Minority Business Development Agency (MBDA) Business Centers across America celebrated Minority Enterprise Development (MED) Week, a venue for minority-owned businesses to access information, tools, and resources to grow their businesses both domestically and abroad.
Each year, thousands of minority-owned firms across a variety of industries converge upon various cities to connect with public and private sector buyers, explore avenues for business expansion, and develop thriving partnerships with firms across multiple industry sectors. These goals are accomplished through networking events, workshops, and issue forums including, business-to-business matchmaking, and networking opportunities with multinational corporations, government representatives and leading entrepreneurs. The MBDA Business Centers culminate the week with an awards presentation where they honor minority-owned firms, entrepreneurs and advocates who are contributing to the minority-business community.
“The MED Week legacy was started 32 years ago under the Ronald Reagan Administration,” said Joann Hill, Chief of MBDA’s Office of Business Development, at the Baltimore MBDA Business Center’s MED Week on Oct. 20. “Honored by Presidential Proclamation, MED Week epitomizes the legacy of champions in the minority business community who have and continue to advocate for equity, parity, and the opportunity to compete on a level playing field for women and minority-owned businesses.”
The Phoenix MBDA Business Center used the MED Week opportunity to partner with the Thunderbird School of Global Management for the second annual Global Business Conference. During the two-day conference, topics included international business opportunities with Mexico, Canada, India, China, Africa and South America and the nuts and bolts needed to succeed in international business: financing, risk mitigation and logistics. Overall, the event provided a platform to talk about the National Export Initiative (NEI) and how it can benefit minority business enterprises.
In Chicago, the focus was on merger and acquisition opportunities, as the MBDA Business Center there partnered with the Association for Corporate Growth (ACG) to co-host the 2014 Minority Finance Forum and 15th Annual Midwest ACG Capital Connection.
MBDA celebrated the National MED Week event in August and is already planning for next year’s celebration. For more information on MED Week or on our MBDA Business Centers, please visit: www.mbda.gov.