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  • Submitted on 06 September 2013

    U.S. Secretary of Commerce Penny Pritzker issued the following statement on the release of the July 2013 U.S. International Trade in Goods and Services data. U.S. exports hit the second-highest monthly level on record in July, dropping slightly to $189.4 billion, from an all-time monthly record of $190.5 billion in June. Record export levels were achieved in services and petroleum products. Exports through the first seven months of 2013 totaled $1.3 trillion, keeping the United States on track for another record-setting year.

  • Submitted on 08 August 2013

    The United States exported a record $191.2 billion of goods and services in June 2013, according to trade data was released by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. U.S. exports in June 2013 reached an all-time high, exceeding the previous record of $188.7 billion set in December 2012.

  • Submitted on 08 August 2013

    Americas Trade Winds Business Development Conference and Trade Mission

    Americas Trade Winds Business Development Conference and Trade Mission

    May 15-23, 2014

    Connect to a world of opportunity in the Americas

  • Submitted on 08 August 2013

    Grow your Sales in Mexico

    U.S. Secretary of Commerce Penny Pritzker announced she will lead her first business development mission to Mexico City and Monterrey from November 18-22, 2013. This mission will further elevate and strengthen this dynamic bilateral commercial and economic relationship and highlight new U.S. business opportunities with Mexico.

  • Submitted on 29 May 2013

    The U.S. Government, in keeping with the National Export Initiative, is committed to sponsoring an unprecedented number of trade missions focusing on the most innovative and competitive sectors of our economy.  The Department of Commerce trade missions are overseas programs for U.S. firms that want to explore and pursue export opportunities by meeting directly with potential clients in their markets.

  • Submitted on 14 May 2013

    Rangel's Business And Innovation Conference at Lehman College Draws Hundreds

    Congressman Rangel, Dr. Rebecca Blank, the Deputy Secretary of the U.S. Department of Commerce and David Hinson, the National Director of the Minority Business Development Agency (MBDA)New York, NY – Over  two hundred constituents filled the Faculty Dining Room of Lehman College in the Bronx on Thursday, April 4, 2013, to attend the Business and Innovation Conference hosted by Congressman Charles B. Rangel. Along with guest speakers Dr. Rebecca Blank, the Deputy Secretary of the U.S. Department of Commerce and David Hinson, the National Director of the Minority Business Development Agency (MBDA), Rangel answered questions from constituents regarding the landscape for the business community and the economy.

    "President Barack Obama is pushing for initiatives that help business owners and entrepreneurs to succeed as they play an increasingly vital role in our nation's economic recovery," Rangel said. "Dr. Blank and Director Hinson's presence here today serves as a reminder that the government values your contributions to our ability to compete globally and is actively working to help you thrive. Hardworking business owners are the backbone of our economy, which is why I organized this event to give you the tools and resources needed to expand your businesses or start new ones."

    "There’s no time like the present for this gathering. We need its necessary focus on our local economy, on job creation and on the ways that government can support business growth," said Jay Hershenson, Senior Vice Chancellor of The City University of New York (CUNY), as he welcomed Rangel, the guest speakers and event attendees to the Lehman College.

  • Submitted on 10 May 2013

    WRITTEN TESTIMONY OF ALEJANDRA Y. CASTILLO, ESQ.NATIONAL DEPUTY DIRECTOR
    MINORITY BUSINESS DEVELOPMENT AGENCY U.S. DEPARTMENT OF COMMERCE

    Before the Senate Committee on Small Business and Entrepreneurship
    May 8, 2013

    Alejandra Castillo

    Madam Chairwoman Landrieu, Ranking Member Risch, and Members of the Committee, Thank you for inviting the Minority Business Development Agency (MBDA) to appear before the committee to speak on such a critical topic as strengthening the minority women-owned business community. I ask that my statement in its entirety be submitted for the record.

    Minority-owned businesses in general contribute significantly to this nation’s economy. According to the 2007 Survey of Business Owners, minority-owned firms contributed $1 trillion in total economic output to the economy and employed nearly 6 million Americans.[1]

    Additionally, minority-owned firms are a driving force for the global competitiveness of the United States economy. As more than 70 percent of the world’s purchasing power and 95 percent of its population live beyond U.S. borders, [2] the ability of firms to compete in the global marketplace is a major source of strength for the national economy. To that end, minority-owned firms have the best export statistics of any segment in the U.S. economy. These firms are more likely to export their products and services as non-minority-owned firms, three times as likely to derive 100 percent of their revenues from global transactions, and three times as likely to transact business in a language other than English.[3] With their ability to break down cultural and linguistic barriers, minority-owned firms are helping lead the way to securing our economic prosperity.

  • Submitted on 01 May 2013

    Central America

    The U.S. Commercial Service is organizing a trade mission in conjunction with the Opportunities in Central America Business Development Conference in San Jose, Costa Rica on July 15-19, 2013. Trade mission participants will be able to take part in the conference and have business-to-business meetings in up to two of the following countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and/or Belize.

  • Submitted on 26 April 2013

    Purpose

    The availability of capital is crucial for small business startup, survival, and growth. This study investigates how the youngest small firms operated and were financed during the evolving financial environment of the recent Great Recession, especially high-tech firms and firms owned by women and minorities.

  • Submitted on 12 April 2013

    Budget Authority and FTEThe Minority Business Development Agency (MBDA) promotes the ability of minority business enterprises (MBE) to grow and to participate in the global economy through a range of activities that include funding a network of centers that provide MBEs a variety of business assistance services. Through its direct federal client services and its network of funded centers, MBDA: (1) fosters the expansion of opportunities for minority-owned businesses in the global marketplace; (2) identifies sources of financial capital for minority-owned firms; (3) develops and upgrades electronic tools to provide access to growth markets through automated matching of MBEs to public and private sector opportunities; (4) provides management and technical assistance to minority-owned businesses; and (5) advocates for the increased use of electronic commerce and new technologies by MBEs.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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