Created on July 15, 2016 |
Communication and teamwork are two of the most critical components of any organization, regardless of its mission. Without communication and teamwork, it’s almost impossible to achieve or sustain operational...
Created on July 15, 2016 |
Communication and teamwork are two of the most critical components of any organization, regardless of its mission. Without communication and teamwork, it’s almost impossible to achieve or sustain operational...
“I’ve always had the drive to be an entrepreneur… Of course, getting here was not easy,” said Barry Corona, the Co-Founder & President of Production Products Manufacturing & Sales Co. Inc., and the Minority Business Development Agency’s (MBDA) July Entrepreneur of the Month. Corona truly exudes the qualities of an entrepreneur and has recognized his capabilities, utilized his resources, and demonstrated an undeniable work ethic to build his company from the ground up. Production Products is a recognized manufacturing company that specializes in medical isolation and CBRN protection...
Created on July 12, 2016 |
The United States and Mexico share a deep, longstanding relationship that goes far beyond diplomatic relations to include extensive commercial, cultural, and educational ties, with over $1.6 billion in two-way...
Created on July 6, 2016 |
Over the last 9 years, minority-and woman-owned business Combustion Associates Inc. (CAI) has significantly grown their business from a small domestic operation to one that generates the majority of its revenue from exports to sub-Saharan Africa, using financing from the Export-Import Bank of the United States (EXIM).
Established in 1989, the California-based company...
Created on July 1, 2016 |
The ESSENCE Festival is the nation’s largest annual gathering of African American cultural and lifestyle events, unfolding over days in New Orleans, Louisiana. While renowned for the entertainers and A-List celebrities it features, the Festival has evolved in recent years to also highlight much more than music. And this year, the U.S. Commerce Department and the Minority Business Development Agency (MBDA) are on site...
Created on July 1, 2016 |
Have you ever wondered what it takes to sell your products or services to the federal government? Perhaps you've attended a workshop on doing business with the government at some point in the past. Maybe you even heard about the billions of dollars the U.S. Government spends every year buying goods and services from entrepreneurs just like you.
At this week’s Essence Festival, MBDA is offering panels and...
Created on June 30, 2016 |
As New Orleans prepares to welcome the 22nd Annual Essence Festival, the Crescent City and the state of Louisiana anticipate another economic boon from the expected half a million attendees. The festival, rooted in celebrating African-American music and culture, has become...
Created on June 29, 2016 |
The Department of Commerce's Assess Costs Everywhere tool (ACE) highlights the hidden costs and risks that manufacturers need to consider when deciding where to locate their operations or supply chains in the United States.
Since launching ACE in...
Created on June 28, 2016 |
Throughout our country’s history, innovators have used the patent system to protect their ideas. From Samuel Hopkin's improved process in making potash, an ingredient in fertilizer in 1790, to the patents of the present day, the United States Patent and Trademark Office (USPTO) has evaluated and safeguarded innovation around the world.
The many years of data relating to innovation are all made publicly...
Created on June 24, 2016 |
Founded more than 15 years ago, a fast-growing supply company seated in the suburbs of Atlanta, Ga., started selling aircraft parts to commercial airlines and military air forces. The small company of only 35 is now considered one of the best spare parts providers in the world.
Aventure Aviation, nicknamed the ‘AutoZone for airplane supplies’ by its founder and president Zaheer Faruqi, found its humble...
Created on June 15, 2016 |
It's important to form relationships on the ground in order to succeed. The Trade Winds--Latin America trade mission can connect you to key leaders, potential partners, and promising opportunities in seven growing markets.
Trade Winds will feature a Latin America business forum in Chile, along with trade mission stops...
Created on June 10, 2016 |
MBDA Associate Director for Business Development Takes Part in Follow-On Trade Mission to China
As he embarks on a trade mission to China, Efrain Gonzalez of the Minority Business Development Agency (MBDA) looks forward to laying the groundwork for growing numbers of American companies to participate in one of the fastest-growing markets in the world.
“It’s exciting to...
Elliot Park is a second generation entrepreneur, who we are pleased to announce as the MBDA June Entrepreneur of the Month. Mr. Park is the CEO of Shine Electronics Co., Inc., which is a wireless telecommunication industry leader that specializes in the reverse logistics of wireless and cell phone products.
Shine Electronics was founded by Park’s father, Kyu H. Park, in 1974 as a service center that provided high-quality, quick-turn, repairs and refurbishments of costly electronic products to companies, such as Motorola, LG Corporation and U.S. Cellular. In 2014, the company...
Created on June 8, 2016 |
The 2016 A.T Kearney Foreign Direct Investment (FDI) Confidence Index surveyed global executives about their plans for foreign investment, and they ranked the United States at the top for the fourth year in a row. A.T. Kearney also asked executives to identify the two most important factors for deciding where to...
Created on June 8, 2016 |
The United States and Canada share the world’s largest trading relationship. The magnitude of the relationship is incredible, accounting for nearly $2 billion in cross border trade each day. In fact, Canada is the top export market for 35 out of 50 states. So whether your company is a first-time or seasoned exporter, Canada should be a key component of your overseas growth strategy.
