HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Press Releases > Press Releases

Press Releases


  • Submitted on 21 December 2012

    FOR IMMEDIATE RELEASE
    December 21, 2012
    Contact: Jalil Isa-MBDA Press Secretary
    Email: jisa@mbda.gov
     

    Agreement Increases Firms’ Access to Networking and Certification Opportunities

    WASHINGTON (December 21, 2012) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) has entered into a Memorandum of Understanding (MOU) with the Healthcare Supplier Diversity Alliance (HSDA) that establishes guidelines for a working relationship aimed at opening doors to the healthcare industry for minority-owned firms.

    The MOU, signed during the National Minority Enterprise Development (MED) Week Conference on December 5-6, 2012, will increase access to healthcare procurement opportunities for minority-owned businesses that currently provide goods and services to treat patients, assemble medical equipment and supplies, and manufacture medicines and new biotechnologies.  The partnership will also create a pathway for minority-owned firms that seek to enter the healthcare supply chain.

  • Submitted on 07 December 2012

    FOR IMMEDIATE RELEASE
    December 7, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov
     

     Global Outreach Alliance to Facilitate Global Expansion and U.S. Job Creation

    WASHINGTON (December 7, 2012) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) and the Export-Import Bank of the United States (Ex-Im Bank) announced a Global Outreach Alliance during the National Minority Enterprise Development (MED) Week Conference on December 6, 2012.  Both agencies aim to leverage their collective capabilities and resources to promote global projects that increase the opportunities for minority-owned business (MBEs) to export U.S. goods and services and increase the participation of minority-owned businesses in Ex-Im Bank’s financing programs.

    The Global Outreach Alliance between MBDA and Ex-Im Bank will seek to increase access to capital for minority-owned firms and encourage the participation of minority-owned businesses in international commerce that ultimately will lead to job creation in America. 

  • Submitted on 29 November 2012

    FOR IMMEDIATE RELEASE
    November 29, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov


     Agency Will Honor 12 Business Leaders, Minority Business Advocates and Companies at the MED Week Conference

    WASHINGTON (November 29, 2012) — The U.S. Commerce Department’s Minority Business Development Agency (MBDA) today announced the 2012 National Minority Enterprise Development (MED) Week award winners. This year’s awards recognize the outstanding contributions of 12 private sector, non-profit entities and leaders in the categories of lifetime achievement, leadership, access to capital, exporting and manufacturing that have had a major impact in the growth of minority business enterprises. The winners will be honored on December 6, 2012, during the 30th Anniversary MED Week Conference.

    The winners include a U.S. Congressman, presidents of manufacturing and service companies, leaders of non-profit training and advocacy groups, and successful private-sector manufacturing, exporting and finance concerns, all of whom have contributed significantly to minority business development, job creation and economic growth throughout the country.

  • Submitted on 28 September 2012

    FOR IMMEDIATE RELEASE
    September 28, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    WASHINGTON (September 28, 2012) — As a result of a multi-year strategy to reduce administrative and operational overhead, the U.S. Commerce Department’s Minority Business Development Agency (MBDA) today announced an investment of $855,000 to seven MBDA Business Centers. The funds will expand outreach and business consulting expertise to better serve minority business communities in cities nationwide.

    “Since joining MBDA, I have sought to expand the Agency’s footprint, expertise and resources dedicated to the MBDA Business Center program,” said MBDA National Director David A. Hinson. “The grants announced today will ensure that seven MBDA Business Centers can provide even more resources to minority-owned businesses to create American jobs and grow the economy.”  

  • Submitted on 14 September 2012

    FOR IMMEDIATE RELEASE
    September 14, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

    AK, CA, NM, ND and OK Receive Federal Funds

    Washington, DC (September 14, 2012) — The U.S. Department of Commerce today announced the winners of a grant competition to spur job creation and economic development in states with large American Indian and Alaska Native populations. Approximately $6.6 million in Minority Business Development Agency (MBDA) funds is being invested with local entities to operate new MBDA Business Centers in Anchorage, Alaska; Fresno, California; Santa Fe, New Mexico; Bismarck, North Dakota; and Tulsa, Oklahoma.

    “Today’s announcement builds upon the Obama administration’s commitment to economic growth and job creation in Indian Country,” said Acting U.S. Commerce Secretary Rebecca Blank. “The new MBDA Business Centers will provide minority entrepreneurs and businesses with the expertise and tools they need to compete globally and create good paying jobs in America.”

