This site contains information from January 2009-December 2014. Click HERE to go the CURRENT website.
Syndicate content

Blog Category: MBDA Business Centers

Puerto Rico MBDA Business Center’s MED Week Event Helps Local Entrepreneurs, Businesses Expand Their Opportunities

Isabella Cascarano, U.S. Embassy of Dominican Republic,  Jose Burgos USEAC, of Puerto Rico, James W. Brewster, Jr., U.S. Ambassador to the Dominican Republic, Gabriela Morales, MBDA Business Development Specialist, Teresa Berrios, Puerto Rico MBDA Business Center's Director, and Alejandra Y. Castillo, MBDA's National Director, ready to meet local entrepreneurs during the Puerto Rico MBDA Business Center's MED Week Conference in San Juan's Condado Plaza Hotel, Jan. 30.

Puerto Rican businesses and entrepreneurs looking for opportunities that drive growth found them during Puerto Rico’s MBDA Business Center’s Minority Enterprise Development Week (MED Week) conference held on January 30th in San Juan’s Condado Plaza Hotel.

The MED Week in Puerto Rico continued the celebration of the Minority Business Development Agency’s (MBDA) 45th Anniversary.  It was also another opportunity to amplify our continued efforts in Puerto Rico to assist minority-owned firms grow in size and scale, and diversify into the industries of tomorrow.

To that end, this past year, we engaged the Puerto Rico MBDA Business Center on several important business endeavors.  One of them was ensuring that minority firms in Puerto Rico were well positioned to export, and that’s precisely why we invited James W. Brewster, Jr., U.S. Ambassador to the Dominican Republic to be the keynote speaker at this year’s MED Week event.  As a critical trade partner, we wanted to talk about the exporting opportunities that exist in the Dominican Republic, but also throughout all the Caribbean nations.

MBDA: Strengthening Support to Minority-Owned Firms

MBDA logo

Guest blog post by David A. Hinson, National Director, Minority Business Development Agency
Supporting the growth and global competitiveness of minority-owned businesses is a priority for the Department of Commerce and the Obama administration.

And we’re making good on that priority. Last year, the Department’s Minority Business Development Agency (MBDA) registered the best annual performance in its 41-year history. It assisted minority-owned businesses in gaining access to nearly $4 billion in contracts and capital, supporting the creation of nearly 6,000 much-needed jobs. Over the last three years, our network of 39 MBDA Business Centers, has been largely responsible for generating $10 billion in contracts and capital while helping to create and save nearly 20,000 jobs.

Today, the challenge for MBDA–like so many organizations across the federal government–is to figure out how we build on that record while becoming more efficient.  A number of bureaus right here within the Commerce Department are facing a similar challenge, which has led, for example, to consolidating or otherwise cutting several programs in the National Oceanic and Atmospheric Administration (NOAA), restructuring some units within International Trade Administration (ITA) and shifting the Economic Development Administration’s (EDA) emphasis to regional innovation strategies. So how do we at MBDA meet the President’s mandate to improve services to minority-owned businesses and entrepreneurs in an increasingly difficult budget environment?

The answer for our Bureau started with looking at the grassroots where MBDA interacts on a daily basis with minority business owners. Our front lines are our 39 MBDA Business Centers and related business development support services. Our plan is to strengthen connections at that level to enhance services and get more for your tax dollar.