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Blog Category: Minority Business Development Agency

Spotlight on Commerce: David Hinson, National Director of MBDA

David Hinson, Director of MBDA

Ed. Note: This post is part of the Spotlight on Commerce series, which highlights members of the Department of Commerce who are contributing to the President's vision of winning the future through their work.

David Hinson is the National Director of the Minority Business Development Agency.

As I travel around the country, I am in awe of the tenacity and the indomitable spirit of minority business owners and their unwillingness to quit in the face of overwhelming odds. That’s the spirit that makes America great.

As the National Director of the Minority Business Development Agency (MBDA), I am proud to be a part of this Administration and a part of an Agency where our work helps to expand the U.S. economy and create new jobs through the historically underutilized minority business community.

I have the privilege of serving on the senior staff of the Secretary of Commerce and serving as Bureau Chief of MBDA, as well as engaging with various stakeholders, members of Congress, minority-owned and operated businesses, and nonprofit organizations that support minority business development across the nation.

MBDA is a national organization with more than 46 business centers in five regions, which generates nearly $4 billion in contracts and capital for minority-owned businesses. We also create thousands of jobs for all Americans and help save thousands of existing jobs.

Minority-owned firms are an engine of job creation for the U.S. economy, outpacing growth within the general business community for most of the last decade. Collectively, minority-owned businesses generate $1 trillion in economic output and create nearly 6 million jobs. They also possess almost $2.5 trillion in buying power.

My first introduction to business was as a child growing up in St. Louis, MO. I learned lessons about entrepreneurship from my next door neighbor who ran a small cookie distribution company from his home.  He taught me about the importance of inventory and business efficiencies. While I was a dreamer, who often thought about what people were doing in other countries, my parents’ neighbors and teachers taught me that simply dreaming wasn’t enough. Making dreams come to fruition requires true grit and determination.

Build It Here: American Manufacturing

During the course of our economic recovery since the end of the Great Recession in 2009, domestic manufacturing has been a star. In the past, manufacturing output and job growth have typically lagged behind the economy’s overall recovery in the United States. But this time, manufacturing has led the way.

Manufacturing activity expanded in January at its fastest pace in seven years, recording its 18th month of growth, according to the Institute for Supply Management’s January manufacturing index. As Commerce Department Chief Economist Mark Doms noted recently in his new blog, manufacturing jobs are associated with relatively high wages, hence the commonly used phrase “good jobs” in reference to those created in the industry.

In the video below, U.S. companies from a wide range of industries from health care to plastics talk about why they manufacture their goods in America. The United States offers a highly educated workforce, strong intellectual property protections, and a business climate that supports and encourages innovation. For ET Water, Labcon, Supracor and others, manufacturing in America just makes smart business sense.

See video

Black-Owned Businesses Outpace Growth of Non-Minority-Owned Businesses

Today the Commerce Department’s Minority Business Development Agency (MBDA) and U.S. Census Bureau released new data from the U.S. Census Bureau’s 2007 Survey of Business Owners showing that the number of African American-owned firms in the United States increased by 60.5 percent between 2002 and 2007 to 1.9 million firms. African American-owned businesses also drove job creation over the five-year period, with employment growing 22 percent, exceeding that of non-minority-owned businesses.

“We are encouraged by the overall growth of the minority business community, including African American-owned businesses, but we still have a lot of work to do,” said MBDA National Director David A. Hinson. “Creating new businesses and new jobs on a path to entrepreneurial parity in size, scope and capacity is our primary goal.”

While minority-owned firms are experiencing substantial growth, African American-owned businesses still only represent 7 percent of all classifiable firms but 12 percent of the adult population. MBDA works to promote the growth and global competitiveness of minority businesses, so they are better equipped to create jobs, boost their local economies and compete in the global marketplace. 

Find out more about African American-owned businesses.

Secretary Locke Announces Members of New National Advisory Council on Minority Business Enterprises

Today, Commerce Secretary Gary Locke announced the appointment of 25 members to the new National Advisory Council for Minority Business Enterprises.  The advisory council will be led by the Commerce Department’s Minority Business Development Agency (MBDA) and provide advice and recommendations to the department and the administration on a broad range of policy issues affecting the minority business community. 

