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Recent Minority Business News
- Mon, 28 Jul 2014 19:37:23 +0000: SBA Administrator Maria Contreras-Sweet to Speak at 2014 National MED Week Conference - MBDA Syndicated News Feed
FOR IMMEDIATE RELEASE
July 9, 2014Contact: Al Betancourt - MBDA Public Affairs
U.S. Deputy Commerce Secretary Andrews, MBDA National Director Castillo will also deliver remarks at event
WASHINGTON (July 28, 2014) —As part of the Minority Business Development Agency’s (MBDA) continued collaboration with the U.S. Small Business Administration (SBA), MBDA announced today that SBA Administrator Maria Contreras-Sweet will speak at the 2014 National Minority Enterprise Development (MED) Week Conference in Washington, D.C. on August 1. U.S. Deputy Secretary of Commerce Bruce Andrews and MBDA National Director Alejandra Y. Castillo will also speak during the conference.
As one of the longest running Minority Business Enterprise events in the United States, the National MED Week Conference recognizes outstanding achievements of leading minority entrepreneurs and organizations while positioning business owners for opportunities that drive growth.
- Mon, 28 Jul 2014 15:47:41 +0000: Presidential Proclamation -- Minority Enterprise Development Week, 2014 - MBDA Syndicated News Feed
MINORITY ENTERPRISE DEVELOPMENT WEEK, 2014
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BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
- Thu, 24 Jul 2014 19:16:04 +0000: myRA: A Simple, Safe, Affordable Retirement Savings Account - MBDA Syndicated News Feed
Created on July 24, 2014
The U.S. Department of the Treasury will develop the myRASM (“My Retirement Account”) program, offering a new retirement savings account for individuals looking for a simple, safe, and affordable way to start saving. Savers will be able to open an account with as little as $25 and contribute $5 or more every payday. myRA balances will never go down, and there will be no fees. Initially, myRA will be made available through employers and the investment held in the account will be backed by the U.S. Treasury.
WHO WILL myRA BE FOR?
myRA will be Roth IRA accounts available to anyone who has an annual income of less than $129,000 a year for individuals and $191,000 for couples. myRA will be for savers who do not have access to an employer-sponsored retirement savings plan. myRA is designed for savers who want an investment with a low opening amount.
HOW WILL myRA WORK?
The myRA investment will earn interest at the same variable rate as the Government Securities Investment Fund in the Thrift Savings Plan for federal employees. Savers may voluntarily roll over myRA to private-sector retirement accounts at any time. Once a saver’s myRA reaches $15,000, or after 30 years, the balance will be transferred to a private-sector retirement account. Treasury will finalize transfer procedures when it launches the myRA program later this year.
- Thu, 24 Jul 2014 12:26:12 +0000: U.S. Department of Commerce & Bloomberg Philanthropies Host Inaugural "U.S.-Africa Business Forum" - MBDA Syndicated News Feed
Created on July 24, 2014
The U.S.-Africa Business Forum will be part of President Obama’s U.S.-Africa Leaders Summit
Secretary of Commerce Penny Pritzker and Michael R. Bloomberg to host
President Obama to be keynote speaker
On August 5, 2014, the U.S. Department of Commerce and Bloomberg Philanthropies will co-host the first-ever U.S.-Africa Business Forum, a day focused on trade and investment opportunities on the continent. The U.S.-Africa Business Forum will be part of President Obama’s U.S.-Africa Leaders Summit, the first summit of its kind, and the largest event that any U.S. president has ever convened with African heads of state or government.
As President Obama said in Tanzania last summer, “in our global economy, our fortunes are linked like never before. So more growth and opportunity in Africa can mean more growth and opportunity in the United States. And this is not charity; this is self-interest. And that’s why a key element of my engagement with Africa, and a key focus during this trip, has been to promote trade and investment that can create jobs on both side of the Atlantic.”
Held at the Mandarin Oriental, in Washington, D.C., the U.S.-Africa Business Forum will intensify efforts to strengthen trade and financial ties between the United States and Africa. The Forum will focus on U.S. private sector engagement in Africa in the areas of finance and capital investment, infrastructure, power and energy, agriculture, consumer goods, and information communication technology. Heads of state will engage with business executives from both sides of the Atlantic to engage in conversations about successes and solutions to build greater access for trade and investment in Africa. President Obama will participate in the conversation with CEOs and government leaders from the U.S. and Africa.
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