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  • Submitted on 10 November 2014

    Created on November 10, 2014
     

    The Minority Business Development Agency (MBDA) is committed in supporting U.S. veterans. It is an honor to celebrate the many contributions of our service members as they continue helping our country thrive. Our veterans are the bedrocks of our Nation and have served or continue serving, as the guardians of our society.

    At MBDA we thank all veterans for their service and are fortunate to have a number of them working with us day-to-day supporting minority-owned businesses and helping grow the U.S. economy. Each one brings a unique contribution to our agency, here are a few examples of their continued service to our Nation.

  • Submitted on 06 November 2014

    Created on November 6, 2014
     

    EntreprenuersFor more than four decades, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to minority businesses enterprises (MBEs), which are increasingly critical contributors to the U.S. economy.

    With an eco-system of 44 MBDA Business Centers located across the U.S. and in Puerto Rico, the Agency’s national programs and initiatives provide increased access to contracts, capital and markets. Although the centers are strategically located in areas with the largest number of MBEs, there are no geographical boundaries for service delivery, which allows MBDA clients, regardless of their location, to seek services from any MBDA Business Center.

  • Submitted on 23 October 2014

    Created on October 23, 2014
     

    Inaugural Minority Investment Forum

    On October 21st, in partnership with the Association for Corporate Growth (ACG), MBDA, and the Chicago MBDA Business Center launched the inaugural 2014 Minority Finance Forum during the 15th annual Midwest ACG Capital Connection, the country’s largest collection of private capital for middle market investment.  The Forum had approximately 100 participants including MBE clients and minority business advocates who were introduced to nearly 150 of the most active middle market investors, leaders, advisors, and deal makers from across the country.

    As a result, minority-owned firms that attended had access to more than $160 billion in deal-flow activity creating opportunities to source capital, partner with companies for mergers and acquisitions and to network with investment bankers and private equity investors.  MBDA National Director Alejandra Y. Castillo also attended and shared the importance of building strong strategic partners with minority-owned businesses and becoming a visionary investor as a strategic step toward embracing the changing composition of the national business community.

  • 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 15 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.

 

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