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News and Announcements


  • Submitted on 15 August 2016

    Minority Business Development Agency Invests $1.4 Million in the City of Columbia

    WASHINGTON (August 15, 2016) —The U.S. Department of Commerce Minority Business Development Agency (MBDA) today announced DESA, Inc., as a grant recipient to operate a MBDA Business Center in Columbia, South Carolina. The federal funding ($285,400) will be distributed during a five-year period with a proposed start date of September 1, 2016. 

  • Submitted on 15 August 2016

    Minority Business Development Agency Invests $1.5 Million in the City of Baltimore  

    WASHINGTON (August 15, 2016) —The U.S. Department of Commerce Minority Business Development Agency (MBDA) today announced L.S. Caldwell & Associates, Inc., as a grant recipient to operate a MBDA Business Center in Baltimore. The federal funding ($310,550) will be distributed during a five-year period with a proposed start date of September 1, 2016.

    The grant program is designed to help minority-owned firms across the nation create jobs, develop their business, and compete in the global economy.

  • Submitted on 11 August 2016

    The number of American Indian and Alaska Native-owned businesses in the U.S. climbed by 36,228, or 15.3 percent, between 2007 and 2012, reaching 272,919. In Oklahoma, which ranked second among states with 27,450 American Indian and Alaska Native-owned businesses in 2012, the number of these businesses increased by 6,238 over the period, or 29.4 percent. As the “Sooner State” was experiencing an increase, first-place California (with 41,254 American Indian- and Alaska Native-owned firms) experienced a decrease of more than 4,000 (4,315 to be precise ─ a 9.5 percent drop), closing the gap between the states. These statistics come from the Survey of Business Owners, which provides a broad socioeconomic picture of business owners across the nation and is part of the U.S. Census Bureau’s five-year economic census.

    Changes in # of American Indian and Alaska Native (AIAN)-Owned Firms

  • Submitted on 08 August 2016

    WASHINGTON (Aug. 5, 2016) —The U.S. Department of Commerce Minority Business Development Agency (MBDA) today announced the Chicago Minority  Supplier Development Council,  Inc. as a grant recipient to operate a MBDA Business Center in St. Louis.

    The federal funding ($285,400) will be distributed during a five-year period with a proposed start date of September 1, 2016.

    The grant program is designed to help minority-owned firms across the nation create jobs, develop their business, and compete in the global economy.

    A key component of MBDA’s Business Center Network is providing minority firms with access to technical expertise and resources to grow their businesses.     

  • Submitted on 08 August 2016

    MBDA National Director Alejandra Y. Castillo received the National Urban League’s “Women of Power Award” at the Women of Power & Business Leaders Awards Luncheon on Aug. 4 at the Baltimore Convention Center.

     

  • Submitted on 04 August 2016

    Between 2007 and 2012, the number of U.S. businesses owned by Asian-Americans rose 23.8 percent, from 1.5 million to 1.9 million.

    In contrast, the total number of all U.S. firms increased only 2.0 percent during the same period, from 27.1 million to 27.6 million. As a result, 6.9 percent of all businesses were Asian-owned in 2012, up from 5.7 percent five years earlier. Asian business ownership is defined as having persons of Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese or other Asian origin (such as Hmong, Laotian, Thai, Pakistani or Cambodian) owning 51.0 percent or more of the stock or equity in a nonfarm business operating in the United States. According to U.S. Census Bureau population estimates, Asians accounted for 5.8 percent of the 18 or older population in 2012. Censuses and surveys permit respondents to select more than one race; the 5.8 percent figure pertains to those who said they were either Asian only or Asian in combination with one or more other races.

  • Submitted on 02 August 2016

    As part of the U.S. Department of Labor’s historic investments in the ApprenticeshipUSA initiative, the department’s Employment and Training Administration announced it is seeking to award three to five contracts to workforce intermediaries, including community-based organizations; labor organizations; or workforce, industry and education organizations to develop national or regional “opportunity partnerships.”

  • Submitted on 02 August 2016

    Alejandra Y. CastilloMBDA National Director Alejandra Y. Castillo will receive the National Urban League’s “Women of Power Award” at the Women of Power & Business Leaders Awards Luncheon on Aug. 4 at the Baltimore Convention Center.

    The luncheon is part of the 2016 National Urban League Conference:  Save our Cities: Education, Jobs and Justice. The award is presented to influential women in the civil rights, government, entertainment, journalism, sports, and corporate sectors.

    Past winners include MSNBC/NBC Anchor Tamron Hall, Professional Boxer Laila Ali, U.S. Ambassador to the United Nations Susan E. Rice, Dr. Valerie Montgomery Rice, President, Morehouse School of Medicine and hip-hop legend, entrepreneur and philanthropist, MC Lyte.

  • Submitted on 02 August 2016

    Justin G. TannerMBDA Associate Director for the Office of Legislative, Education, and Intergovernmental Affairs Justin Tanner, will receive the 2016 National Urban League Young Professional Honors: Heroes in the Movement Award, at the Baltimore Convention Center Aug. 6.

    The award is designed to recognize the philanthropic and professional contributions of young professionals.

    The award’s ceremony is part of the 2016 National Urban League Conference: Save our Cities: Education, Jobs and Justice.

  • Submitted on 02 August 2016

    The Minority Business Development Agency (MBDA) is honored to celebrate Minority Enterprise Development (MED) Week in partnership with the National Minority Supplier Development Council, Inc. at the 2016 NMSDC Conference and Business Opportunity Exchange.

    The 2016 National MED Week celebration, recognized at the NMSDC Conference, will feature several Powered by MBDA workshops and seminars that focus on federal programs and recognize the 34th Annual National MED Week Award Winners.

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