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Press Releases


  • Submitted on 01 August 2014

    FOR IMMEDIATE RELEASE
    August 1, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

     

    Seattle Small Business Owner Albert Shen to Serve in Agency’s Second-Highest Position

    WASHINGTON (August 1, 2014) — Alejandra Y. Castillo, National Director of the Minority Business Development Agency (MBDA), today announced the appointment of Albert Shen to serve as MBDA’s National Deputy Director. Shen is a Washington state native whose leadership and community advocacy has had a tremendous impact on many economic projects in the Northwest.

    “The success of minority-owned businesses is fundamentally essential to our nation’s economic vitality,” said Castillo. “MBDA works diligently in laying the foundation that is giving rise to the fastest growing segment of the business community. I am very confident that Albert will continue to maximize these opportunities and be a great asset to our MBDA team.”

    Shen, a second generation Chinese-American, grew up in Pullman, Wash., where his family owned several minority businesses. In 2000, he founded Shen Consulting, where he played an instrumental role in projects such as the Port of Seattle’s Seattle Tacoma International Airport Capital Improvement Program and numerous other capital programs in the greater Seattle area.

  • Submitted on 28 July 2014

    FOR IMMEDIATE RELEASE
    July 28, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

     

    U.S. Deputy Commerce Secretary Andrews, MBDA National Director Castillo will also deliver remarks at event

    WASHINGTON (July 28, 2014) —As part of the Minority Business Development Agency’s (MBDA) continued collaboration with the U.S. Small Business Administration (SBA), MBDA announced today that SBA Administrator Maria Contreras-Sweet will speak at the 2014 National Minority Enterprise Development (MED) Week Conference in Washington, D.C. on August 1. U.S. Deputy Secretary of Commerce Bruce Andrews and MBDA National Director Alejandra Y. Castillo will also speak during the conference.

    As one of the longest running Minority Business Enterprise events in the United States, the National MED Week Conference recognizes outstanding achievements of leading minority entrepreneurs and organizations while positioning business owners for opportunities that drive growth.

  • Submitted on 09 July 2014

    FOR IMMEDIATE RELEASE
    July 9, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (July 9, 2014) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced the 2014 National Minority Enterprise Development (MED) Week Award winners – 13 organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community. MBDA will honor the winners during a special ceremony at the annual MED Week Conference on August 1 in Washington, D.C. 

    “This year’s MED Week awardees exemplify growth, diversity and transformation, and are true champions for the minority business community,” said Alejandra Y. Castillo, MBDA National Director. “We’re very proud of their tremendous achievements in helping grow the national economy through innovation, job and wealth creation.”

  • Submitted on 17 June 2014

    FOR IMMEDIATE RELEASE
    June 13, 2014
    Contact: Carla Jones
    Email: MEDWEEK2014@hester-group.com

     

     

    WASHINGTON (June 13, 2014) – Minority business owners looking for a boost to their bottom line can now register for an event that could take them to the next level.

    Registration is now open for National Minority Enterprise Development Week (MED Week) Conference 2014 at http://medweek.mbda.gov/home.

  • Submitted on 17 April 2014

    FOR IMMEDIATE RELEASE
    April 17, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (April 17, 2014) —The U.S. Secretary of Commerce Penny Pritzker today announced the appointment of Alejandra Y. Castillo, a New York City native born to Dominican immigrants, with more than 20 years of experience working in the private, government and non-profit sector, as the new Director of the Minority Business Development Agency (MBDA).

    “The success of minority-owned businesses is fundamentally essential to our nation’s economic vitality,” said Pritzker. “MBDA has been instrumental in laying the foundation that is giving rise to the fastest growing segment of the business community, and I am very confident that Alejandra will continue to maximize their opportunities.”

    Castillo, a practicing attorney for several years, is the first Hispanic-American woman to lead the Agency, and only the second woman in MBDA’s 45-year history. Previously, Castillo served as MBDA’s National Deputy Director managing the Agency’s day-to-day operations and its national network of more than 44 business centers across the U.S. and Puerto Rico.

