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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...

Nov182016

  WASHINGTON — Today the U.S. Department of Commerce’s Minority Business Development Agency announced the winner of the Agency’s first-ever Capital Project competition; ACG Chicago. The grant totaling $2.5 million will be distributed over a 5-year period. ACG Chicago,a network of corporate executives, capital sources, corporate advisors, and service providers will receive $500,000 annually to...

Nov182016

    WASHINGTON — The U.S. Department of Commerce, Minority Business Development Agency, announced the winners of the Agency’s Advanced Manufacturing Project. The winners are Georgia Tech Research Corporation, Atlanta, GA ($250,000); City of Baltimore, Baltimore, MD ($250,000); Michigan Minority Supplier Development CouncilDetroit, MI ($250,000); and the University of Texas at San Antonio, San...

Nov172016

The U.S. minority population has grown rapidly. According to the U.S. Census Bureau, 37% of the U.S. population identifies as part of at least one minority class. The populations of five states, including the two largest, California and Texas, are now over 50% minorities. Many other states, counties, and cities are approaching this threshold, thus understanding minority business ownership is...

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