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News and Announcements

  • Submitted on 03 October 2011

    Friday, September 30, 2011

    Acting Commerce Secretary Rebecca Blank
    Remarks at Minority Enterprise Development (MED) Week Conference

    Acting Commerce Secretary Rebecca BlankThank you for the kind words, David [Hinson], and for your excellent leadership of the Minority Business Development Agency. Good morning, everyone. It’s an honor to be among so many talented entrepreneurs and business owners here for our 29th MED Week Conference. In my day job, before I was named Acting Secretary, I was the Under Secretary for Economic Affairs an economist who manages the Commerce Department’s two statistical agencies. Now, I know you all came this morning because you wanted to listen to an economist. But if you’ll indulge me for a moment, I want to talk to you about how our economy got to where it is today and what we need to be doing about it. 

    It’s a story worth understanding.  And it’s a story in which we need more chapters written by businesses like yours.  According to our latest survey (Census Survey of Business Owners, 2002), in terms of both numbers and gross receipts, minority-owned firms have grown faster than other firms. For many Americans, I imagine it seemed like we were doing OK in this century’s first decade. In some respects we were. There were folks making a lot of money.

  • Submitted on 03 October 2011

    Acting Secretary Rebecca BlankActing Secretary Rebecca Blank addressed the 29th Annual Minority Enterprise Development Week Conference about the importance of Congress passing the American Jobs Act. Dr. Blank emphasized that the American Jobs Act will help a private sector in need of a little boost. It will create jobs. It will prevent the layoffs of teachers and first responders. And it will rebuild the roads, railways and airports that form the very backbone of Commerce. 

    She noted that the Obama Administration knows government can’t solve all the problems facing our country. What it can do is help lay a foundation for growth and create smart incentives for minority entrepreneurs and all American businesses to build something special on top of that foundation.

  • Submitted on 26 September 2011




    Our Nation is guided by the simple promise that no matter our origins, we can provide a better life for our children.  We have long believed in a fair America, where, with hard work and determination, anyone can succeed.  Our story has been written by generations who have put their shoulders to the wheel of history to move our country forward.

    Barack Obama,President of the United States of AmericaToday, this legacy continues.  Our strength comes from individuals from all walks of life, and of every race and creed.  Minority owned businesses are engines of job creation and backbones of communities across America from Main Street to Wall Street, and from country markets to Silicon Valley.  They are on the cutting edge of development, and are strong competitors at home and abroad.  Small businesses, including minority owned enterprises, are where most new jobs begin.  To recover from this economic crisis and improve our competitiveness, we must help these job creators hire, grow, and revitalize our economy.

    My Administration is working to make this growth a reality.  Our Start up America initiative connects established private sector mentors to entrepreneurs, helping accelerate innovation through coordination.  Last year, I signed the Small Business Jobs Act, providing billions of dollars in lending support and tax cuts for small businesses.  The Federal Government is also the Nation's largest purchaser of goods and services, and every Federal agency is taking aggressive steps to improve contracting with small businesses, including minority owned firms.

    Even in challenging times, American entrepreneurs consistently respond to adversity with brighter ideas, more ambitious innovations, and smarter technology than the world has ever seen.  These businesses create jobs and support our communities.  As a Nation, we must continue to remove barriers to these opportunities, and ensure they remain open to all Americans.

  • Submitted on 22 September 2011

    MBDA Business Center operators Georgia Tech Research Corporation, United Tribes Technical College and Michigan Minority Business Development Council won awards for their projects on Health Information Technology, Environmental Risk Mitigation, Advance Energy Storage Systems, respectively.

  • Submitted on 22 September 2011

    16 Federal agencies come together to support development of high-growth industry clusters in 21 states

    WASHINGTON – The Obama Administration today announced the winners of the $37 million Jobs and Innovation Accelerator Challenge, a multi-agency competition launched in May to support the advancement of 20 high-growth, regional industry clusters. Investments from three federal agencies and technical assistance from 13 additional agencies will promote development in areas such as advanced manufacturing, information technology, aerospace and clean technology, in rural and urban regions in 21 states. Projects are driven by local communities that identify the economic strengths of their areas, with funding awarded to the best proposals.

  • Submitted on 22 September 2011

    Alejandra CastilloMinority-owned businesses, including Hispanic-owned businesses, are the backbone of our nation’s economy and an engine of job creation and exports. Hispanic and other minority-owned businesses have been growing at a much faster pace and creating millions of jobs for Americans.