  • Submitted on 13 July 2012

    FOR IMMEDIATE RELEASE
    July 13, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Funds will establish a new MBDA Business Center to unleash economic potential of minority-owned firms

    Washington, DC (July 13, 2012) - Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA), officially launched the Memphis MBDA Business Center. MBDA National Director David A. Hinson, along with U.S. Representative Steve Cohen, Memphis Mayor AC Wharton, Jr. and Shelby County Mayor Mark Luttrell, received a tour of the new office and participated in a ceremonial check presentation.  The Memphis MBDA Business Center is one of 40 MBDA Business Centers located around the country dedicated to creating jobs and strengthening the economy by helping minority-owned and managed firms gain access to public and private sector contracts, capital and markets. 

    “One of my top priorities at MBDA is to expand the Agency’s reach so more minority-owned firms benefit from the expertise of our business centers,” said MBDA National Director David A. Hinson. “Establishing a presence in Memphis strengthens our ability to help the Delta region’s minority-owned businesses grow and create jobs, key priorities of the Obama administration.”

  • Submitted on 25 June 2012

    FOR IMMEDIATE RELEASE
    June 25, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Fiscal Year 2011 Annual Performance Report Released

    Washington, DC (June 25, 2012) – The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) experienced record-breaking performance in Fiscal Year (FY) 2011 as detailed in its FY 2011 Annual Performance Report, released today. Despite the serious headwinds the economy is facing, more than 5,780 new jobs were created by minority-owned firms working with MBDA and its network of MBDA Business Centers in FY 2011. Overall, MBDA has helped minority-owned firms create more than 16,300 new jobs for Americans between FY 2009-FY 2011. 

    The number of new jobs created by minority-owned firms who received services from MBDA between FY 2009-FY 2011 represents an increase of 20 percent over the prior three-year period. And, during the worst economic downturn since the Great Depression, MBDA aided in securing nearly $11 billion in contracts and capital for minority-owned firms, including $4 billion in FY11 alone. 

  • Submitted on 11 May 2012

    FOR IMMEDIATE RELEASE
    May 11, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Agency Makes $7.9 Million Available for Six New MBDA Business Centers in States with Large Native American and Alaska Native Populations

    Washington, DC  (May 11, 2012) - The Minority Business Development Agency (MBDA) today announced a competitive solicitation for applications from prospective candidates to operate six new MBDA Business Centers in states with significant Native American or Alaska Native populations, including: Alaska, Arizona, California, New Mexico, Oklahoma, and North Dakota or South Dakota. The successful applicants will join a network of more than 30 MBDA Business Centers across the United States, District of Columbia, and Puerto Rico.

    “Today’s announcement is an example of the Obama Administration’s commitment to supporting business development and job creation in Indian country,” said David A. Hinson, National Director of MBDA. “The new MBDA Business Centers will help leverage the growth of Native American and Alaska Native owned firms to continue fueling our Nation’s economy.”

  • Submitted on 19 April 2012

    FOR IMMEDIATE RELEASE
    April 19, 2012
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

     

    Funds will establish a new MBDA Business Center in Memphis; Support Existing Centers in Houston, New Orleans

    Washington, DC (April 19, 2012) - Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) announced $3.4 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned firms.

    “One of my top priorities while at MBDA has been to expand the Agency’s reach so more minority-owned firms benefit from the expertise of our business centers,” said MBDA National Director David A. Hinson. “Establishing a presence in Memphis strengthens our ability to help the Delta region support minority-owned businesses and boost job creation, key priorities of the Obama Administration.”

    The $3.4 million in funds will support the creation of an MBDA Business Center in Memphis, and also support existing Centers in Houston, Texas, and New Orleans, Louisiana. With the addition of Memphis, Tennessee, the Agency’s footprint covers twenty-six states and the District of Columbia and Puerto Rico.

  • Submitted on 12 December 2011

    FOR IMMEDIATE RELEASE
    December 12, 2011
    Contact: MBDA Public Affairs
    Email: public_affairs@mbda.gov

    Grant Competition for Three MBDA Business Centers Announced

    WASHINGTON (December 12, 2011) - The Minority Business Development Agency (MBDA) today announced a competitive solicitation for applications from prospective candidates to operate a MBDA Business Center in three distinct areas of the United States: Houston, TX, the State of Louisiana, and either the State of Mississippi or the State of Tennessee. The successful applicants will join a network of more than 35 MBDA Business Centers across the United States, District of Columbia and Puerto Rico.

    The primary objective of the MBDA Business Centers is to provide strategic business consulting services to minority firms that will result in increased public and private sector contract opportunities and capital investments. An outcome of the services offered by the MBDA Business Centers is the creation and retention of jobs for Americans.

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

Upcoming Events

What MBDA Does