In fiscal year 2015, through MDBA’s nationwide network of Business Centers, we have assisted clients in securing more than $5.9 billion in contracts and capital. This led to the creation and retention of nearly 27,000 U.S. jobs. MBDA announced its plan to invest up to $13.4 million in grants to support the growth and expansion of MBEs in 2016. Download Fiscal Year 2015
New Research Profiles U.S. Minority Businesses
MBDA releases the Minority Exporters: Characteristics and Strategies for New Business and Expansion. This report shares the unique characteristics of minority exporters. It also offers comparisons to both non-exporting counterparts and nonminority exporters to glean both the opportunities and challenges faced when minority business enterprises conduct business globally.
MBDA releases the State of Minority Business Enterprises: An Overview of the 2007 Survey of Business Owners. This report examines minority businesses operating in 2007 and the growth of these firms since 2002. It does so by analyzing and comparing data from the U.S. Census Bureau’s 2002 and 2007 Survey of Business Owners and identifies the economic conditions under which minority business enterprises operated as well as economic and business changes that occurred during the interval.
The 2015 Essence Festival held annually in New Orleans attracted over 500,000 people to the city including thousands of minority entrepreneurs. MBDA partnered with Power Moves to provide a two day seminar for 50 entrepreneurs who received information on access to contracting, business marketing, how to grow their business in size and scale.
The 2015 Minority Enterprise Development Week was held in San Diego, CA where MBDA hosted 10 federal agencies at the 1st Federal Gateway featured at the National Minority Supplier Development Council Conference and Business Opportunity Exchange as well as several plenary sessions focusing on contracts, capital, global exporting and tech transfer. MBDA also recognized some of the Agency’s top performing MBEs of the year at the awards banquet to round off a very successful MED week 2015.