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Blog Category: MBDA National Director David A. Hinson

MBDA National Director Highlights Opportunities for Partnerships as a Global Growth Strategy at London Symposium

David Hinson, Director of MBDA

The Commerce Department’s Minority Business Development Agency (MBDA) National Director David A. Hinson traveled to London this week to discuss mergers and acquisitions as a global growth strategy for middle-market minority businesses. At the Third Global Merger & Acquisition Symposium: The New Economics for the Private Middle Market, Hinson explained that minority-owned businesses offer international investors above average return prospects and a powerful market entry vehicle into the United States and other countries.

“Within every market there are hidden and often undervalued opportunities that support both market entry and the potential for outsized profit,” Hinson said. “One of these hidden opportunities within the United States is called the minority business community.”

The U.S. minority business community represents $1 trillion of U.S. economic output, and if measured against the size of countries around the world, it would be the 17th richest nation. The minority business sector has also shown the greatest growth dynamics in the U.S. economy in terms of gross receipts, growing at 56 percent based on the latest Census Bureau data.

Now totaling 5.8 million, minority-owned companies in the United States have over $2.46 trillion in total annual purchasing power.

“Partnering with a U.S. minority-owned firm and leveraging not just the firm’s U.S. market presence but the “Made in America” brand can be a winning proposition for a new entrant to a foreign market.”

Economic Development Organizations from Across the Nation Work to Create New Jobs at Hannover Messe 2011

U.S. Ambassador to Germany Philip Murphy and Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan open the Invest in America Pavilion at Hannover Messe 2011.

Guest Blog Post by Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development.

21 Economic Development Organization’s (EDOs) from across the nation are working today to create new jobs in their regions by participating in the U.S. Trade & Investment Program to HANNOVER MESSE 2011, the world's largest industrial technology showcase. The event runs from April 4-8, 2011 in Hannover, Germany.

The purpose of the program is to promote the Obama administration's National Export Initiative (NEI) as well as to attract Foreign Direct Investment (FDI) in the U.S. By leading regional business clusters abroad, the Department of Commerce is aiding communities in promoting their regions as ideal locations to do business.

The program is the product of a unique partnership formed by the Commerce Department’s Economic Development Administration (EDA) and the International Trade Administration’s U.S. Commercial Service (USCS), and Invest In America (IIA) programs.