The new council is the first to focus on promoting minority businesses since around 1969, when President Nixon established MBDA – formerly the Office of Minority Business Enterprise – and an advisory council to oversee and advise the new office.

The minority business community is an engine of economic growth and job creation. Today, there are approximately 5.8 million minority-owned firms generating $1 trillion annually and employing nearly 6 million workers. Yet, there continues to be challenges within the minority business community.  Of those 5.8 million firms, only 800,000 have more than one employee and the gap in average annual revenue between minority-owned and non-minority-owned firms is significant.

The Obama Administration is committed to narrowing that gap and finding ways to support and promote minority businesses. 

“The nation’s 5.8 million minority-owned firms have significant untapped potential that can benefit the United States,” said David A. Hinson, MBDA’s national director. “The advisory council has an opportunity to shape future policies and programs that will set the foundation for the growth of $100 million companies across all industries that are owned and operated by U.S. minorities.”

The first meeting of the new National Advisory Council for Minority Business Enterprises is planned for early 2011.

 

Hispanic-Owned Businesses Grow by More than Double the National Rate

The Commerce Department’s Minority Business Development Agency and U.S. Census Bureau today announced that the number of Hispanic-owned firms increased by nearly 44 percent between 2002 and 2007 from 1.6 million businesses to 2.3 million, according to new data released today from the U.S. Census Bureau’s 2007 Survey of Business Owners. Employment at Hispanic-owned firms also grew by 26 percent from 1.5 million to 1.9 million workers, a growth rate significantly higher than that of non-minority-owned firms.

“It is encouraging that the Hispanic business community is growing, but we need to create the right conditions for Hispanic-owned businesses to grow more quickly,” MBDA’s National Director David A. Hinson said. “We encourage Hispanic-owned businesses to explore new markets and take advantage of their existing cultural, family or business ties in foreign countries to export as a means to grow and compete in today’s global economy.”

Hispanic-owned businesses generated $345.2 billion in sales in 2007, up 55.5 percent compared with 2002. And of all Hispanic-owned firms with employees, approximately 44,000 have revenues of more than $1 million, representing an increase of more than 51 percent over 2002.

While these are welcome improvements for Hispanic-owned businesses and the minority business community, there is still significant room for growth. Learn how the Minority Business Development Agency can help you grow your minority business.

Today’s newly-released data from the U.S. Census Bureau is available by geographic area, industry and size of business.  |  Full release  |  Noticias en español

Secretary Locke Addresses Exports, Economic Growth and Job Creation with Minority Businesses

Secretary Locke talks at MED Week

On the final day of the National Minority Enterprise Development (MED) Week Conference hosted by the Commerce Department’s Minority Business Development Agency (MBDA), U.S. Commerce Secretary Gary Locke addressed minority business owners, government officials and corporate representatives and officially opened a Business-to-Business Expo Hall.

Locke discussed President Obama’s National Export Initiative (NEI) and how minority businesses can become more competitive and increase job creation and economic growth by participating in the global marketplace. Minority businesses already export twice as much as the average business, as they often have existing cultural, family or business ties to foreign countries. The NEI seeks to build on that, with a goal of increasing the number of small-, medium- and minority-owned businesses exporting to more than one market by 50 percent over the next five years.

Following his remarks, Locke officially opened and toured the Business-to-Business Expo Hall, which includes exhibit booths and one-on-one matching services with more than $20 billion in opportunities for minority businesses. The expo also offers 20-minute power-learning sessions conducted by public- and private-sector partners.

The MED Week Conference wraps up Friday night with the Awards Gala. U.S. Commerce Deputy Secretary Dennis Hightower will highlight the impact of minority-owned firms on the global economy and thank the MED Week award winners for their hard work.   Remarks

Minority Business Development Agency Kicks Off National Minority Enterprise Development Week Conference

Conference to help expand global reach for minority-owned firms

Alternate TextToday Commerce's Minority Business Development Agency (MBDA) kicked off the 28th annual National Minority Enterprise Development (MED) Week Conference in Washington, D.C.  The week-long conference focuses on “Strategies for Growth and Competitiveness in the Global Economy.”

