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News and Announcements

  • Submitted on 24 August 2010

    2010 Presidential Proclamation -MED WeekSince our Nation's founding, the United States has been a beacon of economic opportunity and limitless possibility.  America's strength and resiliency have relied on the vision of our entrepreneurs and small business owners, whose tireless work ethic has defined the character of our country.  During Minority Enterprise Development Week, we celebrate the millions of minority business owners whose firms generate jobs, strengthen our economy, and embody the entrepreneurial spirit of America.

     Even in the toughest of times, America has been characterized by the belief that anyone with a good idea and enough hard work can succeed and share those achievements with their employees and communities.  Today, as we emerge from a historic recession, many families and businesses face difficult economic challenges, and we must continue to prioritize job creation as part of a sustained recovery that works for all Americans.  Minority-owned and operated enterprises are essential to stabilizing our economy now, and laying a foundation for future economic growth and prosperity.


  • Submitted on 13 August 2010

    Recently, MBDA and the U.S. Census Bureau announced that the number of minority-owned firms increased by 46 percent to 5.8 million between 2002 and 2007 according to data from the Preliminary Estimates of Business Ownership by Gender, Ethnicity, Race and Veteran Status: 2007, from the U.S. Census Bureau’s 2007 Survey of Business Owners.

     “It is encouraging that the minority business community is growing and making progress relative to all U.S. firms, but economic parity remains elusive,” says MBDA National Director David A. Hinson.  “While the number of minority-owned businesses continues to grow, they are still smaller in size and scale compared to non-minority-owned firms.”

  • Submitted on 13 August 2010

    Each year, the President of the United States proclaims a National Minority Enterprise Development (MED) Week to formally recognize minority-owned businesses for their professional achievements and their contributions to the Nation’s economy. 

    The National MED Week Conference, hosted by the Minority Business Development Agency (MBDA), is the largest federally sponsored event held to spotlight minority business development. This hallmark event brings together nearly 2,000 minority-owned businesses from across the country to participate in a series of educational, training, and business to business matchmaking events designed to help grow and thrive in a continually changing economy.

  • Submitted on 22 July 2010

    The goals and objectives of the program are to provide competitively awarded grant funds for research science buildings through the construction of new buildings or expansion of existing buildings. “Research science building” means a building or facility whose purpose is for the conduct of scientific research, including laboratories, test facilities, measurement facilities, research computing facilities, and observatories. U.S. institutions of higher education and non-profit science research organizations are eligible to apply.

    The NIST grants will fund new or expanded facilities for scientific research in fields related to measurement science, oceanography, atmospheric research or telecommunications, the research fields of the Commerce Department’s three science agencies: NIST, the National Oceanic and Atmospheric Administration (NOAA) and the National Telecommunications and Information Administration (NTIA). Candidate projects could include laboratories, test facilities, measurement facilities, research computing facilities or observatories.

  • Submitted on 22 July 2010

    WASHINGTON – U.S. Transportation Secretary Ray LaHood today announced $9.9 million in grants to provide training and other services to minority- and women-owned businesses in 33 states to help them compete for highway contracts.

    “The U.S. Department of Transportation has an excellent history of reaching out to small businesses owned by women, veterans and minorities,” said Secretary LaHood. “Nearly half the contracts we award each year go to these types of firms.”

    The “Disadvantaged Business Enterprise/Supportive Service (DBE/SS)” grants are part of an ongoing federal effort to help state departments of transportation train certified DBE firms on subjects ranging from contract and business management, to procurement assistance and how to secure bonding. The goal of the program is to help them successfully compete for federal highway projects.

  • Submitted on 19 July 2010

    WASHINGTON, D.C. (May 4, 2010) – The U.S. Department of Health and Human Services today issued regulations establishing the Early Retiree Reinsurance Program in the Affordable Care Act. The new law provides $5 billion in financial assistance to employers to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare.

    Employers can use the savings to either reduce their own health care costs, provide premium relief to their workers and families, or a combination of both. Employers who are accepted into the program will receive reinsurance reimbursement for medical claims for eligible retirees and their spouses, surviving spouses and dependents.

  • Submitted on 19 July 2010


    WASHINGTON (Tuesday, May 4, 2010) – The Commerce Department is recruiting leaders from the private sector to serve on the National Advisory Council on Minority Business Enterprise (NACMBE). The council will provide advice and guidance to the Secretary of Commerce on key issues, including policies that would best position minority-owned firms to compete in the global economy: access to capital, expanded participation in emerging industries, and improved access to the global supply chains of the world’s largest corporations.

    “We want the best leaders to come up with strategies to positively influence minority-owned businesses across the nation,” Commerce Secretary Gary Locke said. “Expanding the minority business community will help economic growth over the long term. These businesses are creating jobs in our communities and we need to help them continue this trend.” 

  • Submitted on 19 February 2010

    Story Published: Feb 19, 2010 LAS VEGAS

    The new American economy and the unique opportunities it holds for the American Indian business world is the focus of RES 2010. The annual business conference, hosted by the National Center for American Indian Enterprise Development, takes place at the Las Vegas Hilton Feb. 21 – 24.

    Hundreds of Indian entrepreneurs are scheduled to attend. “We’ve made it through a challenging economic year to see development and growth in a wide variety of areas,” said Margo Gray-Proctor, the Osage chairwoman of NCAIED and president of Horizon Engineering Services Co. “We’ve learned that we could go down the sink in a swirl, or we could do something that no one else has done as we turn around. And we’re doing it.” Even given the economic downturn, Gray-Proctor said this is the largest RES to date – a feat she and her executive committee accomplished by trimming budgets, working long hours, and networking to the max. Approximately 480 tribes are expected to be represented.

  • Submitted on 29 September 2009

    (Special to New America Media from China Press) — The growth of minority-owned small businesses will be one of the main forces driving the U.S. economy forward, reports the China Press.

    At the 2009 Minority Business Summit, U.S. Secretary of Commerce Gary Locke explained that the Minority Business Development Agency aims to grow the number of small businesses in ethnic communities to reflect the country’s changing demographics. This could lead to the creation of 16 million jobs, $2.5 trillion in annual revenue and $100 billion in tax income, reports the China Press. Representing 99.7 percent of all business, small business is the backbone of the U.S. economy, the newspaper reports.

  • Submitted on 29 September 2009

    WASHINGTON (TheStreet) -- The Commerce Department is working to find new ways to help small businesses and entrepreneurs find new markets for their products by revamping its counseling programs, financing tools and other assistance.

    U.S. Department of Commerce Secretary Gary Locke says the agency plans to create "one-stop shop" business advocacy centers across the nation to help small firms get the best government help that they can. The centers will operate as central contact points for every Commerce program available to business owners.

    Small businesses are so overwhelmed with issues like trying to meet payroll that they can't be expected to have a consultant on board to navigate all the government's services and programs. He made the comments after a Thursday speech at the Minority Enterprise Development Conference in Washington.

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
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