Ed. Note: This post is part of the Spotlight on Commerce series, which highlights members of the Department of Commerce who are contributing to the President's vision of winning the future through their work.
David Hinson is the National Director of the Minority Business Development Agency.
As 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.
Minority-owned firms are an engine of job creation for the U.S. economy,
outpacing growth within the general business community for most of the last
decade. Collectively, minority-owned businesses generate $1 trillion in
economic output and create nearly 6 million jobs. They also possess almost $2.5
trillion in buying power.
My first introduction to business was as a child growing up
in St. Louis, MO. I learned lessons about entrepreneurship
from my next door neighbor who ran a small cookie distribution company from his
home. He taught me about the importance
of inventory and business efficiencies. While I was a dreamer, who often thought
about what people were doing in other countries, my parents’ neighbors and
teachers taught me that simply dreaming wasn’t enough. Making dreams come to
fruition requires true grit and determination.