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News and Announcements

  • Submitted on 23 March 2017

    LAUDERDALE LAKES – MBDA Export Center, a Caribbean-American operated company in South Florida has been approved to partner with U.S. Export-Import Bank to help Florida firms finance their exports.

    Florida’s small businesses got a special treat at the 5th Annual Businesswomen’s Conference held March 8th in Lauderdale Lakes.

    The MBDA Export Center, operated by M. Gill & Associates in Florida, and the Export-Import Bank of the United States (EXIM Bank), displayed their commitment by publicly signing a Memorandum of Understanding, to leverage their services to make business export credit insurance and working capital financing more easily accessible to Florida’s export firms.

  • Submitted on 17 March 2017

  • Submitted on 09 March 2017

    Secretary of Commerce Wilbur L. Ross Jr. is asking for the input from American manufacturers to learn about the unnecessary burdens manufacturers face from federal permitting and regulatory requirements.

    This formal request for information (RFI) will help execute President Trump’s memorandum directing the Secretary of Commerce to ask stakeholders for ways to streamline the construction permitting process and to reduce the regulatory burdens for domestic manufacturing.

  • Submitted on 08 March 2017

    Black women are leading the country in successful entrepreneurship ventures and ESSENCE is teaming up with the only Federal Government agency solely dedicated to serving the minority business community to take things to the next level.

    The American Express State of Women-Owned Businesses Report recently listed Black women as the fastest-growing group of entrepreneurs in the United States. ESSENCE is excited to announce a new partnership with the Department of Commerce Minority Business Development Agency (MBDA) to help our ladies make even more strides as successful, self-employed businesswomen.

  • Submitted on 03 March 2017

    Thank you, Ellen, for that kind introduction.  And thank all of you for joining me today for the beginning of what will be a period of revival across our country and a special renaissance for the Department of Commerce. 

    Let me first introduce my lovely wife Hilary. She has been incredibly supportive during the whole confirmation process that took some several months – seemed like a couple hundred years.

  • 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 12 January 2017

    NEW YORK (January 12, 2017) — MBE Capital Partners, LLC (MBECP) signed a memorandum of understanding (MOU) with the U.S. Department of Commerce, Minority Business Development Agency (MBDA) today. The agreement is structured to provide U.S. minority business enterprises (MBEs) with access to capital which will help minority-owned firms increase their liquidity and foster growth.

  • 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. 


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