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  • Submitted on 04 November 2013

    As we celebrate Native American Heritage Month the Minority Business Development Agency would like to pay tribute to the rich ancestry and traditions of Native Americans. While we take great pride in honoring their many accomplishments and contributions to American society, I want to highlight their contributions to the U.S. economy and the minority business community. Here are some quick facts about the Native American business community:

    • There are 236,000 Native American-owned firms in the U.S.

    • 10 percent have paid employees (average 8 per firm), and over $1.2 million in annual receipts.

    • This sector generates $34.4 billion in annual economic output.

    • Native American-owned firms employ 185,000 workers.

    MBDA continues to invest in Indian Country to support job creation and economic development through the operation of MBDA Business Centers in states with large American Indian populations. MBDA now has six centers addressing the unique economic challenges and opportunities in Indian Country. The centers are located in Alaska, California, Connecticut, North Dakota, New Mexico, and Oklahoma.

  • Submitted on 04 November 2013

    MBDA Business CenterThe Phoenix MBDA Business Center will partner with the Thunderbird School of Global Management on November 21 to host its first Global Business Conference. The idea began as the result of a casual conversation between Alika Kumar, Project Director of the Phoenix MBDA Business Center and a former professor. They both saw the need to ensure that the Arizona minority-owned business community is informed about the business opportunities that exist outside of the U.S.

    As ideas evolve, so have the topics that will be covered during the conference.  Among the scheduled sessions are: The Future and Why You Cannot Ignore It (International Trade Administration); Building International Partnerships; and The Nuts & Bolts of Doing Business Abroad.  Ms. Kumar’s goal is to reach out to Arizona minority-owned businesses and anyone else interested in increasing their exports. The conference is highly anticipated with experts from the Thunderbird School of Global Management, U.S. Export Assistance Centers (International Trade Administration), the Minority Business Development Agency, EXIM Bank of the U.S., Bank of America, and the Arizona International Growth Group.

  • Submitted on 04 November 2013

    Created on November 4, 2013
     

    David A. HinsonDavid A. Hinson, MBDA National Director, was selected as one of Diversity Plus magazine’s 2013 Top 30 Champions of Diversity.  Hinson was selected for his demonstrated leadership, and for going above and beyond to mentor and assist with the growth of minority-owned firms. Diversity Plus acknowledged the fact that since the start of the Obama Administration, MBDA has helped minority-owned businesses access $14.6 billion in contracts and capital (through fiscal year 2012). This represents a 108 percent increase over the prior administration. The Agency’s clients have also created and saved nearly 40,000 jobs, making the four years under Hinson’s leadership the best performing years in MBDA’s 44-year history.

    Visit Top 30 Champions of Diversity to see the other champions. 

  • Submitted on 25 October 2013

    Created on October 25, 2013
     

    Castillo at Hispanic Heritage Foundation The Hispanic Heritage Foundation held their first Hispanic Business Community Awards celebration Oct. 23 at the Capital One Bank headquarters in McLean, Va. The awards recognized the impact of Latino business leaders on the Greater Washington, DC community.

    Alejandra Y. Castillo, MBDA National Deputy Director, was one of five awardees honored at the event. Castillo received the Public Service Leadership award.

    “I’m very honored to receive this award,” she said. “I have a rewarding job where every day I come to work and have the unique privilege of honoring my father. He emigrated from the Dominican Republic and started his own business. That’s what inspires me to help minority-owned companies grow their own business.”

    U.S. Secretary of Commerce Penny Pritzker also congratulated Castillo on the recognition.

    “I am happy to congratulate MBDA National Deputy Director Alejandra Y. Castillo on receiving the Hispanic Business Community Award for Public Service Leadership,” said Pritzker. “The Hispanic Heritage Foundation’s recognition of Ms. Castillo’s leadership and critical work is a testament to the service and dedication of our Commerce Department employees.”

  • Submitted on 01 October 2013

    Created on October 1, 2013
     

    Annual funding for the government expired on September 30. The Administration strongly believed that a lapse in funding should not occur. The Department is prepared for a lapse in funding that would necessitate a significant reduction in operations. Prior to a potential lapse in funding, the Office of Management and Budget (OMB) required the Department to submit a draft plan for agency operations (PDF) in the absence of appropriations (a “shutdown plan”).

    The plan may be modified with additional guidance from the Office of Personnel Management and OMB, and may be changed by the Department, as circumstances warrant. This plan (PDF) complies with the guidance provided by the Office of Management and Budget, the Department of Justice and the Department of Commerce. All employees who are Presidentially Appointed, Senate Confirmed will remain on duty.