The MED Week conference helps minority-owned firms grow domestically and globally through a series of educational, training and business-to-business networking events. Throughout MED Week, nearly 1,500 minority business owners, government officials and corporate representatives will hear about President Obama’s National Export Initiative and develop the skills to become export-ready. They will also have the chance to participate in sessions on opportunities for minority-owned firms in federal contracting and Haiti reconstruction, among others. The week will wrap up with an awards gala to honor excellence in minority-owned firms.

MBDA and National Director David Hinson will welcome several speakers to this week’s conference, including: U.S. Commerce Secretary Gary Locke, Administrator of the Small Business Administration Karen G. Mills, U.S. Deputy Commerce Secretary Dennis Hightower, Under Secretary of Commerce for International Trade Francisco Sánchez, Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office David Kappos, and Assistant Secretary of Commerce for Economic Development John Fernandez.

MBDA is focused on helping minority-owned firms grow their businesses domestically and globally to foster job creation and economic growth. For more information about the conference and a video of National Director Hinson at MED Week, visit http://www.medweek.gov.  |  Conference details and more  | USPTO Kappos's remarks

MBDA Unveils First U.S. Global Construction Program for Minority-Owned Firms

Secretary Locke with participants at National Press ClubProgram to provide minority-owned firms with education, mentoring and ability to compete for $1 billion in global construction procurement opportunities

U.S. Commerce Deputy Secretary Dennis Hightower, Commerce's Minority Business Development Agency (MBDA), the International Trade Administration (ITA), the Tutor Perini Corporation, and the University of Southern California’s School of Policy, Planning and Development today announced the nation’s first program created to globalize the U.S. minority-owned construction industry by providing education, mentoring and procurement opportunities to minority-owned firms. Firms that complete the program will have the opportunity to compete for a minimum of $1 billion in Tutor Perini contracts, primarily international contracts, over a four-year period.

“This program could not be more relevant in today’s economy, where global competition is tougher than ever before,” said Hightower. “President Obama has set a goal of doubling exports over the next five years though his National Export Initiative and we need every stakeholder in America actively engaged in re-building our economy to create new jobs.”

An unprecedented public-private program spearheaded by MBDA, the Global Construction Program will prepare 150 high capacity, minority-owned and operated general contractors, subcontractors and suppliers to compete for construction opportunities worldwide. Participating firms will receive training, education and mentoring, as well as a new, broader source of contracting opportunities. Tutor Perini Corporation is one of the nation’s largest global construction conglomerates and a leader in supplier diversity within the construction industry. 

Pictured are Ralph Moore, President and CEO, Ralph G. Moore & Associates, Jennifer Grodsky, Executive Director, Federal Relations, University of Southern California,  Richard Rizzo, Executive Vice President, Tutor Perini Corporation, Deputy Secretary Dennis Hightower, and MBDA National Director David Hinson.  Read more

Commerce Department Recruiting Industry Experts to Serve on New Advisory Council on Minority Business

Comerce seal

The Commerce Department is recruiting leaders from the private sector to serve on the National Advisory Council on Minority Business Enterprise (NACMBE). The council will provide advice and guidance to the Secretary on key issues, including policies that would best position minority-owned firms to compete in the global economy: access to capital, expanded participation in emerging industries, and improved access to the global supply chains of the world’s largest corporations. Commerce’s Minority Business Development Agency (MBDA) will assist the Secretary in overseeing the Advisory Council. (More) (Nomination notice)

Secretary Locke Joins President Obama and Administration Officials at White House Tribal Nations Conference

Secretaries Salazar, Vilsack and Locke seen at conference.

Photo-capture from White House Web stream

U.S. Commerce Secretary Locke joined President Obama and high-level administration officials at the White House Tribal Nations Conference to highlight the department’s ongoing efforts to support economic development in Native American communities through the Minority Business Development Agency and other department bureaus. The conference provided leaders from 564 federally-recognized tribes the opportunity to have interactive discussions with administration officials regarding: economic development, public safety, housing, education, health and labor. (Remarks)