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

You are hereHome > Technology and Business > Technology and Business

Technology and Business


  • Submitted on 12 September 2013

    Created on September 12, 2013
     

    KingonomicsOver 100 experts in innovation, entrepreneurship, and investment sought to educate and empower those who attended the Kingonomics Conference at the Walter E. Washington Convention Center in Washington, DC, on August 23.

    The conference, which was held in conjunction with the 50th Anniversary of the March on Washington, included panel discussions, economic “boot camps,” and even an official casting call for ABC’s Shark Tank, a TV show where self-made multi-millionaire and billionaires give budding entrepreneurs the chance to potentially secure business deals that could make them millions. “This event gave entrepreneurs the opportunity to access micro-loans, meet angel and super angel investors and connect with venture capital firms,” said Dr. Rodney Sampson, coordinator of the Kingonomics Conference.

  • Submitted on 26 June 2013

    Created on June 26, 2013
     

     

    Public data is a valuable national asset whose value is multiplied when it is made easily accessible to the public. For example, the public release of weather data from government satellites and ground stations generated an entire economic sector that today includes the Weather Channel, commercial agricultural advisory services, and new insurance options. Similarly, the decision by the U.S. Government to make the Global Positioning System (GPS), once reserved for military use, available for civilian and commercial access, gave rise to GPS-powered innovations ranging from aircraft navigation systems to precision farming to location-based apps, contributing tens of billions of dollars in annual value to the American economy.

    The Department of Commerce makes available to small businesses economic data that are important for key business decisions such as where to locate, where to manufacture a product and where to sell that product.

    For example, AmFor Electronics, a second-generation, family-owned manufacturer in Portland, Oregon, is the market leader in the manufacturing of alternator and starter testers, which are sold to auto parts stores, auto repair shops, and alternator and starter rebuilders. Using Commerce data like that available in the Assess Costs Everywhere tool, AmFor decided to enter the wire harness sector and chose to locate their manufacturing facility domestically rather than overseas because it provides a shorter turnaround times with fewer defects that ultimately leads to a reduction in costs. These successes have translated into new customers and the hiring of 50 employees.

  • Submitted on 14 June 2013

    Created on June 14, 2013
     

    David Hinson, National Director Earlier this month I was invited to give the commencement address for the 2013 graduates of the New York City College of Technology (CUNY). I began my remarks with a true story of how I prepared for my speech by going skydiving. I jumped out of a perfectly good airline at an altitude of 13,500 feet in an attempt to clear my head and gain perspective of the words of wisdom that I wanted to impart.  We all laughed when I confessed that as soon as I stood in the doorway of the plane, having heard the instructor yell “GO – GO – GO”, preparing for the commencement address was not my first thought . . . and honestly, not the second or third.

    However, when I landed safely and reflected on all of the emotions that I felt at “jump altitude” – my extreme experience not only informed my commencement address but also made me ponder the many interactions I have had over the years with MBDA clients that share their excitement and anxiety about their future direction and growth.

    Although the topics have varied, in recent months, the dialogue has centered on the Affordable Care Act and what it means for minority businesses. While many business owners have acknowledged that an improved health care system will make a huge difference in the lives of millions of Americans, there is still uncertainty of how the provisions will impact their business operations.

  • Submitted on 01 April 2013

    Created on April 1, 2013


    As part of the Executive Order  signed by President Obama last month directing agencies to use their existing authorities and work with the private sector to better protect our nation’s power, water, and other critical systems, the Commerce Department is preparing a report on ways to incentivize companies and organizations to improve their cybersecurity.  To better understand what stakeholders –  such as companies, trade associations, academics and others – believe would best serve as incentives, the Department has released a series of questions to gather  public comments in a Notice of Inquiry published today.