Such deep commercial ties...
Created on June 6, 2016 |
It was a family reunion of sorts for nearly 50 Minority Business Development Agency (MBDA) Business Center Operators and Project Directors who traveled from across the United States to attend the 2016 MBDA Post Awards Conference at the U.S. Department of Commerce in Washington, D.C.
The conference is normally held every five years at the start of a new award cycle for the Agency’s funding competition, with the...
Created on May 26, 2016 |
Highlighting the critical nature of their role in America’s global economic position, the U.S. Commerce Department launched the first-ever Asian-American Pacific Islanders (AAPI) Business Summit May 25.
Co-hosted by the Minority Business Development Agency (MBDA) at the Commerce Department, and White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI), the day-long event drew more than 200...
Created on May 26, 2016 |
There has recently been an overwhelming spike in attention to the lack of diversity in the innovation economy in the United States. Unfortunately, it is common to see this string of words illuminated under a negative light. For the past several years, industries that are the economic drivers for growth in the United States have made up the innovation economy.
In fact, in 2016 the term “economy” could also be...
Created on May 26, 2016 |
Felicia Pullam is the Director of Outreach for SelectUSA.
The countdown to the 2016 SelectUSA Investment Summit begins today! In four weeks, June 19-21, President Barack Obama will welcome economic developers from across the country and companies from around the world to Washington, D.C. The SelectUSA...
Created on May 17, 2016 |
Featured in the National Urban League 2016 State of Black America
What images come to mind when you read the words “innovation” and “entrepreneurship”?
If your primary points of reference are popular media or trade press, you might envision a fresh-faced 20-something-year-old on the leafy campus of a private university...
Joann Hill, Chief of MBDA's Office of Business Development and Alika Kumar, Project Director of the Phoenix MBDA Business Center jointly participated in the Department of Commerce's first ever DOC Talks. Together, they gave a talk entitled "Minority Business Enterprise Parity for National Economic Prosperity."
Their unique storytelling approach gave real examples of...
Created on May 16, 2016 |
Free Trade Agreements (FTA) are an important tool to our nation’s economic growth and prosperity. As you know, an FTA is an agreement between two or more countries regarding certain obligations and protections in areas such as trade in goods and services, intellectual property, and investment. FTA objectives include the reduction of barriers to U.S. exports, protection of U.S. interests, and enhancement of the rule of...
This month, the Minority Business Development Agency (MBDA) is proud to introduce Archie Williamson, founder and managing director of Diversified Systems, Inc. (DSI), as the May Entrepreneur of the Month. Archie truly exemplifies the entrepreneurial spirit, having launched his management consulting firm more than 25 years ago with just $3,000 and a credit card. Today, DSI provides services in 10 states and the District of Columbia, with headquarters in Columbus, Ohio.
Archie’s journey as an entrepreneur began at the age of 10 where he delivered newspapers and cut neighbors’ lawns....
Created on May 11, 2016 |
MBDA recently attended the 2016 Federal Laboratory Consortium (FLC) National Meeting in Chicago, Illinois for the second year in a row. Touted as one of the most premier annual events in the technology transfer community, this year’s theme “From Discovery to Commercialization,” focused on collaboration between federal labs, private industry stakeholders and the American business community to move...
Created on May 10, 2016 |
U.S companies have a brand new resource available to them with the recently released Trans-Pacific Partnership Opportunities by Market report from...
Created on May 10, 2016 |
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Created on May 12, 2016 |
The Minority Business Development Agency's (MBDA) participation in Hannover Messe 2016 has been an extraordinary experience. With the U.S. participating as the partner country, the U.S. Department of Commerce and Select USA undertook the enormous challenge of ensuring that American businesses and opportunities were front and center for anyone interested in...
Created on May 4, 2016 |
To cap off National Small Business Week, President Obama and senior Administration officials will join Business Forward’s nationwide network of business leaders to discuss the role of small business in growing the American economy. The discussion will focus on key economic initiatives, including the Trans-Pacific Partnership.
In addition to hearing from the President, business leaders from across the country will...
Created on May 4, 2016 |
Every year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished.
In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record...
Created on May 3, 2016 |
On May 2, 2016, U.S. Economic Development Administration (EDA) opened the application period for NACIE’s 2016-2018 term. Applications are due by 11:59pm Eastern Time on June 1, 2016. NACIE supports Federal innovation strategy by advising the Secretary of Commerce on policies and programs that foster entrepreneurship and by identifying new ways to...
Created on April 29 , 2016 |
What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave?
The 28 million small businesses that propel our economy forward and define our national entrepreneurial spirit.
To be American is to have the freedom to innovate, take risks...
Created on April 29, 2016 |
Money Smart for Small Business (MSSB) provides a practical introduction to topics related to starting and managing a business. Developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA), this instructor-led curriculum consists of 13 modules (download the MSSB Flyer). FDIC and SBA...
