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News and Announcements

  • Submitted on 25 April 2012

    Nominations are now being accepted for the Minority Business Development Agency's 2012 Minority Business of the Year Awards Program. The awards are designed to recognize exemplary minority businesses and their accomplishments and best practices.

    The deadline for submission of the 2012 National Minority Business of the Year Awards nominations has been extended to Monday, July 2, 2012.

    Download BrochureThe MBDA National Minority Business of the Year Awards Program is designed to celebrate and recognize the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing minority business enterprise.

    The diversity of the awardees, as it pertains to the constituency served by MBDA, is a key objective of the MED Week Awards Program.

    The awards are commemorative and will be given in the following categories:

    • Access to Capital Award

    • Minority Export Firm of the Year

    • Minority Manufacturer of the Year

    • Ronald H. Brown Leadership Award

    • Abe Venable Legacy Award for Lifetime Achievement

    The award winners will be announced in early August and the recipients will be presented with their award at the National Minority Enterprise Development (MED) Week conference scheduled for September 25-26, 2012 in Washington, DC. MBDA will contact winners by phone and may post their names, pictures and biographies on this website and MED Week Conference website.

  • Submitted on 16 April 2012

    Percent of All Exporter FirmsMinority Business More Likely to Export

    Exporting is good for American business, good for American workers and good for American jobs. Ninety-five percent (95%) of the world’s customers lie outside the United States and Minority Business Development Agency is committed to working with U.S. companies to help American-made goods and services succeed in the global market.

    Export Sales

    Minority businesses have a competitive advantage in global trade based on their cultural ties, language skills and nimbleness. The 2007 Survey of Business Owners reveals that among firms with export sales representing 20 percent or more of their overall receipts, minority-owned businesses are twice as likely to export compared to non-minority firms. In addition, minority firms are more than three times as likely to have businesses generating 100 percent of all their sales in exports compared to non-minority respondent firms. This finding is quite substantial because it can support the Administration’s goal of doubling the nation’s exports by the end of 2014. Minority businesses can play an important role in meeting that goal through exports.

  • Submitted on 06 April 2012

    President Barack Obama signs the Jumpstart Our Business Startups (JOBS) Act, which includes key initiatives the President proposed last fall to help small businesses and startups grow and create jobs, in the Rose Garden of the White House, April 5, 2012. (Official White House Photo by Pete Souza) THE PRESIDENT:  Thank you.  (Applause.)  Hello, everybody.  Please, please have a seat.  Good afternoon.  I want to thank all of you for coming, and in particular, I want to thank the members of Congress who are here today from both parties, whose leadership and hard work made this bill a reality.

    One of the great things about America is that we are a nation of doers -- not just talkers, but doers.  We think big.  We take risks.  And we believe that anyone with a solid plan and a willingness to work hard can turn even the most improbable idea into a successful business.  So ours is a legacy of Edisons and Graham Bells, Fords and Boeings, of Googles and of Twitters.  This is a country that’s always been on the cutting edge.  And the reason is that America has always had the most daring entrepreneurs in the world.

    Some of them are standing with me today.  When their ideas take root, we get inventions that can change the way we live.  And when their businesses take off, more people become employed because, overall, new businesses account for almost every new job that’s created in America.

  • Submitted on 08 March 2012

    Jobs & Innovation Accelerator ChallengeThe Obama Administration today announced a $15 million multi-agency Rural Jobs and Innovation Accelerator challenge to spur job creation and economic growth in distressed rural communities. This competition, which is being funded by the U.S. Department of Commerce's Economic Development Administration (EDA), the U.S. Department of Agriculture (USDA), the Delta Regional Authority (DRA), and the Appalachian Regional Commission (ARC), was designed by the Taskforce for the Advancement of Regional Innovation Clusters and the White House Rural Council.

    President Obama recently announced the challenge as part of the Administration's "We Can't Wait" efforts to strengthen the economy, create jobs and support business growth, particularly expanding opportunity for rural Americans and supporting new and innovative businesses nationwide.

  • Submitted on 08 March 2012

    Secretary John BrysonU.S. Commerce Secretary John Bryson delivered remarks at 2012 Executive Council Winter Session of the National Congress of American Indians (NCAI), the oldest and largest national representative of Tribal Nations in the United States. Bryson spoke about Commerce Department initiatives to promote exports, job creation and infrastructure in Indian Country. 

    This administration is proud to partner with NCAI in the effort to forge new links between government and Indian country on behalf of Native American communities. At the Commerce Department, we have a host of programs where Commerce and Native American communities are working together to bring jobs and opportunities to Indian country:

  • Submitted on 22 February 2012

    Initiative Aims to Foster National Teaming Arrangements with Alaskan Native Corporations

    David A. Hinson, National Director of the Minority Business Development Agency (MBDA) at the U.S. Department of Commerce joined Mayor Dan Sullivan at a press conference and ribbon cutting ceremony to open a new satellite center on Tuesday, February 21, 2012. The new satellite center is designed to help minority-owned firms both in Alaska and throughout the country create and retain jobs, increase size, scale and capacity, and build globally competitive firms.

  • Submitted on 17 February 2012

    Business USAOver the past three years, business owners and entrepreneurs have told us that they don’t have the time or resources to navigate the maze of government agencies and need a one stop shop where they could go for all the assistance they need at every stage of their development.  As President Obama said in his State of the Union address last month, we need to give U.S. businesses every opportunity and tool to succeed and not a maze to navigate.  And as Secretary Bryson has said multiple times while traveling to manufacturers in Columbus, Norfolk, Pittsburgh, and Minneapolis, we need to support American businesses so they can build their products here in America and sell them everywhere around the world.

    This is why the Obama Administration is launching a new online platform, BusinessUSA, to help small businesses and exporters of all sizes find information about available federal programs without having to waste time and resources navigating the federal bureaucracy. BusinessUSA combines information and services from 10 different government agencies through one consolidated website and coordinate telephone support through a single 1-800 number. The BusinessUSA website went live today with hundreds of business resources consolidated in one place including Commerce’s International Trade Agency, Census Bureau, Patent and Trademark Office, several other Commerce bureaus, as well as, multiple other government agencies.

  • Submitted on 15 February 2012

    The Budget provides $29 million for the MBDA, through their network of Minority Business Enterprise Centers, to support the ability of minority businesses to grow and participate in the global economy.  MBDA's FY 2013 Budget in Brief

  • Submitted on 15 February 2012

    The month-long celebration of Dominican Heritage in February got off to a distinctly female start this past Wed., Feb. 1st at Eugenia María de Hostos Community College in the Bronx.

    Dominican and Dominican-American women from various fields of government, finance, and business, arrived in the early morning at Hostos’s campus to share information on resources available to small business owners.

    It was a meeting of the minds in a forum entitled “A Small Business Seminar with Distinguished Dominican Women in Government,” which also offered more than its fair share of personal tales of immigrant families.

  • Submitted on 07 February 2012

    Data from the Department of Commerce reveal that minority-owned firms are an engine of job growth and are more likely to export than non-minority-owned firms. These firms account for $1 trillion in gross receipts and employ almost six million Americans. To bolster the economic impact of minority entrepreneurs across the county, the National Advisory Council on Minority Business Enterprise (NACMBE) was established in April 2010.  

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