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  • Submitted on 03 October 2014

    Created on October 3, 2014
     

    Global TradeThe Phoenix MBDA Business Center will partner with the Thunderbird School of Global Management Oct. 23-24 to host their second annual Global Business Conference.

    “We’re very excited to have the opportunity to continue our partnership with the Thunderbird School of Global Management,” said Alika Kumar, Director of the Phoenix MBDA Business Center.

    The event will provide a platform to talk about the National Export Initiative (NEI) and how it can benefit minority business enterprises.

    “Our goals for the Conference are simple and purposeful: to increase awareness of the opportunities in global markets, to promote greater participation in global business endeavors, and to provide an understanding of the resources available to help businesses succeed in capturing a portion of the larger world market,” she said.

  • Submitted on 03 October 2014

    Created on October 3, 2014
     

    NFL Hispanic Heritage Leadership Award to Luis CartagenaThe Cleveland Browns presented the NFL Hispanic Heritage Leadership Award to Luis Cartagena, a business development specialist with the Cleveland MBDA Business Center on Sept. 21.

    The NFL and the Hispanic Heritage Foundation (HHF) have partnered for the fourth annual NFL Hispanic Heritage Leadership Awards during the 2014 celebration of Hispanic Heritage Month.  The awards recognize the contributions of Hispanic leaders in each NFL market.

    The Browns honored Cartagena during the team’s “First and Ten Moment” at their Hispanic Heritage game against the Baltimore Ravens.

  • Submitted on 16 September 2014

    Created on September 16, 2014
     

    National Training Conference Attendees, MBDA Associate Director MarcusSharpening your skills in any profession is a continuing effort. That is why the Minority Business Development Agency (MBDA) conducts annual training so our “boots on the ground,” can continue delivering excellent technical assistance, business development resources, as well as access to contract, capital and markets.

    This year’s training conference will take place Sept. 15-19 in Detroit and will host approximately 250 attendees, made up of MBDA Business Center Operators and directors, invited speakers and MBDA headquarters staff.

    The conference provides an annual training platform for MBDA’s nationwide network of 44 Business Centers.  The training is a requirement stated as part of the Federal Funding Opportunity Announcement which is the controlling document for the Agency’s cooperative agreement which funds their operations.

  • Submitted on 14 August 2014

    Created on August 15, 2014
     

    MBDA National Director Alejandra Castillo at the California Hispanic Chamber of Commerce’s (CHCC) Latinas Hall of Fame LuncheonYesterday, MBDA National Director Alejandra Y. Castillo concluded her week-long tour of California where she spoke to local businesses and community leaders about the Obama Administration’s work to spur continued economic growth and job creation through support of exporters, entrepreneurs, and small, women- and minority-owned businesses. 

    Earlier this week, Castillo joined U.S. Secretary of Commerce Penny Pritzker in Oakland where the Secretary delivered remarks highlighting a number of Commerce Department resources available to help foster economic growth among minority-owned businesses. The Secretary also discussed the Commerce Department’s “Open for Business Agenda,”a bold policy agenda focused on boosting trade and investment, supporting innovation and entrepreneurship, and unleashing more government data.

    Following the Secretary’s remarks in Oakland, Castillo led a panel discussion on economic development that helped to connect local business leaders and economic development organizations with the expertise of the Department and its resources. The forum featured Overseas Private Investment Corporation’s (OPIC) Director of Corporate Development, Alison Germak; Port of Oakland’s Director of Aviation, Deborah Ale Flint; Alameda County Supervisor Keith Carson and Oakland Mayor Jean Quan.

  • Submitted on 13 August 2014

    Created on August 14, 2014
     

    The Minority Business Development Agency is the only federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses; and most of our work is accomplished through our nationwide network of MBDA Business Centers and their work directly with the nation’s MBEs. While, we often report their successes in terms of contracts and capital obtained for MBEs, we rarely talk about how they do it. With this business center profile we hope to give you an inside look at one of our 44 Centers—the Phoenix MBDA Business Center. 

    AZ MBDA Business Center FY 2013 PerformanceBringing in $587 million in contracts and capital for MBDA Business Center last year, the Phoenix MBDA Business Center is one of the highest performing in the country. Their assistance helped clients to create 1,447 new jobs and save 552 more in FY 2013. Led by Executive Director Alika Kumar, the Center’s success can be attributed to the well-rounded team of four who, together, possess the experience and technical expertise to guide their diverse clientele to a level of growth that the MBEs did not foresee. One successful client, Fortis Networks, grew its annual revenue from $500,000 to over $26 million since becoming a client in 2009.

    Although most of the firms assisted by the Phoenix Center are in construction and related industries, its clientele also includes firms in architecture, air transport, trucking, engineering, forestry, and automobile manufac- turing. Regardless of the industry, companies needing financing and capital can count on the Phoenix MBDA Business Center, and David DeLeon, business development specialist, to provide expert financial consulting services. DeLeon was one of the first business center staff members to become certified by the Export-Import Bank of the United States (Ex-Im Bank) as a “delegated authority” who can approve loans up to $500,000. He also works with Ex-Im Bank on behalf of clients who need more than $500,000 in financing to sell their products abroad. DeLeon can be credited, in large part, for making Phoenix the highest performing MBDA Business Center for capital transactions, with a total of $520 million during FY 2013.

