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News and Announcements


  • 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

  • Submitted on 03 October 2011

    AS PREPARED FOR DELIVERY
    Friday, September 30, 2011
    CONTACT OFFICE OF PUBLIC AFFAIRS
    202-482-4883

    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.
     

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MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
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