    Most recent data from the U.S. Census Bureau shows that there are 6 million minority-owned businesses, of which more than 2 million are Hispanic owned. Although employment declined by 1 percent among non-minority-owned businesses between 2002 and 2007, it has continued to grow at a faster pace among minority- and Hispanic-owned firms -- by 24 percent in a wide variety of industry sectors, and gross receipts increased by 55 and 58 percent for minority- and Hispanic-owned firms respectively during that same period.

    While we are living in challenging economic times and too many Americans are experiencing unacceptably long periods of unemployment, particularly among Hispanics and African Americans, minority- and Hispanic-owned businesses are at the center of our nation’s economic expansion.

  • Submitted on 02 September 2011

    Check presentationCleveland is the home of the U.S. Commerce Department’s Minority Business Development Agency’s (MBDA) newest business center. On Thursday, Sept. 1, more than 250 people turned out for the Cleveland MBDA Business Center’s grand opening and press conference held at the Wyndham Hotel.

    U.S. Senator Sherrod Brown (D-Ohio) and Congresswoman Marcia Fudge, (D-Ohio) delivered remarks; and Cleveland Mayor Frank Jackson presented a proclamation recognizing the center’s role in the city.

    MBDA National Director David Hinson delivered remarks to the crowd, challenging business owners to take advantage of the new opportunities that will be available through the business center in creating access to capital, contracts and markets.

    The $1,125,000 five-year federal grant check was presented to center operator Andrew Jackson, Senior V. P. and Executive Director of the Commission on Economic Inclusion, Greater Cleveland Partnership.

  • Submitted on 02 August 2011

    Alejandra CastilloMBDA National Deputy Director Alejandra Castillo gave the keynote address at the annual meeting of the Billion Dollar Roundtable (BDR) last week held in Seattle, Washington. Committed to supplier diversity, BDR is made up of 18 large firms who pledge to spend at least $1 billion contracting with minority-owned businesses.

    At the event BDR recognized its newest inductee Microsoft and Johnson and Johnson, the first healthcare company to join.

    Deputy National Director Castillo congratulated the BDR for their leadership and highlighted the benefits, as well as the business imperative for our Nation, to cultivate a strong, diverse supply chain and the importance of minority business growth through 21st-century strategies, like joint ventures, merger and acquisition.

    MBDA has encouraged minority businesses to pursue these growth strategies in order to achieve scope and scale in a dynamic global economy. BDR has been a strong ally in helping minority firms develop strategic partnerships. In fact some of their members, such as IBM and Walmart, are sponsors of this year’s Minority Enterprise Development (MED) Week Conference.

  • Submitted on 01 August 2011

    Download APR 2010In the 2011 State of the Union address, President Obama asked every American to take steps to ‘Win the Future’ by out-innovating, out-educating and out-building our global competitors. It is in the spirit of winning our future through the minority business community that I present to you the 2010 Annual Performance Report of the Minority Business Development Agency.

    The Minority Business Development Agency (MBDA) of the United States Department of Commerce is the only federal agency tasked to create new jobs by expanding the U.S. economy though the nation’s 5.8 million minority-owned and operated businesses. The minority business community accounts for over $1 trillion in economic output to the nation and provides nearly six million jobs for U.S. citizens.

    MBDA experienced record performance in 2010. The Agency created 6,397 new jobs by assisting minority-owned companies in obtaining nearly $4 billion in contracts and capital, an historic high. During the first two years of the Obama Administration, MBDA created nearly 11,000 new jobs and saved tens of thousands of existing jobs while helping minority-owned firms obtain nearly $7 billion in contracts and capital.

    The success of MBDA is directly attributable to the dedication of our management team, staff and business centers across the nation. During a year where minority-owned firms continued to face the duel challenges of restricted credit access and a slow domestic economy, we have been singularly focused on assisting minority-owned businesses grow. These businesses are particularly valuable to the economy because they create jobs in communities with high levels of unemployment. In addition, they make significant contributions to the national innovation base and represent a powerful long-term contributor to exports, as minority-owned businesses are twice as likely to export as non-minority owned businesses.

  • Submitted on 15 July 2011

    The Minority Business Development Agency (MBDA) inaugurated the Denver MBDA Business Center during an open house and reception held at the Denver Metro Chamber of Commerce Building on June 28, 2011.

    Denver Mayor Guillermo (Bill) V. Vidal, Congresswoman Diana DeGette (D-CO), along with corporate supplier diversity representatives, chamber members, government agency representatives, and a broad array of minority business owners were in the audience of more than 140 people for the launch of the MBDA Business Center.


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