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  • Submitted on 29 March 2016

    Created on March 29, 2016
     

    From left to right: Darold Hamlin, President and CEO – Emerging Technology Consortium, Ivory Toldson, Ph.D., White House Initiative on Historically Black Colleges and Universities – Department of Education, Diane J. Frasier, Director, Office of Acquisition and Logistics Management ( also Head of the Contracting Activity) – NIH, Alejandra Castillo, Esq., National Director, Minority Business Development Agency (MBDA) and Lyn R. Williams, President and CEO – Bridge Enterprises Incorporated

    The National Institutes of Health (NIH) held a symposium on The Path to Sustainability for Historically Black Colleges and Universities (HBCUs) on March 9, 2016 in Rockville, Maryland. The theme of the symposium was "Teaming for Opportunities in Biomedical ‘Big’ Data." The National Director of the Minority Business Development Agency, Alejandra Y. Castillo was on hand to deliver the keynote presentation. 

    Director Castillo spoke about the changing demographics of the country and the importance of minority business enterprises to the growth of the U.S. economy. She also discussed the new MBDA Inclusive Innovation Initiative (I3), saying, "minorities need to be at the front end of innovation." The Inclusive Innovation Initiative will do just that by facilitating engagement between MBEs, federal laboratories, and the innovation ecosystem. 

  • Submitted on 24 March 2016

    Created on March 25, 2016
     

    In the early morning of March 5, 1969, President Richard M. Nixon emerged from the private residence of The White House and received his daily schedule.  As usual, it was packed with ceremonial events and meetings concerning governance.

    Tucked between a 7am breakfast with NSA Assistant Director Henry Kissinger, and a lunch-hour meeting with Urban Affairs Assistant, Daniel Patrick Moynihan, President Nixon had an event with a very long title:

  • Submitted on 15 March 2016

    Created on March 15, 2016
     

    It’s rare that the topics of education, democracy, entrepreneurship, and partnership with the federal government intersect in a single conversation, but that’s exactly what happened at Harvard University.

    Alejandra Y. Castillo, National Director of the U.S. Department of Commerce’s Minority Business Development Agency, led the conversation before an audience of educators, students, and alumni at the Askwith Forum March 4 at Harvard University’s Graduate School of Education (GSE).

    The forum was part of the Graduate School of Education’s 14th annual Alumni of Color Conference (AOCC) March 3-5 at Harvard. The conference theme was “Educators as Architects: Building a Mosaic for Democracy Now.”

  • Submitted on 29 February 2016

    Created on February 29, 2016
     

    African-Americans currently make up less than three percent of the nation's technology workforce. Seeking to increase the number of African-American and other ethnic minority technology executives, engineers, and business owners, the second annual Black Tech Week was held earlier this month, featuring PowerMoves Miami, a nonprofit incubator and training organization. 

    Prior to the conference, PowerMoves Miami led a 6-week boot camp for 29 startup companies that focused on pitching to investors. The boot camp culminated with a Demo Day pitch competition. In addition to boot camp training and pitch competitions, the conference provided an opportunity for entrepreneurs of color to network and become part of the PowerMoves and Black Tech Week communities.

  • Submitted on 16 February 2016

    Created on February 16, 2016
     

    STEM 3D PrinterLong before the concept of STEM entered the American lexicon, African-American scientists, educators, and entrepreneurs were creating important products, services, and businesses that helped shape the American economy. From Benjamin Banneker, a mathematician and polymath in 18th Century Maryland, to Dr. Charles Drew, a 20th Century doctor and blood specialist who revolutionized the process of blood transfusions, our nation has prospered and developed as a global leader in science, economics, and business, thanks to the significant contributions of men and women of color.

    The stakes are high: America’s future success in the global arena depends on our ability to foster innovation within communities that historically have been under-served. As the world’s top scientists and engineers pave the way for new breakthroughs across emerging industries, the U.S. continues to be the global leader in science and technology discoveries. The Obama Administration has championed the 21st century STEM revolution.

  • Submitted on 28 January 2016

    Created on January 28, 2016
     

    MBDA Year in Review

  • Submitted on 21 December 2015

    Created on December 21, 2015
     

    It’s a long-standing problem that continues to impact businesses and organizations across the nation at every level. A group of more than 100 Asian- American and Pacific Islander (AAPI) business leaders and owners gathered in Washington, DC, to seek answers and develop a plan of action to increase diversity and business opportunities within the AAPI community.  

    Members of the White House Initiative on Asian Americans and Pacific Islanders(WHIAAPI), the Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (ACE),and the U.S. Department of Commerce, Minority Business Development Agency (MBDA), partnered to host the Asian American and Pacific Islander Employee/Business Resource Group National Roundtable II. The day-long event was held at the U.S.  Department of Commerce’s Herbert Hoover Building on Dec. 8, 2015 and hosted by Albert K. Shen, MBDA National Deputy Director.

  • Submitted on 18 December 2015

    Created on December 18, 2015
     

    The U.S. Census Bureau, the Ewing Marion Kauffman Foundation, and the Minority Business Development Agency (MBDA) have teamed together to fund the first annual survey focused on the characteristics of employer businesses and their owners.

  • Submitted on 27 November 2015

    Created on November 27, 2015
     

    This month, we recognize the contributions made by Native Americans since long before our founding, and we resolve to continue the work of strengthening government-to-government ties with tribal nations and expanding possibility for all. President Barack Obama, 2015 Presidential Proclamation: National Native American Heritage Month
     
    MBDA wants to highlight the contributions of the Native American business community to the U.S. economy and the minority business community. Here are some quick facts about Native American-Owned Businesses

    • There are 274,000 Native American-owned firms in the United States.

    • Native American-owned firms contribute $42.2 billion in U.S. economic output and 221,000 jobs per year.

    • Native American-owned firms with employees average eight workers and $1.3 million in annual receipts.

  • Submitted on 05 November 2015

    Created on November 5, 2015
     

    Conference AttendeesSince the first Minority Finance Forum (MFF) a year ago, MBDA Business Centers have been building the only pipeline of its kind, mid-market minority-owned businesses looking for growth financing.  After a year of monthly calls where Business Centers discussed challenges and opportunities related to access to capital, the second annual MFF at the Chicago Association for Corporate Growth (ACG) 2015 Midwest Capital Connections was held October 19, 2015.  MFF featured panel discussions and extensive networking at the Untitled Supper Club in Chicago, Illinois, with the connection event the next day at Navy Pier presenting over 200 investment bankers, private equity, and other capital sources looking to make deals with businesses and amongst themselves.

 

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