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  • Submitted on 18 March 2013

    Created on March 18, 2013
     

    Top Photo - Alison Gatchev, OPIC Director of Corporate Development, addresses the OPIC-MBDA Expanding Horizons seminar in Cleveland as OPIC Director of Outreach and Public Affairs Dr. Lawrence Spinelli looks on. (Photos: Jay R. Fogel)<br />
Bottom Photo - Dr. Spinelli and Ms. Gatchev with Raland Hatchett, Executive Director of the MBDA Business Center-Cleveland.OPIC kicked off its 2013 Expanding Horizons series in Cleveland yesterday  by educating 100 Ohio small business owners about how OPIC products can help them take advantage of investment opportunities in emerging markets – the very markets where a majority of the world’s economic growth will take place in coming years.

    Co-hosted with the Minority Business Development Agency Business Center-Cleveland, the half-day seminar was a hands-on tutorial in the innovative financial tools – among them financing and political risk insurance – that OPIC has used for four decades to help Ohio businesses successfully invest in those markets.

    A profile of DLZ Corporation, a Columbus engineering firm that used an OPIC loan for a hydro power project in India as a springboard to subsequent growth.

    “Ohio has a long tradition of innovation, particularly as an incubator for small businesses and new technologies. We believed Cleveland was an important place to come to as its SMEs consider engaging in the global marketplace,” said OPIC Director of Outreach and Public Affairs Dr. Larry Spinelli, who led the seminar.

    “And our message is this: there are a lot of opportunities in emerging markets, but also challenges. OPIC is here to help Ohio small businesses to take advantage of those opportunities by managing those challenges in an effective way,” Dr. Spinelli said. “We couldn’t ask for a better partner in getting this message across than the MBDA.” 

    Raland Hatchett, Executive Director of MBDA Business Center-Cleveland, said, “The information provided in the seminar was impactful, insightful and well-received – a fact supported by the number of questions from the minority-owned business owners in the audience. I highly recommend that others use the seminar to disseminate information about OPIC.”

  • Submitted on 08 March 2013

    Created on March 8, 2013
     

    Abe VenableIn 1970 Abraham S. Venable was appointed by President Richard Nixon to serve as the Minority Business Development Agency’s first African American Director. Under his leadership, President Nixon signed Executive Order 11625 to develop and coordinate a national program for minority enterprise that has now been in existence for over 40 years. After leaving MBDA, Mr. Venable remained dedicated to championing minority-owned firms and spent nearly 20 years working with General Motors Co., to increase its business relationships with minority-owned dealerships, suppliers, insurers and banks. Mr. Venable’s efforts helped to spur the dramatic growth of opportunities for minority-owned businesses in both the public and private sectors in recent decades.

    In recognition of Mr. Venable’s estimable record of minority business advocacy, MBDA named a National Minority Enterprise Development (MED) Week award in his honor, the “Abe Venable Award for Lifetime Achievement,” to acknowledge individuals who have played an integral role in the creative, technical or professional progress of the minority business community. Recent honorees have included Rush Communications LLC Founder Russell Simmons and U.S. Representative Silvestre Reyes. Through this award, MBDA is ensuring that Mr. Venable’s legacy of fostering economic opportunities for minority entrepreneurs will endure.

  • Submitted on 25 February 2013

    Created on February 25, 2013
     

    The name “Tennessee” originated from an old Yuchi Indian term "Tana-see" meaning "The Meeting Place".  With the state’s long history of entrepreneurship and innovation, it’s no coincidence that an MBDA Business Center has made its home in Memphis.  

  • Submitted on 25 February 2013

    Created on February 25, 2013
     

    “So let us honor those who came before by striving toward their example, and let us follow in their footsteps toward the better future that is ours to claim.”

     President Barack Obama, 2013 National African American History Month Proclamation

    As a Harvard-trained historian, Carter G. Woodson, like W. E. B. Du Bois before him, believed that truth could not be denied and that reason would prevail over prejudice.  His hopes to raise awareness of African American's contributions to civilization was realized when he and the organization he founded, the Association for the Study of Negro Life and History (ASNLH), conceived and announced Negro History Week in 1925.  The event was first celebrated during a week in February 1926 that encompassed the birthdays of both Abraham Lincoln and Frederick Douglass.  The celebration was expanded to a month in 1976, the nation's bicentennial.  By this time, the entire nation had come to recognize the importance of Black history in the drama of the American story.

