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News and Announcements

  • Submitted on 13 January 2017

    ATLANTA — U.S. Assistant Secretary of Commerce for Economic Development Jay Williams and the Minority Business Development Agency’s National Director Alejandra Y. Castillo joined the family of H.J. Russell earlier today to announce a new partnership and discuss renovations for the Russell Center for Innovation and Entrepreneurship (RCIE). The 40,000-square-foot facility, located in the same building as the former headquarters of H.J. Russell & Company at 504 Fair Street on Atlanta’s west side, will provide space to more than 100 emerging entrepreneurial companies. The Russell family, local business leaders and elected officials and representatives, joined Commerce Department officials for the announcement.

  • Submitted on 30 December 2016

    The U.S. Small Business Administration (SBA) announced the Aspire Challenge, a prize competition of up to $1.2 million to expand access to entrepreneurial education and microloans for formerly incarcerated individuals. The competition will make up to 16 awards of $75,000 to organizations across the nation to assist in delivering entrepreneurial training and microloan assistance to formerly incarcerated individuals.

  • Submitted on 07 December 2016


    With the recent conclusion of another annual celebration of Hispanic Heritage Month, here are two sources of business data that show gains in America’s Hispanic-owned businesses.

    Survey of Business Owners

    The number of U.S. businesses owned by Hispanics grew by more than 1 million firms, or 46.3 percent, from 2.3 million to 3.3 million from 2007 to 2012. In contrast, the total number of all U.S. firms increased 2.0 percent during the same period, from 27.1 million to 27.6 million.

  • Submitted on 01 December 2016

    “[I]t has been the risk-takers, the doers, the makers of things—some celebrated, but more often men and women obscure in their labor—who have carried us up the long rugged path towards prosperity and freedom.” – President Obama, Inaugural Address, January 21, 2009

    America’s entrepreneurial economy is the envy of the world.  Young companies account for almost 30 percent of new jobs, and as we have fought back from the worst economic crisis of our lifetimes, startups have helped the U.S. private sector create 15.5 million jobs since early 2010—the longest streak of private-sector job creation on record. 

  • Submitted on 14 November 2016


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    Entrepreneurs in America have long lent their talents and passions to solving problems, generating growth and prosperity, and turning dreams into new goods and services for people across our Nation and around the world. During National Entrepreneurship Month, we celebrate the entrepreneurs who serve their communities and bolster our economy, and we pledge our support for them in their pursuit of the ideas and innovations of tomorrow.

  • Submitted on 01 November 2016

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    As the First Americans, Native Americans have helped shape the future of the United States through every turn of our history. Today, young American Indians and Alaska Natives embrace open-ended possibility and are determining their own destinies. During National Native American Heritage Month, we pledge to maintain the meaningful partnerships we have with tribal nations, and we renew our commitment to our nation-to-nation relationships as we seek to give all our children the future they deserve.

  • Submitted on 31 October 2016

    In celebration of the 2016 Minority Enterprise Development Week, U.S. Secretary of Commerce Penny Pritzker today delivered a keynote address at the National Minority Supplier Development Council (NMSDC) Conference in Chicago. Speaking to more than 2,000 CEOs and minority business leaders, Secretary Pritzker highlighted the remarkable growth of minority-owned enterprises that had taken place during the Obama administration and reaffirmed the Commerce Department’s commitment to helping minority businesses overcome the challenges they still face in today’s economy.

  • Submitted on 20 October 2016


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    Since our earliest days, entrepreneurship has embodied the very promise of our Nation, reaffirming the notion that in a place of such limitless potential, Americans can forge a prosperous future and build a better life for themselves and their families. Women and men of every faith, background, and race have channeled their talents and ingenuity into harnessing the spirit of innovation that has long been the hallmark of our people. And as an essential part of our country's story, minority-owned enterprises have helped spur this progress. During Minority Enterprise Development Week, we reflect on the significant ways they have helped put our economy on the path to success, and we recommit to empowering every hardworking American to write our next great chapters.

  • Submitted on 27 September 2016

    Today, during the White House Tribal Nations Conference, the U.S. Department of Energy (DOE) Office of Indian Energy announced a Notice of Intent to issue a funding opportunity announcement (FOA) entitled “Deployment of Clean Energy and Energy Efficiency Projects on Indian Lands” later this year.

    Through the planned FOA, the Office of Indian Energy intends to solicit applications from Indian tribes (including Alaska Native Regional Corporations and Village Corporations) and Tribal Energy Resource Development Organizations to:

    1.     Install clean energy and energy efficiency retrofit projects for tribal buildings; and

  • Submitted on 22 September 2016

    Since our founding, our Nation has drawn strength from the diversity of our people. With faith and passion, a sturdy work ethic and profound devotion to family, Hispanics have helped carry forward our legacy as a vibrant beacon of opportunity for all. Whether their ancestors have been here for generations or they are among the newest members of our American family, they represent many countries and cultures, each adding their own distinct and dynamic perspective to our country's story. In celebration of National Hispanic Heritage Month, we honor the contributions Hispanics have made throughout our history, and we highlight an important part of the rich diversity that keeps our communities strong.

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