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From the Director


  • Submitted on 29 June 2012

    David Hinson, National Director

    When Muhammad Ali, the legendary world heavyweight boxing champion, was asked by reporters why he kept boasting about being the greatest in the ring, he used to say, “It isn’t bragging if you can back it up.”

    The MBDA FY2011 Annual Performance Report (APR) backs up what we’ve been saying about MBDA’s achievements under President Obama. In 2011, we registered the best performance in our 43-year history. It was our third record-breaking year in a row.

  • Submitted on 31 May 2012

    Today, I held a series of conference calls with MBDA staff and stakeholders to announce congressional approval of our proposal to realign our regional office structure.  This change will enhance the efficient delivery of funds and services to our mission critical programs—particularly, the MBDA Business Center grassroots network that interacts directly with minority business owners on a daily basis.

  • Submitted on 22 May 2012

    David Hinson, National Director

    World Trade Month:  Promoting Products Made in the U.S. Abroad

    May, designated as World Trade Month, is marked by events across the country to promote U.S. trade relationships and provide resources to U.S. businesses looking to export their goods and services around the world. This year it has particular significance – the Obama Administration and the Commerce Department have made increasing exports and revitalizing America’s manufacturing sector among their top priorities. It makes good business sense to link the two. Both manufacturing and exporting play a role in strengthening our economy, creating jobs and opening up opportunities for minority-owned businesses.  

    In 2011, the United States hit an all-time record of $2.1 trillion in U.S. exports. More than half of that -- about $1.3 trillion – was manufactured goods. And manufacturing not only drives exports, it also spurs innovation. Last year, manufacturing was responsible for 70 percent of our private sector R&D and 90 percent of our patents, according to a newly released Commerce Department report.  The report also shows that manufacturing workers earn pay and benefits about 17 percent higher than other workers.

  • Submitted on 30 April 2012

    David Hinson, National Director

    Greetings!

    The Obama Administration and the Department of Commerce are committed to creating a level playing field so that all American businesses have a fair shot at creating the jobs Americans need and exporting the goods and services the rest of the world demands.  At MBDA that commitment translates into giving minority entrepreneurs the tools and resources they need to succeed and opening up opportunities, often in areas where they have had limited success in the past. Winning federal contracts is a great example.

  • Submitted on 27 March 2012

    David Hinson, National Director

    Greetings!

    In his State of the Union address, President Obama laid out a blueprint for constructing an economy built to last -- an economy built on American manufacturing, American energy, and American ingenuity. An economy that’s built on making things the rest of the world wants to buy and where, if you work hard, you can earn a decent living.

  • Submitted on 24 February 2012

    David Hinson, National Director Supporting the growth and global competitiveness of minority-owned businesses is a priority for the Department of Commerce and the Obama Administration.

    And we’re making good on that priority. Last year, the Department’s Minority Business Development Agency (MBDA) registered the best annual performance in its 41-year history. It assisted minority-owned businesses in gaining access to nearly $4 billion in contracts and capital, supporting the creation of nearly 6,000 much-needed jobs. Over the last three years, our network of 39 MBDA Business Centers, has been largely responsible for generating $10 billion in contracts and capital while helping to create and save nearly 20,000 jobs.

    Today, the challenge for MBDA– like so many organizations across the federal government – is to figure out how we build on that record while becoming more efficient.  A number of bureaus right here within the Commerce Department are facing a similar challenge, which has led, for example, to consolidating or otherwise cutting several programs in the National Oceanic and Atmospheric Administration (NOAA), restructuring some units within International Trade Administration (ITA) and shifting the Economic Development Administration’s (EDA) emphasis to regional innovation strategies. So how do we meet the President’s mandate to improve services to minority-owned businesses and entrepreneurs in an increasingly difficult budget environment?

  • Submitted on 20 December 2011

    David Hinson, National DirectorGreetings,

     As we close out 2011 and prepare to enter 2012, one cannot help but reflect on the year that was and look ahead to the year to come. 2011 proved to be a productive and exciting year for the Minority Business Development Agency (MBDA). MBDA took bold steps and explored new markets all in an effort to enhance our ability to empower the minority business community and create jobs for all Americans.

