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Recent Minority Business News

  • Fri, 30 Jan 2015 18:39:00 +0000: U.S. envoy, Commerce official to spur Dominican Republic-Puerto Rico trade - MBDA Syndicated News Feed

    United States ambassador James W. Brewster flew to Puerto Rico Wednesday on a two-day trip to attend Minority Business Development Week (MEDWEEK) to be held at Hilton’s Condado Plaza Hotel.

    The diplomat will be the keynote speaker on January 30 in an activity of MEDWEEK, a nationwide event of the US Commerce Dept’s Federal Minority Business Development Agency.

    “As part of MEDWEEK, the Ambassador will address a large gathering comprised of Puerto Rican business leaders about business opportunities in the Dominican Republic, as well as attend the awards ceremony to recognize the achievements of minority businesses and entrepreneurs,” the US Embassy said in an emailed statement.

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  • Fri, 30 Jan 2015 18:24:30 +0000: Puerto Rico MBDA Business Center’s MED Week Event Helps Local Entrepreneurs, Businesses Expand Their Opportunities - MBDA Syndicated News Feed
    Created on January 30, 2015
     

    Conference attendees with National Director Castillo and James W. Brewster, Jr., U.S. Ambassador to the Dominican Republic

    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.

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  • Wed, 28 Jan 2015 15:14:09 +0000: Data Snapshot: How Much Do Small- and Medium-sized Businesses Contribute to U.S. Exports? - MBDA Syndicated News Feed
    Created on January 28, 2015
     

    Export DataIn his State of the Union address, President Obama said that “21st century businesses, including small businesses, need to sell more American products overseas.  Today, our businesses export more than ever, and exporters tend to pay their workers higher wages…”

    Following on the President’s remarks, we thought it would be valuable to take a quick “data snapshot” of the most recent annual report on exporting companies published by the U.S. Census Bureau. The 2014 report shows that small-and-medium-sized companies continue to contribute a larger share of our exports than in the past. As the below graph shows, in 2013 (the most recent year for which we have data), these companies accounted for approximately 35 percent of total goods export value -- continuing a steady growth trend of the past decade.

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  • Tue, 27 Jan 2015 21:03:37 +0000: Upcoming Small Business Innovation Research & Small Business Technology Translation Webinars - MBDA Syndicated News Feed
    Created on January 27, 2015
     

    WebinarThe Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.

    Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization.

    By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.Get to know the Small Business Innovation Research (SBIR) and Small Business Technology Translation (STTR) programs.

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