  • Submitted on 12 September 2013

    Created on September 12, 2013
     

    Thanks to innovative technologies and manufacturing methods, coupled with the need to reduced usage and costs, cities today have a variety of street and byway lighting options.  The city of Oakland, California is switching to light emitting diode lighting (LED), and chose Amland Corporation of San Jose to replace 30,000 high pressure sodium street lights with what promises to be energy efficient and long-lived LEDs. This project will illuminate 800 miles of city streets — the equivalent of 450 square miles.

    Amland’s president, Kevin Phan, is excited about the project, both for the sake of his firm and the benefits LED technology has for the larger community.  An immigrant from Vietnam, Mr. Phan came to the United States in 1982 and went to work for CalTrans, where he developed his interests in electrical contracting and civil transportation engineering.

  • Submitted on 12 September 2013

    Created on September 12, 2013
     

    FY2012 Capital and Contracts for Hispanic-American Firms

    Hispanic-owned firms contribute greatly to U.S. exports, which are a critical component of our Nation’s economic growth. The percentage of Hispanic American-owned firms that export (7.2 percent) is more than double that of all U.S. firms. Hispanic American-owned firms export an average of $2.3 million in annual receipts, compared to their non-exporting counterparts, who average $124,000.

    As we observe Hispanic Heritage month, which runs from Sept. 15 – Oct. 15, it is important to recognize the many contributions Hispanic-owned businesses have made to the U.S. economy:

    • There are 2.6 million Hispanic American-owned firms in the U.S.;

    • Eleven percent have paid employees (averaging eight per firm), and over $1.1 million in annual receipts;

    • Hispanic-owned businesses generate $351 billion in annual economic output; and

    • Hispanic-owned firms employ 1.9 million people each year.

    One example of a successful Hispanic-owned business is TIG/m, a California railcar manufacturer, which generates 100 percent of its revenue from exports. Alvaro Villa, who came to America as a teenager, founded TIG/m after a career with Disney, where he established a worldwide reputation for building quality robotic amusement rides and attractions. As trains are an integral part of most amusement park attractions, his transition to railcars came quite naturally.

  • Submitted on 15 August 2013

    Created on August 15, 2013
     

    Mobile MBDA Business Center Holds Forum to Help Minority Business Owners

    Alabama StampStriving to help the Gulf Coast’s minority-owned businesses succeed, the Mobile MBDA Business Center held their first Gulf Coast Economic and Industry Development Forum at the Mobile Area Chamber of Commerce on July 26.

    The event provided a platform for government, financial, community, and business leaders to discuss the successes and challenges of the minority business community, and to formulate new strategies to ensure their growth and global competitiveness.

    “In the 15 states represented by the Southern Office of the Council of State Governments, there are more than 1.5 million minority-owned businesses,” said Pamela Ramos, Mobile MBDA Business Center’s executive director. “Our forum gave minority-owned businesses an opportunity to find ways of networking and access to capital—two of the biggest hurdles they face in their path to success.”

  • Submitted on 17 July 2013

    Created on July 17, 2013
     

    MBDA LeadershipNewly appointed Commerce Secretary Penny Pritzker visited Minority Business Development Agency (MBDA) employees during their staff meeting Monday.

    During the visit, Secretary Pritzker talked to MBDA staff about her commitment to supporting the Agency’s mission of helping minority-owned businesses grow and create American jobs.

    The secretary, who was familiar with MBDA’s work prior to joining Commerce, commended the agency on their recent annual performance report, and told employees that she looks forward to working with them to further the department’s mission.

    During her recent address to the Commerce workforce, Secretary Pritzker emphasized she would work every day – 24/7 – to ensure that everyone in Washington, DC, across the country and around the world knows the great work agencies and employees are doing.

  • Submitted on 10 July 2013

    Created on July 10, 2013
     

    About 15 miles inland from the Pacific Ocean, in the largest city on the West Coast, is MBDA’s Los Angles Business Center.

    To meet the diverse needs of their clients, the Los Angeles MBDA Business Center staffs two offices. One office is located on the campus of the University of Southern California and allows clients to benefit from the resources of academia. While the second office, located at city hall in the Los Angeles Mayor’s Office of Economic and Business Policy, brings clients closer to the connections of local government and private industry. Their unique service model continues to yield tremendous results in providing the Los Angeles minority business community with valuable business resources including access to contracts and capital.

    One of the highlights of the LA MBDA Business Center is its Annual Minority Business Award Program, which was recently held at City Hall. Beginning in 1995 and continuing every year since then, this year’s awards ceremony recognized industry leaders that play a role in building the economy through job creation.

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

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