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Blog Category: Small business

MBDA’s Business Centers Expand Reach

MBDA logo

Celebrated since 1963, National Small Business Week recognizes the contributions of America’s entrepreneurs and small business owners. Entrepreneurship is an integral part of our country’s DNA and increasing numbers of minorities are becoming entrepreneurs. However, starting a business can be challenging in that the majority of small- to medium-sized businesses often lack access and visibility to helpful resources.

Through a national network of nearly 40 business centers and a wide range of domestic and international strategic partners, the Minority Business Development Agency provides minority-owned businesses with technical assistance and access to capital, contract opportunities and new markets to create new jobs and support the economy. Nationwide MBDA Business Centers help provide heightened visibility and access to valuable opportunities for minority-owned firms through partnerships with multi-national corporations, industry coalitions, and government agencies.

For Kevin Robinson, CEO of RFS Group, LLC, in Indianapolis, IN, hard work and determination helped get his full service janitorial company off the ground. However, taking the business to the next level required some help. Robinson contacted the MBDA Business Center in Indianapolis for direction. The Center provided Robinson with procurement assistance and business counseling. As a result, RFS secured several contracts valued at $16,700, and it was able to hire eight additional employees. Within six months of partnering with the Center, RFS saw its revenues increase by 10 percent.

Supporting Small Business on Saturday and All Year Round

Small Business Saturday

Guest blog post by Acting Commerce Secretary Rebecca Blank

Tomorrow is Small Business Saturday, a day to celebrate and support small businesses across the country.

Small businesses play a vital role in creating jobs and economic opportunities nationwide. Making certain that small businesses thrive is a goal we support through many of our efforts here at the Commerce Department: from the Small Business Innovation Research awards, to tools that help small businesses protect their intellectual property, to informative sites that help small businesses export or access the broad array of all federal government tools

Over the last two decades, small businesses and startups have been responsible for creating two out of every three net new jobs in the U.S. Today, over half of all working Americans own or work for a small business. It’s clear that when small businesses succeed, so do our communities.

I want to encourage you to shop at your local small businesses when you can. Check out the participating businesses at www.shopsmall.com.

Whether you live in a big city or a rural area… from coast to coast… Small Business Saturday is an opportunity to support your local businesses and your communities. Happy shopping!

 

Driving Innovation and Economic Growth in West Virginia and Virginia

Erskine speaking from the podium

Guest blog post by Matthew S. Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development

Today, I had the pleasure of joining U.S. Congressman Nick Rahall at Concord University in Athens, West Virginia to formally announce a major EDA investment to create a new EDA University Center in Southern West Virginia. Following the announcement, Congressman Rahall and I engaged in a roundtable discussion with regional businesses leaders to discuss strategies to foster local growth and increase regional competitiveness.

Congressman Rahall was instrumental in helping Marshall University, Concord University, and the Robert C. Byrd Institute for Advanced Flexible Manufacturing partner and apply to join the U.S. Department of Commerce Economic Development Administration’s (EDA) University Center program–a competitive initiative that awards grants to universities across the country to help make the resources of these institutions available to the economic development community.

Congressman Rahall said, “Placing faith and funding in American higher education is nothing new. In fact, it has a proven track record that continues to be the envy of the world. Not only did our land grant colleges and universities usher in the greatest agricultural economy the world has ever known, the first G.I. Bill equipped the greatest generation with the tools that crafted the world’s largest economy. Our training grounds, workshops, research and product development revolve around an alliance of business, industry and universities.”

Building Networks to Advance the Innovation Economy

RIANO logo

Guest blog post by John Fernandez, Assistant Secretary of Commerce for Economic Development

Like President Obama, the top priority of the U.S. Department of Commerce’s new Secretary John Bryson is jobs. Advancing innovative economies is key to achieving sustainable job creation.

Today I traveled to Columbus, Ohio to address innovators, technology business leaders and economic development professionals to discuss ways to accelerate America’s innovation economy to create good jobs and increase our global competitiveness.

I was joined by my colleagues Phil Singerman, Associate Director for Innovation and Industry Services at the National Institute of Standards and Technology and Sean Greene, Associate Administrator for Investment and Special Adviser for Innovation at the Small Business Administration at a conference hosted by State Science & Technology Institute (SSTI) – an organization that seeks to improve the economy through science and technology.  We discussed how under President Obama’s leadership federal agencies are making the smart investments needed to promote American innovation and support entrepreneurship and small business development.