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  • Submitted on 24 August 2011

    Congratulations to MBDA’s National Conference award recipients! This year’s conference was held in Houston, Texas during June 20-24; celebrating the accomplishment of MBDA’s business centers. Representatives from the centers were acknowledged for their outstanding performance and contributions to minority business development.

    National Outstanding Performance Award

    The San Antonio Business Center was awarded the 2010 National Outstanding Performance Award, which recognizesthe top center achieving the highest scores in multiple categories.

    National Enterprise Center Performance Award
    Given to the highest performing center in each of the regional offices.

  • Submitted on 03 August 2011

    National Advisory Council for Minority Business EnterpriseIn 2010, MBDA achieved substantial agency wide level results including several that were of historic nature. Establishment of the first MBDA-led National Advisory Council in nearly 40 years In early 2010, MBDA petitioned U.S. Department of Commerce Secretary Gary Locke to establish a secretarial-level advisory council on minority business enterprises. On November 3, 2010, the Secretary approved the creation of the National Advisory Council for Minority Business Enterprise (NACMBE).

  • Submitted on 03 August 2011

    MBDA Achieved Record Performance in 2010

    In FY 2010, MBDA experienced the most productive year in the history of the Agency. MBDA created 6,397 new jobs across the nation and saved tens of thousands of existing jobs by helping minority-owned and operated businesses obtain 964 contracts, totaling $1.688 billion, and 522 financial awards, totaling $2.264 billion.

    Jobs Created   Contracts and Financings Obtained

  • Submitted on 01 June 2011

    Business HandshakeFord Motor Company announced recently that it had exceeded its supplier diversity sourcing goal, purchasing $4.1 billion in goods and services from minority-and women-owned companies.

    The success of Ford’s supplier diversity efforts illustrates how valuable minority-owned business enterprises are to our country’s top companies and our economy overall. From heavy equipment to financial services, no matter what the demands of your supply chain are, there’s a minority-owned firm that can fulfill them.   In fact, the number of high-quality minority-owned businesses spread across every sector of the economy totals 5.8 million.

    To better assist corporate America in locating minority business enterprises with scale and capacity, supplier diversity executives should put the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, on speed dial.  MBDA can help you find these firms and put you in contact with them so you can establish the kinds of profitable partnerships that more and more Fortune 500 companies are seeking out. In 2010, with the help of the MBDA network of business centers, MBDA helped the private sector secure more than $850 million in products and services from minority firms. 

  • Submitted on 12 April 2011

    Play VideosAs part of MBDA’s ongoing mission to promote the tremendous capabilities of minority-owned firms and the promise of phenomenal growth through exporting and strategic alliances internationally, Director Hinson was the featured speaker at the U.S. Global Business & Markets pavilion on Monday, April 4. View additonal videos at sell-american.com.

    National Director Hinson joined Ambassador Philip Murphy, U.S. Assistant Secretary Michael Camunez and Deputy Assistant Secretary Brian McGowan of Economic Development Administration to promote the Obama administration's National Export Initiative (NEI) as well as to attract Foreign Direct Investment (FDI) in the U.S.

     

  • Submitted on 23 February 2011

    David HinsonAs I travel around the country, I am in awe of the tenacity and the indomitable spirit of minority business owners and their unwillingness to quit in the face of overwhelming odds. That’s the spirit that makes America great.

    As the National Director of the Minority Business Development Agency (MBDA), I am proud to be a part of this Administration and a part of an Agency where our work helps to expand the U.S. economy and create new jobs through the historically underutilized minority business community.

    I have the privilege of serving on the senior staff of the Secretary of Commerce and serving as Bureau Chief of MBDA, as well as engaging with various stakeholders, members of Congress, minority-owned and operated businesses, and nonprofit organizations that support minority business development across the nation.

    MBDA is a national organization with more than 46 business centers in five regions, which generates nearly $4 billion in contracts and capital for minority-owned businesses. We also create thousands of jobs for all Americans and help save thousands of existing jobs.

  • Submitted on 02 February 2011

    Hill Briefing with Hinson, Hoffnagle and CastilloOn Wednesday, January 26, 2011, the Minority Business Development Agency (MBDA) conducted a briefing for House and Senate staff designed to provide attendees with an overview of the Agency and the critical role the minority business community plays in the overall national economy.

    This event, co-hosted by U.S. Senator Robert P. Casey (PA) and U.S. Rep. Bobby L. Rush (IL-01), included remarks from both hosts as well as U.S. Rep. Frederica S. Wilson (FL-17).
     

  • Submitted on 14 January 2011

    There is a tremendous opportunity to interact with over 500 Chinese government leaders and business representatives from a wide spectrum of industries.  These Chinese firms will meet with U.S. exporters and explore investment opportunities in several U.S. cities, including Chicago, Houston, Raleigh, N.C., and Washington, D.C.

    Many firms are intensifying their efforts to market their products and services to countries such as China.  Today, American companies are selling more merchandise and services to China than ever before. Exports to China totaled $85 billion in 2009, a 72 percent increase from 2005. In the first 11 months of 2010, total U.S. exports grew 17 percent compared to the same period in 2009.

    MBDA encourages you to take advantage of this unique opportunity to expand your growth and profit potential with one of this country’s largest trading partners. China is a key export market for U.S. goods and services, and a focus of President Obama’s National Export Initiative that calls for doubling U.S. exports in five years to support millions of American jobs. Read the Report to the President on the National Export Initiative: The Export Promotion Cabinet’s Plan for Doubling U.S. Exports in Five Years

  • Submitted on 05 November 2010

    Bria Bailey with the Minority Business Development Agency discusses how to write a strong program narrative to include in your grant applications. A successful grant proposal is one that is well prepared, thoughtfully planned, and concisely packaged.

  • Submitted on 04 November 2010

    Today, Commerce Secretary Gary Locke announced the appointment of 25 members to the new National Advisory Council for Minority Business Enterprises.  The advisory council will be led by the Commerce Department’s Minority Business Development Agency (MBDA) and provide advice and recommendations to the department and the administration on a broad range of policy issues affecting the minority business community. 

    The new council is the first to focus on promoting minority businesses since around 1969, when President Nixon established MBDA – formerly the Office of Minority Business Enterprise – and an advisory council to oversee and advise the new office.

    The minority business community is an engine of economic growth and job creation. Today, there are approximately 5.8 million minority-owned firms generating $1 trillion annually and employing nearly 6 million workers. Yet, there continues to be challenges within the minority business community.  Of those 5.8 million firms, only 800,000 have more than one employee and the gap in average annual revenue between minority-owned and non-minority-owned firms is significant.

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