  • Submitted on 26 February 2014

    FOR IMMEDIATE RELEASE
    February 26, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (February 26, 2014) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) and International Trade Administration (ITA) today co-hosted a CEO Fireside Chat in recognition of the significant contributions made by minority-owned firms to the U.S. economy. MBDA Acting National Director Alejandra Y. Castillo and Deputy Assistant Secretary for Domestic Operations Antwaun Griffin delivered remarks, followed by a panel discussion with business leaders during the event, which was also in commemoration of African American History Month.

  • Submitted on 12 February 2014

    FOR IMMEDIATE RELEASE
    February 12, 2014
    Contact: Al Betancourt - MBDA Public Affairs
    Email: abetancourt@mbda.gov

     

    Program Recognizes Outstanding Achievements of Minority Entrepreneurs, Individuals, Organizations

    Start Your Nomination TodayWASHINGTON (February 12, 2014) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced that it is accepting nominations for the 2014 National Minority Enterprise Development (MED) Week Awards competition. The program celebrates and recognizes the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

    “The MED Week awards were created to recognize individuals and firms who exemplify entrepreneurial innovation and a commitment to creating jobs while helping our nation remain competitive in the global economy,” said Alejandra Castillo, MBDA Acting National Director. “With nearly six million minority-owned businesses across the United States, we anticipate having a robust slate of candidates to choose from. We look forward to the opportunity to highlight some of these outstanding business leaders.”

  • Submitted on 14 January 2014

    FOR IMMEDIATE RELEASE
    January 14, 2014
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (January 14, 2014) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) announced today record-breaking performance in helping its clients create jobs, gain access to capital, and receive contract support in fiscal year (FY) 2013.

    During FY13, MBDA assisted minority-owned businesses in obtaining more than $4.8 billion in capital and contract awards, which led to the creation and/or retention of 25,704 jobs, the highest performance level in the Agency’s 45-year history.

    “These FY13 figures illustrate the crucial role MBDA continues to play in helping minority-owned businesses create jobs and strengthen local communities nationwide. This outstanding performance is a hallmark of the Obama administration’s efforts to help strengthen small and medium-sized businesses, which are fueling our economic recovery,” said David A. Hinson, MBDA’s National Director.

  • Submitted on 02 December 2013

    FOR IMMEDIATE RELEASE
    December 2, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    WASHINGTON (December 2, 2013) —The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today recognized the 2013 National Minority Enterprise Development (MED) Week Award winners. The winners include 12 organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community. U.S. Secretary of Commerce Penny Pritzker presented the awards during a ceremony in Washington, DC. 

    “I am pleased to recognize and personally congratulate the 2013 National Minority Enterprise Development Week Award winners,” said Secretary Pritzker. “Helping American businesses grow and create jobs is the key focus of the Commerce Department’s ‘Open for Business Agenda,’ and today’s award recipients are playing a critical role in those efforts by helping minority-owned businesses innovate, expand and thrive.”

    Winners were selected for the following awards: Ronald H. Brown Leadership Award; Champions of Minority Business Development; and Minority-Owned Firms. The awards are designed to celebrate and recognize outstanding achievements of minority entrepreneurs based on the challenges the business has overcome, total revenues, total jobs created and the economic impact the business has had on the community. MBDA also recognizes individuals and organizations that have demonstrated leadership and commitment in advancing the minority business community.

  • Submitted on 16 September 2013

    FOR IMMEDIATE RELEASE
    September 16, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov

     

     

    Funds will establish MBDA Business Centers in Baltimore, Bridgeport, Conn., Houston, New York, San Francisco, St. Louis, and Washington, D.C.

    WASHINGTON (September 16, 2013) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced $7.3 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned businesses nationwide. The grant recipients will establish MBDA Business Centers in Baltimore, Bridgeport, Conn., Houston, New York, San Francisco, St. Louis, and Washington, DC, joining a network of 40 MBDA Business Centers across the United States and Puerto Rico. 

    “MBDA is committed to the continued success of all minority-owned firms, who strengthen the economy and create American jobs,” said David A. Hinson, MBDA National Director. “These new centers will expand the number of front-line business experts we have providing resources to minority-owned businesses to help grow economies in more cities across the U.S.”

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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