  • Submitted on 29 January 2013

    While most of the work the MBDA Business Center in San Juan, Puerto Rico  does is conducted in Spanish, that is where the differences between it and the 40 other MBDA Business Centers across the country end. Just like the other MBDA Business Centers throughout the nation, the Puerto Rico MBDA Business Center works diligently to secure contracts for its clients and build wealth for its community. It also guides clients in putting together business strategies that will attract financing.

    One recent example that stands out involved a business owner looking to open a jewelry store in the island’s biggest shopping mall. Confident that the endeavor would be a huge success, after being turned away by bank after bank, the owner contacted the MBDA Business Center.

  • Submitted on 21 December 2012

    Created on December 21, 2012
     

    MBDA’s National Minority Enterprise Development (MED) Week has by tradition set the standard as the premier event for minority entrepreneurs, business owners, and advocates. On December 5-6, the 30th anniversary milestone event officially joined the ranks as one of the most successful MED Week’s in the history of the conference.

    This year’s event was attended by nearly 1,300 individuals representing a broad range of industries from across the globe. In the State of Commerce Address, Acting U.S. Commerce Secretary Rebecca Blank opened the conference with inspirational remarks on the growth of the economy and highlighted the crucial role that minority-owned businesses play in exporting and job creation. Acting Secretary Blank’s address embodied the theme of this year’s conference, Job Creation in America: Build it Here – Sell it Everywhere!, and set the tone for the conference agenda, which included an International Business-to-Business Linkage networking reception attended by the Brazilian Ambassador to the United States, a partnership announcement between MBDA and the Export-Import Bank that launched the “Global Outreach Alliance,” and numerous seminars and workshops focused on the global supply chain and emerging markets.

  • Submitted on 29 November 2012

    Created on November 29, 2012
     

    The Minority Business Development Agency pays tribute to the rich ancestry and traditions of Native Americans as we approach the final days of Native American Heritage Month.  According to the U.S. Department of the Interior, Bureau of Indian Affairs, “What started at the turn of the century as an effort to gain a day of recognition for the significant contributions the first Americans made to the establishment and growth of the U.S., has resulted in a whole month being designated for that purpose.”

  • Submitted on 29 November 2012

    Created on November 29, 2012
     

    For decades, MBDA has supported expanded trade through minority-owned and operated businesses recognizing that minority-owned firms have the most favorable export attributes of any sector of the U.S. economy. In 2011 MBDA began the formal process of institutionalizing efforts to aid minority-owned businesses globally. With President Obama’s launch of the National Export Initiative, the focus on minority exporters and their ability to support domestic job growth has taken on added importance.

  • Submitted on 01 October 2012

    Created on October 1, 2012
     

    White House Business Council Forum on Business in Indian CountryPresident Obama created the White House Business Council to hear directly from business owners about what the Administration can do more of – or less of – to help create jobs; and to ensure that businesses are aware of the programs and resources that can help their companies grow. That’s exactly what occurred last week at the White House Business Council Forum on Business in Indian Country. The Forum brought Native American and Alaska Native business owners together with non-profit Indian Country support organizations to discuss ideas that can lead to job creation and economic expansion. We were proud to have the participation of Acting Secretary of Commerce, Dr. Rebecca Blank, who listened and responded candidly to a number of concerns, suggestions and feedback.

    Overall, the day’s dialogue centered around three core challenges—preparing and retaining future leaders and entrepreneurs; raising capital for emerging businesses; and finding domestic and international markets for tribal commodities such as natural resources and agricultural products.

  • Submitted on 25 September 2012

    Created on September 25, 2012
     

    Beginning on September 19 through the 22nd, the Congressional Black Caucus Foundation (CBCF) hosted the 42nd Annual Legislative Conference (ALC) in Washington, D.C. The conference, with the theme of Inspiring Leaders/Building Generations, brought together leaders of industry, policy, education, and the population at-large to discuss issues of importance to the African American community.

    Marcus on panel discussion at CBCFThe Minority Business Development Agency (MBDA) was proud to participate in two discussions during ALC focused on empowering African American communities through economic opportunities both at home and abroad. On Day two of the conference, Kimberly Marcus, Associate Director for the Office of Legislative, Education, and Intergovernmental Affairs, participated in a panel hosted by Mid-Tier Advocacy examining challenges faced by small and emerging businesses in federal contracting. Marcus spoke to the resources provided by MBDA specifically the recently launched Federal Procurement Center as well as online tools such as the Phoenix-Opportunity Database. She was joined on the panel by Bridget Bean of the Small Business Administration, Ben Gaither of IBM, and Congressman Hank Johnson (GA-04).

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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