    During 2011, MBDA committed nearly $14 million over five years to the MBDA Business Center program. The redesigned program eliminates geographic boundaries of the centers so they can assist minority entrepreneurs nationwide with access to markets, contracts and capital and offer strategic business consulting services. The Agency also expanded its footprint with new center locations in Denver, CO, Cleveland, OH, Boston, MA, and Minneapolis, MN and a satellite presence in Anchorage, AK.

    As part of the nearly $14 million commitment, MBDA dedicated $1.75 million to open the Federal Procurement Center in Washington, DC with a sole focus of increasing the accessibility of the federal marketplace to minority-owned firms nationwide.

  • Submitted on 17 November 2011

    David Hinson, National DirectorIn support of the President’s call to increase collaboration among federal agencies and with private and public sector entities, there has been an abundance of interagency initiatives geared to increase job creation and entrepreneurship. Among these, MBDA has partnered with other federal agencies in support of the Job and Innovation Accelerator, Strong Cities, Strong Communities and Start-Up America.

    As a federal partner, MBDA is providing technical support to grantees of the Job Accelerator to identify and match minority businesses with potential procurement opportunities resulting from the 20 regional innovation clusters.  Moreover, we are excited that three MBDA Business Center operators won grants to implement the Job Accelerator projects.  MBDA also has boots on the ground in New Orleans and Fresno, California to support economic development, business formation and expansion in those cities as part of the Strong Cities, Strong Communities initiative. In addition, MBDA continues to participate in the Start-Up America initiative to support business formation and innovation.

    As many of you may know, last year the President signed into law The Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, to promote the financial stability of America and to protect consumers from abusive financial service practices, among other purposes.  In particular, the law brought many changes to increase transparency and accountability in the financial industry, strengthen consumer protection against unfair lending practices, and to promote greater inclusion of minorities and women in the employment and procurement of federal financial regulatory agencies.  The law established the new Consumer Financial Protection Bureau and the Offices of Minority and Women Inclusion at the Department of the Treasury, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the newly created Consumer Financial Protection Bureau, among other federal financial regulatory agencies.

  • Submitted on 20 October 2011

    David HinsonGreetings!

    As we embark on a new fiscal year, I’d like to begin by thanking all of you who helped make our Minority Enterprise Development (MED) Week Conference such a huge success. We had over 800 people in attendance learning about the best strategies to pursue government contracting opportunities, take advantage of new industries, and cultivate strategic partnerships to grow.  Please visit the MED Week website to view the photos and remarks from some of our most notable speakers like HHS Secretary Kathleen Sebilius, Acting Secretary of Commerce Rebecca Blank, Treasury Assistant Secretary for Management Dan Tangherlini and others.

    MBDA was busy building relationships as well. We signed three distinct Memorandums of Understanding (MOU) designed to foster minority business growth and development with Tremco, Inc., IBM, and the Republic of Turkey’s Small and Medium Enterprises Development Organization.

  • Submitted on 19 September 2011

    David HinsonGreetings,

    Recently, President Obama presented an aggressive plan to help small businesses get Americans back to work. The American Jobs Act would provide payroll tax cuts for 98% of businesses, a $4,000 tax credit for hiring workers who have been unemployed for more than six months, and extend the 100% expensing tax credit for large and small businesses.

    The plan also includes provisions to expand job opportunities for hundreds of thousands of low-income youth and adults through a new Pathways Back to Work Fund that supports summer and year round jobs for youth; innovative new job training programs to connect low-income workers to jobs quickly; and successful programs to encourage employers to bring on disadvantaged workers. 

    The President is also directing executive branch agencies to accelerate their payments to small business contractors so they can reinvest that money in the economy and drive job growth.  Additionally, the President is tasking his CFO and CTO with creating a one-stop, online portal for small businesses to easily access government services.

Did you know...

Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
Graph for New Jobs Created

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