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Mar032017

Thank you, Ellen, for that kind introduction.  And thank all of you for joining me today for the beginning of what will be a period of revival across our country and a special renaissance for the Department of Commerce.  Let me first introduce my lovely wife Hilary. She has been incredibly supportive during the whole confirmation process that took some several months – seemed like a couple...

Jan182017

Analysis of public contracting data indicates that substantial disparities exist between minority and non-minority business enterprises. Specifically, the data show that minority business enterprises (MBEs) typically secure a lower number and dollar amount of contracts in proportion to the number of available MBEs in a relevant market. As a result, MBEs, agency officials, policy makers, and...

Jan112017

NEW YORK (January 12, 2017) — MBE Capital Partners, LLC (MBECP) signed a memorandum of understanding (MOU) with the U.S. Department of Commerce, Minority Business Development Agency (MBDA) today. The agreement is structured to provide U.S. minority business enterprises (MBEs) with access to capital which will help minority-owned firms increase their liquidity and foster growth.

Dec302016

The U.S. Small Business Administration (SBA) announced the Aspire Challenge, a prize competition of up to $1.2 million to expand access to entrepreneurial education and microloans for formerly incarcerated individuals. The competition will make up to 16 awards of $75,000 to organizations across the nation to assist in delivering entrepreneurial training and microloan assistance to formerly...

Dec072016

  With the recent conclusion of another annual celebration of Hispanic Heritage Month, here are two sources of business data that show gains in America’s Hispanic-owned businesses. Survey of Business Owners The number of U.S. businesses owned by Hispanics grew by more than 1 million firms, or 46.3 percent, from 2.3 million to 3.3 million from 2007 to 2012. In contrast, the total number of all U.S...

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