  • Submitted on 26 October 2012

    E-CommerceThe Internet’s global reach has made possible a cost-effective means for marketing products and services overseas. Companies that establish a corporate web site, which publicizes their products and services, provide an electronic mechanism for safe and secure electronic transactions, features order tracking, and lists products’ technical specifications can easily apply electronic commerce to international marketing.

    Small- and medium-sized companies can marshal available resources to broaden market presence internationally by adopting some of these e-commerce or electronic business practices.

    Step-by-Step Guide to Going Online

    Use these steps as a guide to creating your website and marketing your company overseas using the Internet and key service providers.

  • Submitted on 26 October 2012

    Global WebCompanies seeking foreign audiences with their websites will want to either localize or internationalize their site, or provide a mixture of both processes. Forrester Research notes that "visitors linger twice as long [on international sites] as they do at English-only web sites; business buyers are three times more likely to buy if addressed in their own language; and customer services costs drop when instructions are displayed in the user's language."

    Localization consists of adapting one’s website to meet the linguistic, cultural, and commercial requirements of a targeted market. Internationalizing a firm’s website enables the company to be multilingual and to be sensitive to cultural conventions without the need for extensive redesign. Localization or internationalization must be part of the online exporter’s corporate strategy for website and business development.

  • Submitted on 07 June 2012

    Protect your business from con artists who try to fool you into paying for office supplies, business directory listings, or Internet services you haven't ordered.

  • Submitted on 29 March 2012

    Grants.gov Screen ShotGrants.gov is a free online source to FIND and APPLY for federal grants. Grants.gov does NOT provide personal financial assistance. Grants.gov is a central storehouse for information on over 1,000 grant programs and provides access to approximately $500 billion in annual awards.

    Purpose: Grants Opportunities

    Who should register in GRANTS.gov?

    • Organization: An individual responsible for submitting a grant on behalf a company, state, local, or tribal government, academia or research institution, not-for-profit or any other institution

    • Individual: A individual can register to apply for “individual eligible” grants

    What is required to register?

    • Complete a standard business profile that include, DUNS, CAGE, and MPIN numbers

    • Submit an Authorized Organization Representative (AORs) application

    • Have an E-Business point of contact (POC)

    • Detailed application can be found on grants.gov

    Who can access Grants.gov?

  • Submitted on 22 February 2012

    Challenge.gov LogoToday, in conjunction with the newly-launched BusinessUSA initiative, the Department of Commerce announced the launch of their business app challenge.  The $10,000 contest challenges app developers to find innovative ways to utilize Commerce and other publicly available data and information to support American businesses. The business app challenge calls on developers to utilize at least one Department of Commerce data set in creating an application that assists businesses and/or improves the service delivery of Business.USA.gov to the business community.  Developers may choose the platform that best suits them. Applicants may design for the web, personal computer, mobile handheld device, or any platform broadly accessible to the open Internet. A list of developer-friendly data sets can be found on the Business Data and Tools page of Data.gov.

  • Submitted on 17 February 2012

    Green CheckmarksGreen dry cleaners, Green energy. Green puppy food. Green car washes. Green wall paints. Green grease removal.

    Green: it’s everywhere.  It’s taught in the first grade.  It’s at the center of many corporate manufacturing and marketing policies. And whether you believe in climate change or still have doubts, consumers are now demanding GREEN.

    Adopting environmentally friendly and energy efficient business practices provides numerous benefits to new and existing small business owners looking to control costs, attract customers and become socially responsible. Non-toxic, recycled, organic, energy efficient, reused, eco-friendly, farm-to-table: these terms, and others, all help define the fast-growing green market. 

    So what can you do as a small business?  Remember, that regardless of what options you choose, each one of them should and must be connected to your marketing strategy and company messaging.  If you adopt energy efficiency practices, let your customers know; if you are committed to local agriculture, let them know, and if your product contains recycled by-products, let them know.  Four out of five consumers say they are still buying environmentally friendly products and services today – which sometimes cost more – even in the midst of a recovering economy.

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