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News and Announcements


  • Submitted on 20 December 2011

    A new electronic application that quickly and efficiently finds loans, grants, and other useful small business resources, and its developer Somesh Kumar of Freemont, Calif., won first prize and $5,000 in a nationwide competition sponsored by the U.S. Small Business Administration. The competition and resulting seven “apps” are meant to put new and useful web tools at the fingertips of growing entrepreneurs.

    As a result of SBA’s “Apps for Entrepreneurs Challenge,” a competition for tech-savvy developers to build new and useful web tools for small businesses, entrepreneurs can reach for their smartphone or tablet and search federal, state and local databases for vital information by using one of seven award-winning apps.

  • Submitted on 19 December 2011

    March Business Development Mission will Make Stops in Delhi, Jaipur and Mumbai

    Secretary Bryson to Lead India Trade MissionAt the U.S. Chamber of Commerce, Commerce Secretary and former CEO John Bryson laid out his priorities for the Department of Commerce, including supporting advanced manufacturing, increasing exports, and attracting more investment to America from all over the world.  In conjunction with those priorities, the Department of Commerce is announcing that Secretary Bryson will lead his first trade mission, March 25-30, 2012, focusing on infrastructure opportunities in India.  The focus of the mission is to promote U.S. exports and discuss trade policy issues in response to India’s goal of investing $1 trillion in infrastructure development during the next five years. 

    “Exports are leading the U.S. economic recovery and contributing to future economic growth and job creation in America,” said Secretary Bryson. “Selling more made-in-USA infrastructure products to India will help U.S. companies grow and hire more people while helping India meet its ambitious goals to dramatically improve it roads, railway and bridges.”

  • Submitted on 25 November 2011

    You’ve heard of Black Friday. And Cyber Monday. But did you know that this Saturday is Small Business Saturday? We’re encouraging everyone to visit a small business to do some holiday shopping this Saturday.

    As President Obama said in a message out to all Small Business Saturday supporters:

  • Submitted on 21 November 2011

    Minority businesses that have more than $1 million in revenue will be eligible for assistance at the new Minority Business Development Agency, which aims to help such companies secure more than $21 million in annual contracts and more than $9 million each year in capital.

    The U.S. Commerce Department reportedly opened a Minority Business Development Agency (MBDA) in Minneapolis this week in an effort to help grow minority businesses within the state.

    According to the Star Tribune, the MBDA will be run by the Metropolitan Economic Development Association (MEDA) under a five-year contract that’s expected to net $30 million annually and hundreds of jobs for Minnesota’s minority-owned firms.

  • Submitted on 10 November 2011

    Last month, the council that establishes regulations on federal acquisitions published a proposed rule to catch up its regulations on small disadvantaged businesses with changes in law. Some have asked whether this rule signals a pullback in our commitment to these businesses. Let’s be clear: this “housekeeping” effort will have no impact on the government’s ability or commitment to drive contracting opportunities for small disadvantaged businesses – opportunities this Administration has pursued aggressively since day one.

  • Submitted on 09 November 2011

    NYC Business Center Crowd ShotAt a press conference on Tuesday, the Minority Business Development Agency (MBDA) celebrated the grand opening of the NY– Manhattan MBDA Business Center (NYCMBC). Suzette C. Bather, project director of the center, gave the opening remarks, followed by Heyward B. Davenport, MBDA Northeast Regional Director who acknowledged and introduced speakers of the evening, MBDA National Director David A. Hinson, and President & CEO of the National Community Reinvestment Coalition (NCRC), John Taylor.

  • Submitted on 17 October 2011

    Acting Commerce Secretary Rebecca Blank issued the statement below following Congressional passage of trade agreements with Korea, Colombia and Panama. The agreement with Korea is estimated to boost U.S. goods exports to that country by more than $10 billion, supporting 70,000 American jobs, while the Colombia and Panama agreements will immediately eliminate trade barriers for more than 80 percent of merchandise exports to those countries.

  • Submitted on 17 October 2011

    Acting U.S. Commerce Secretary Rebecca BlankActing U.S. Commerce Secretary Rebecca Blank delivered the keynote address at the Greater Fort Lauderdale Alliance Annual Meeting, where she highlighted the different ways the American Jobs Act would make an immediate impact on job creation: cutting taxes for small businesses, putting more money in the pockets of consumers through an expanded payroll tax cut, and preventing the layoffs of teachers, firefighters and policemen, while putting construction workers to work through much-needed renovations to school, roads, rail and airports renovations.

    Blank also discussed the Obama administration’s record supporting business expansion, highlighting the 17 different small business tax cuts implemented by the administration, major reform of the patent system that will bring the ideas of innovators to market faster, and investments in education and infrastructure that will help businesses thrive.
     

  • Submitted on 14 October 2011

    Memorandum of Understanding Among The U.S. Department of Commerce International Trade Administration And The Minority Business Development Agency And Republic of Turkey Ministry of Industry and Trade Small and Medium Enterprises Development Organization

    The purpose of this Memorandum of Understanding is to establish a partnership between the U.S. and Turkey in order to: exchange information about small medium-sized enterprises (SMEs); provide networking opportunities for SMEs; and promote international trade between the U.S. and Turkish SMEs.
     

  • Submitted on 14 October 2011

    The Memorandum of Understandings with Tremco Incorporated, a company in the construction industry, establishes a partnership that will increase the number of qualified minority-owned businesses that will have direct access to a corporate training and mentoring program.

    Specific benefits include:

    • Classroom and on the job training in order for minority-owned businesses to become certified Tremco contractors.

    • Access to a program where businesses can explore and pursue opportunities as trained contractors within the federal, state, local, tribal, and commercial markets

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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