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  • Submitted on 14 October 2011

    SBA Announces Record Loan Approval Volume in FY 2011 - Supporting Over $30 billion in Small Business Lending

    Record $12 billion 1st Quarter Followed By Return to Pre-Recession Levels

    Spurred in part by unprecedented loan volume in the year’s first quarter, small business loans backed by the U.S. Small Business Administration in FY2011 reached the highest mark in the agency’s history, supporting over $30 billion, continuing the rebound begun in 2009 and returning to healthy pre-recession levels in the final three quarters of the year.

  • Submitted on 15 September 2011

    Brazil ITA Tour with Nicole Y. Lamb-Hale“It’s Brazil’s Time!”  I still can hear the clarion call of Rick Fedrizzi, President of the U.S. Green Building Council, from his opening speech during the Green Building Conference Brasil in São Paulo last week.  I was in Brazil to foster expanded commercial ties between Brazilian and American firms in the green building and energy sectors and advance the objectives of the U.S.-Brazil Strategic Energy Dialogue.  For a portion of the trip, I accompanied 14 companies participating in the Department of Commerce-certified, Brazil-U.S. Business Council-organized Trade Mission. These are innovative and forward-thinking small and medium companies interested and ready to export green building products to Brazil.

    Fedrizzi also pointed out that Brazil was among the top five countries for LEED certifications, so there is definitely a market opportunity for these companies. It also helps that financing is available for construction of buildings designed to LEED specifications.  Brazil is rushing to get ready for the 2012 World Cup and the 2016 Olympics.

    The president’s trip to Brazil earlier this year laid the groundwork for wider U.S. participation in Brazil’s rapidly growing green energy sector.  I was excited to be able to participate with the companies as they are primed to take advantage of these incredible opportunities in the Brazilian market, especially the green building sector. This is a priority area for the President’s National Export Initiative, not only because it can generate new sales for American industry but also because it is a powerful way to grow green jobs in the United States. U.S. goods exports to Brazil in 2010 were $35.4 billion, up 36 percent from 2009. In 2010, Brazil was the eighth-largest export market for U.S. goods.

  • Submitted on 30 August 2011

    The U.S. Small Business Administration will host the second of its Export Matchmaker Trade Fair & Conference series in Tampa, Fla., on September 14.  The program is designed to provide small business manufacturers and suppliers an easy and inexpensive means for exporting their products by matching them with trade intermediaries from across the country.

    “One of President Obama’s goals in the National Export Initiative is to double U.S. exports in five years,” said SBA Administrator Karen Mills.  “In these challenging economic times, and with 96 percent of the world’s population living outside the U.S., it just makes sense for Florida’s small businesses to export.”

  • Submitted on 22 August 2011

    Connecting Line Technological PotentialSmall Business Innovation Research (SBIR) Program

    The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.

  • Submitted on 24 May 2011

    Regional innovation clusters are based on a simple but critical idea:  if we foster coordination between the private sector and the public sector to build on the unique strengths of different regions - while creating the incentives for them to do so - we will be better equipped to marshall the knowledge and resources that America needs to compete in the global economy.

    The $33 million Jobs and Innovation Accelerator Challenge that the Obama Administration announced yesterday will help capitalize on shared strengths, encouraging America's regions to plan more strategically to support long-term growth and an environment where the private sector can succeed.  It reflects an understanding by both private sector leaders and policymakers that we must implement strategies that capitalize on the full extent of regional assets and ensure that the benefits of cluster development extend to all workers and communities throughout the region.

  • Submitted on 24 May 2011

    A proposed rule published today for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in the transportation and warehousing sector to reflect changes in marketplace conditions in those sectors.  

    The proposed revisions would increase the revenue-based size definition businesses must meet to qualify as small businesses in 22 industries of the transportation and warehousing sector. As part of its ongoing comprehensive review of all size standards, the SBA evaluated all industries in this sector that have revenue-based size standards to determine whether the size standards should be retained or revised.  

  • Submitted on 13 May 2011

    “Startup America also represents a historic partnership with business leaders, investors, universities, foundations, and non-profits, and we're urging others to join them in this effort. For entrepreneurs speak to what's best about America, and in their drive and innovative spirit -- in their willingness to take a risk on a bold idea -- we can see the future. We can see how America will compete and win in the 21st century global economy.” President Obama

  • Submitted on 02 May 2011

    The U.S. Small Business Administration has approved an initial group of six community-based, mission-focused lenders to start accepting and processing Community Advantage loan applications from small business borrowers immediately, the agency announced today.

  • Submitted on 27 April 2011

    A new video series launched today by the U.S. Small Business Administration and ADP® offers insight into the story behind the story of six successful American companies.  Featuring the individuals who built their businesses from an idea to become industry leaders, the “America’s Best” series shares keys to success, best practices and lessons learned for today’s entrepreneurs.

    “With this series, SBA and our partner ADP offer current and potential entrepreneurs a chance to hear from the people who built their big ideas into some of America’s most successful companies,” SBA Administrator Karen Mills said.  “These six people share their personal perspectives and insights into the challenges they faced, along with their failures and successes, while also offering an inspirational look at the resiliency behind America’s spirit of entrepreneurship.”

    The “America’s Best” video series is available online at www.sba.gov/AmericasBest and on www.ADP.com.  The series was produced in partnership between SBA and ADP, a provider of human resource outsourcing, payroll services and benefits administration. 

  • Submitted on 26 April 2011

    National Director David HinsonIn recognition of Earth Day on April 22nd, I wanted to talk to you about conservation and our efforts to create environmental jobs and promote green technology.

    Conservation means making sure the limited resources we use to power our homes and car and produce materials are used more responsibly. It means maximizing efficiencies and doing more with less—areas in which minority-owned businesses excel. Thankfully, while we may have a finite amount of coal or oil, our entrepreneurial capacity is infinite. Our transition toward a more sustainable system provides countless opportunities for innovation in green industries. 

    Green is also the color of money, and what’s good for the environment is good for the economy. Working towards environmental sustainability creates news jobs, new markets, and new industries. Minority-owned businesses can find excellent opportunities retrofitting houses and offices to be more energy efficient, constructing wind turbines, providing green recycling and disposal services, and more.

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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