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Blog Category: Alejandra Y. Castillo

MBDA Business Centers Provide Technical Expertise Helping Minority Business Entrepreneurs Reach Success

MBDA Business Centers Provide Technical Expertise Helping Minority Business Entrepreneurs Reach Success

For more than four decades, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to minority businesses enterprises (MBEs), which are increasingly critical contributors to the U.S. economy. 

With an eco-system of 44 MBDA Business Centers located across the U.S. and in Puerto Rico, the Agency’s national programs and initiatives provide increased access to contracts, capital and markets. Although the centers are strategically located in areas with the largest number of MBEs, there are no geographical boundaries for service delivery, which allows MBDA clients, regardless of their location, to seek services from any MBDA Business Center. 

Nine of the business centers are “specialty centers” that deliver expert industry and market consulting and services in the areas of U.S. exports and business linkages in emerging economies, advanced manufacturing initiatives, and technology transfer and innovation. 

“At MBDA our goal is to expand the Agency’s reach, expertise, and resources to serve as many minority business enterprises through our national network of MBDA Business Centers,” said Alejandra Y. Castillo, MBDA National Director. “We want to ensure that we provide greater assistance to minority-owned businesses to support job creation and the continued growth of the U.S. economy.” 

Besides all the technical assistance, it’s the face-to-face time with minority entrepreneurs that is the core strength of the MBDA Business Centers. 

“MBDA has functioned like a partner to my company, providing me with consulting services that led to joint ventures, capital financing, and contracting opportunities,” said Clarence McAllister, Owner of Fortis Networks and client of the Phoenix MBDA Business Center. 

For complete listing of all MBDA Business Centers, their unique capabilities and contact information, please visit www.mbda.gov.

MBDA National Director Alejandra Castillo Challenges Young Latina Entrepreneurs to Think Big

MBDA National Director Alejandra Castillo speaks at the Latinas Think Big Conference

Last week, Alejandra Castillo, the first Hispanic American woman appointed as the National Director of the Minority Business Development Agency, participated in a panel discussion at the Latinas Think Big Innovation Summit at Google’s Mountain View Campus. The Summit brought together thought leaders, entrepreneurs, innovators and influencers to exchange ideas, address important issues, and connect attendees to high-caliber networks.

Created by Dr. Angelica Perez-Litwin, PhD, Latinas Think Big™ is a progressive platform and national tour created to bring together innovative ideas and groundbreaking projects of Latinas around the country. “I created Latinas Think Big™ to showcase the innovative ideas, talents and groundbreaking projects of Latinas around the country. I wanted to bring talented Latinas and thought leaders to the stages of well-regarded institutions like Columbia University and powerful companies like Google, for the world to 'see' how Latinas are contributing to the country's social and economic well-being,” said Dr. Perez-Litwin.  

According to the U.S. Census Bureau’s 2007 Survey of Business Owners, between 2002 and 2007 Hispanic-owned businesses increased by 43.7 percent to 2.3 million, more than twice the national rate of 18 percent between the same period of time. Hispanic women-owned businesses are the fastest growing business demographic, increasing 43 percent between 2002 and 2007.

Latinas Think Big creates a space in which young women have access to speak to professional women across all sectors. At the event, Castillo talked to the audience of young Latinas about the importance of entrepreneurship and innovation. “As entrepreneurs, you need to understand that 95% of the world’s consumers live outside of the U.S. borders. The fact that you speak Spanish, the fact that you are Latinos, and the fact that you understand the business culture of Colombia, Dominican Republic, and El Salvador, positions you in a very unique place to be able to tap into those markets. When thinking about entrepreneurial ideas, think about how to go global,” stated Castillo.

MBDA Deputy Director Receives Hispanic Business Community Award

Photo of Castillo with event organizers

Cross-posted from MBDA.gov blog by Alberto Betancourt, Press Secretary

The Hispanic Heritage Foundation held their first Hispanic Business Community Awards celebration Oct. 23 at the Capital One Bank headquarters in McLean, Va. The awards recognized the impact of Latino business leaders on the Greater Washington, DC community.

Alejandra Y. Castillo, MBDA National Deputy Director, was one of five awardees honored at the event. Castillo received the Public Service Leadership award.

“I’m very honored to receive this award,” she said. “I have a rewarding job where every day I come to work and have the unique privilege of honoring my father. He emigrated from the Dominican Republic and started his own business. That’s what inspires me to help minority-owned companies grow their own business.”

U.S. Secretary of Commerce Penny Pritzker also congratulated Castillo on the recognition. MBDA blog