on 18 October 2016

    Penny Pritzker, Secretary of CommerceThe rapid growth of the Hispanic population in the United States during the last several decades, which is projected to continue increasing in the years ahead, presents significant challenges as well as huge opportunities for our country. At the Congressional Hispanic Caucus Institute’s (CHCI) 2016 Annual Policy Conference, the Department of Commerce (DOC) and the Minority Business Development Agency (MBDA) both worked to promote business development and entrepreneurship as critical elements within in the nationwide efforts to maximize the potential of the Hispanic community and in doing so the immediate and long term global competitiveness of the entire American economy.

    Serving as the keynote speaker during the closing plenary session titled, “Understanding the Hispanic Consumer,” U.S. Secretary of Commerce Penny Pritzker went beyond the discussion of what products and services Latinos consume most and the significance of their growing buying power. Secretary Pritzker emphasized the importance of supporting the growth and development of Hispanic owned businesses and entrepreneurs. Her remarks highlighted the fact that Latinos are the fastest growing segment of entrepreneurs in the American economy, and therefore represent a talent potential critical to America’s immediate and long term success.

  • Submitted on 12 October 2016

    Guest blog post by George Laws Garcia, Legislative and Intergovernmental Affairs Specialist, Minority Business Development Agency

    George Laws Garcia, Legislative and Intergovernmental Affairs Specialist, MBDAAs part of the Minority Business Development Agency (MBDA) I work to engage Congressional, state and local officials to help create favorable conditions for minority businesses and entrepreneurs to grow and prosper. In this role I have the opportunity to support capacity development in Hispanic and all minority communities to build and grow our own businesses, create good jobs in our communities, provide needed goods and services in our domestic markets, and to utilize our cultural, linguistic and international knowledge as a competitive advantage to export globally.

    Given the rapid growth of minority communities in the U.S. and the generational shift in America’s workforce which will soon see us becoming a majority minority nation, the need to support the growth of minority businesses and entrepreneurs has never been more important to keeping America Open for Business. I help shape America’s policy and legislative agenda toward minority businesses through strategic advocacy efforts that, not only raise awareness about the issues impacting minority business communities, but also increase understanding of the importance of minority business growth to America’s domestic and global economic competitiveness. 

 

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