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Press Releases


  • Submitted on 23 May 2013

    FOR IMMEDIATE RELEASE
    May 23, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    Agency makes $1.02 million available to launch MBDA Business Center in one location with Large American Indian and Alaska Native Populations

    WASHINGTON (May 23, 2013) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) today announced  a solicitation for applications from prospective candidates to operate a new MBDA Business Center in one National location with a significant American Indian or Alaska Native population. Applicants are required to choose one of the following locations: Bridgeport, Conn., Buffalo, N.Y., Green Bay, Wis., Jackson, Miss., Milwaukee or Portland, Ore. The successful applicant will join a network of more than 30 MBDA Business Centers across the United States and Puerto Rico.  The grant amount will be $255,000 per year for a four year cycle.

    “The American Indian and Alaskan Native business community comprises approximately 200,000 companies and generates nearly $27 billion in annual revenue,” said David A. Hinson, MBDA National Director. “It is our goal to ensure the continued success of all minority-owned firms who in turn strengthen the economy and create American jobs.”

  • Submitted on 03 May 2013

    FOR IMMEDIATE RELEASE
    May 3, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    Agreement Increases Firms’ Access to Certification and Contracting Opportunities

    WASHINGTON (May 3, 2013) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) has entered into a Memorandum of Understanding (MOU) with the California High-Speed Rail Authority (Authority) aimed at achieving greater participation by minority-owned companies in all phases of construction of the new high-speed train system construction, the state’s largest infrastructure project.

    The MOU, signed during today’s launch of the MBDA Business Center in Fresno, will help ensure that minority-owned businesses get information, technical assistance and support related to this significant contracting opportunity.  To ensure that firms participating in the construction of the high-speed train system reflect the diversity of California’s business community, the Authority has set a minimum participation goal of 30% for certified Minority Business Enterprises (MBEs), Small Businesses (SBs), Disadvantaged Business Enterprises (DBEs) and Disabled Veteran Business Enterprises (DVBEs) in all phases of the rail system construction process. This requirement exceeds widespread existing minimum standards.

  • Submitted on 03 May 2013

    FOR IMMEDIATE RELEASE
    May 3, 2013
    Contact: Al Betancourt - MBDA Press Secretary
    Email: abetancourt@mbda.gov
     

    MBDA Business Center Will Benefit California’s Central Valley Minority-Owned Firms

    WASHINGTON (May 3, 2013) —The U.S. Commerce Department’s Minority Business Development Agency (MBDA) officially launched a new MBDA Business Center in Fresno, Calif., today.   State, regional and local representatives joined MBDA National Director, David A. Hinson in the ribbon cutting ceremony.

    “One of our 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 Hinson. “Establishing a presence in Fresno strengthens our ability to help the California Central Valley region’s minority-owned businesses grow and create jobs, which are key priorities of the Obama administration.”

    The new business center, which will team with the San Jose and San Francisco MBDA Business Centers, will receive a federal grant of $300,000 per year over the next five years. The monies will be used to assist the minority-owned and managed firms in the region in gaining access to contracts, capital and markets, ultimately leading to the creation of new jobs and a stronger economy in the region.

  • 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. 

 

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