  • Submitted on 12 August 2014

    Created on August 12, 2014
     

    Representative Barbara Lee, Secretary Penny Pritzker, Clifton Burch, President at Empire Engineering & Construction, Inc. and MBDA National Director Alejandra CastilloLast year, U.S. Secretary of Commerce Penny Pritzker unveiled the Commerce Department’s “Open for Business Agenda,” a bold policy agenda focused on boosting trade and investment, supporting innovation and entrepreneurship, and unleashing more government data. Yesterday, she took the Agenda on the road to California. Along with Minority Business Development Agency (MBDA) National Director Alejandra Castillo, Secretary Pritzker spoke to local businesses and community leaders about the Obama Administration’s work to spur continued economic growth and job creation through support of exporters, entrepreneurs, and small, women- and minority-owned businesses.

    Secretary Pritzker joined Congresswoman Barbara Lee (D-CA), a strong advocate for minority economic development and trade policy, at a regional economic development forum at the Oakland Airport, hosted by Lee. The Secretary delivered remarks highlighting a number of Commerce Department resources available to help foster economic growth. Noting that exporting is an essential tool for economic development, she discussed the Commerce Department’s NEI/NEXT initiative, a data-based, customer-driven effort to help U.S. companies increase their exports to international markets. Secretary Pritzker also talked about the work of the NIST Manufacturing Extension Partnership to help manufacturers boost productivity and growth, as well as investments by the Economic Development Administration (EDA) to help attract new industries and create jobs. Through these and other tools, the Commerce Department is helping businesses in California and across the country to grow and hire. 

  • Submitted on 06 August 2014

    Created on August 6, 2014
     

    Register NowThe Minority Business Development Agency (MBDA) and the U.S. Patent and Trademark Office (USPTO) will co-host the second of three complementary three part webinar series to help business owners understand the intellectual property process, starting on Wednesday, August 12.

    This webinar series will teach attendees how to electronically file a copyright, patent, and trademark application. Join us as we provide minority business owners and innovators with a wealth of information, resources, and tools to protect and promote their intellectual property. Get answers from USPTO and Copyright Office intellectual property experts Sylvester Simpkins, Craig Morris, and Jeffrey Wong.

    While there is no cost for the next USPTO-MBDA webinar, virtual space is limited, so you’ll want to register as soon as you can.

  • Submitted on 23 July 2014

    Created on July 23, 2014
     

     

    National Director Alejandra Y. Castillo at  International Multicultural & Heritage Tourism Summit & Trade Show

    Pictured left to right: Ron Busby, President. U.S. Black Chamber of Commerce; Alejandra Y. Castillo, MBDA National Director; Andy Ingraham, President National Association of Hotel Owners, Operators and Developers; and Toya Powell, VP U.S. Black Chamber of Commerce

     

    On Friday July 18th, National Director Alejandra Y. Castillo spoke at the International Multicultural & Heritage Tourism Summit & Trade Show at the invitation of National Association of Black Hotel Owners, Operators & Developers (NABHOOD). As director of the Minority Business Development Agency (MBDA) – the only federal agency tasked with building the size, scale, and capacity of minority businesses – Castillo was able to offer particular insight into the theme of this year’s conference, which was the “Business of Multicultural & Heritage Tourism.” Castillo highlighted the strong alignment of interests between MBDA and the success of minority-owned businesses in the tourism industry.

    She also indicated how MBDA, through its resources, can offer particular support to this business community by working to increase their access to capital financing. In addition, the conference was a learning opportunity for MBDA as it allowed Castillo and her staff to learn more about this $90 billion market sector, and the particular challenges minority-owned businesses face working in this industry.

  • Submitted on 22 July 2014

    Created on July 22, 2014
     

    MED WeekThe Minority Business Development Agency’s (MBDA) signature event is right around the corner. The 2014 National MED Week Conference will be held July 31 to Aug. 1 at the Washington Hilton Hotel in Washington, D.C.

    The yearly conference features opportunities for minority businesses to engage and connect with numerous subject-matter experts in the private and public sectors. One of the featured events during the conference is the MED Week Awards Luncheon.

    “This year’s MED Week awardees exemplify growth, diversity and transformation, and are true champions for the minority business community,” said Alejandra Y. Castillo, MBDA National Director. “We’re very proud of their tremendous achievements in helping grow the national economy through innovation, job and wealth creation.”

    In addition to this year’s 13 MED Week Award winners, MBDA will honor two individuals with a National Director’s Special Recognition and a Pioneer’s Recognition.

  • Submitted on 18 July 2014

    Created on July 18, 2014
     

    Connecting Business with Opportunity is the theme of the 2014 National MED Week Conference on July 31-August 1 in Washington D.C.  This year’s event introduces an all new B2B Best! matchmaker and expo that will engage, educate, and connect conference attendees. 

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MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
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