Created on April 29, 2016 |
This week at Hannover Messe, the largest industrial trade fair in the world, we see abundant evidence that global business is booming. The fair features more than 6,500 exhibitors, and draws 250,000 visitors to explore innovations in energy, digital factory, industrial automation, industrial supply, and research and technology from leading companies. For the first time since the fair’s founding in 1947, the United...
Created on April 29, 2016 |
Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.
At World’s Largest Industrial Trade Fair, ACT1 Group Expands European Footprint
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Created on April 29, 2016 |
Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.
RMiller Consulting Global Advisors Finds Growth Opportunities
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Created on April 22, 2016 |
Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.
SANA International Commerce, Inc. is an international company that facilitates the global acquisition of materials for...
Created on April 21, 2016 |
Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.
Headquartered in Auburn, Massachusetts, Aimtek, Inc....
Created on April 20, 2016 |
Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.
Menawat & Co. works with businesses in manufacturing and service industries...
Created on April 19, 2016 |
The Department of Commerce is excited to announce that we are actively seeking candidates to serve on the U.S. Travel and Tourism Advisory Board (Board). The Board, established in 2003, serves as the advisory body to the Secretary of Commerce on matters relating to the travel and tourism industry in the United States. The Board provides recommendations to the Secretary of Commerce and agencies that are part of the...
Created on April 18, 2016 |
Earlier today, the International Trade Administration (ITA) released seven new Top Markets Reports to provide the latest assessment of export opportunities for U.S. companies that attend the world’s largest annual trade show for industrial technology: Hannover Messe 2016.
The Top Markets series is a collection of sector-specific reports that are designed to help U....
Created on April 18, 2016 |
With the launch of the Free Trade Agreement (FTA) Tariff Tool in 2011, the International Trade Administration (ITA) provided a first-of-its-kind way for U.S. businesses to calculate the tariff benefits for their products in U.S. free trade agreement partner countries. ITA has now expanded that tool to include tariff information for the 11 countries that...
Created on April 15, 2016 |
EDA plans to release the Federal Funding Opportunity (FFO) and begin accepting applications for the 2016 round of Regional Innovation Strategies (RIS) Programfunding on April 25, 2016; the application period will be open for 60 days. In this 2016 round, a total of $15 million in Federal funding is...
Earlier this month, the Department of Commerce established the United States Investment Advisory Council (IAC). This council will serve as a key conduit for stakeholder input on how best to support U.S. economic growth through the attraction and retention of foreign direct investment (FDI).
This Council will consist of no more than 20 members appointed by the Secretary of Commerce. Each IAC member will serve for a two-year period and the Council will convene twice a year. The mission of the IAC is simple but important for job creation in the United States. The IAC shall:...
Created on April 13, 2016 |
Register Now For the Upcoming Federal Lab Consortium 2016 National Meeting
In today’s fast-paced economy, many...
We’re proud to announce the April 2016 Entrepreneur of the Month: Ron Shahani, president of Acro Service Corporation. Acro is one of the nation’s largest certified minority business enterprises, providing high-quality personnel and services to organizations of all sizes and industries, including BAE Systems, Northrop Grumman, Johnson & Johnson, Kellogg, Toyota, Ford, NASA, State of New Jersey and many others.
Since opening its doors in 1982, Acro identifies workforce management solutions in information technology (IT), engineering, technical, design, manufacturing, light...
Created on March 29, 2016 |
The National Institutes of Health (NIH) held a symposium on The Path to Sustainability for Historically Black Colleges and Universities (HBCUs) on March 9, 2016 in Rockville, Maryland. The theme of the symposium was "Teaming for Opportunities in Biomedical ‘Big’ Data." The National Director of the Minority Business Development Agency, Alejandra Y. Castillo was on hand to deliver the keynote presentation. ...
This post concludes Tradeology’s three-part series of Tips for Trade Show Success. Read part one and part two to get even more helpful tips!
Follow-up dos and don’ts
The trade show has ended and you are excited to follow up on all the leads generated at the show. Here are some tips to help make your time and investment at the show pay off:
Businessman Brainstorming...
The MBDA National MED Week Awards Program is designed to celebrate and recognize the outstanding achievements of minority entrepreneurs, as well as individuals and organizations that have demonstrated leadership and commitment in advancing global minority business enterprise.
In the early morning of March 5, 1969, President Richard M. Nixon emerged from the private residence of The White House and received his daily schedule. As usual, it was packed with ceremonial events and meetings concerning governance.
Tucked between a 7am breakfast with NSA Assistant Director Henry Kissinger, and a lunch-hour meeting with Urban Affairs Assistant, Daniel Patrick Moynihan, President Nixon had an event with a very long title:
“Creation of the Office of Minority Business Enterprise and [signing] the Executive Order, ‘Prescribing Arrangements for...
Here are a couple of cheats for looking approachable without being too uncomfortable:
1. Wear good shoes: it sounds simple but it makes a huge difference and you won’t get caught doing the “trade show shuffle”
2. Upgrade to the premium carpet padding: your feet will thank you, and some buyers will stop by just to rest their aching feet
3. Get counter height tables and bar stools: instead of regular height tables and chairs, get a counter height table, drape it so you can’t see behind it, and lean against a bar...