For 45 years, the Minority Business Development Agency (MBDA) programs have focused on providing greater access to business opportunities that better equip minority business owners to create jobs, build scale and capacity, and contribute to the U.S. economy.
In response to the President’s call to make 2014 “a year of action,” MBDA ensured that we reached many more minority-owned firms throughout the nation. In addition to reaching new heights, MBDA was active in expanding its reach and services for the rapidly growing segment of the economy we serve. We opened seven new MBDA Business Centers in Baltimore, MD, Bridgeport, CT, Houston, TX, Bronx, NY, St. Louis, MO, San Francisco, CA, and Washington, D.C.
MBDA also launched a concentrated effort focused on engaging minority business enterprises in emerging industry opportunities. Our collaboration with the U.S. Department of Energy helps develop access and capacity for minority-owned firms to engage in the growing energy industry.
In October, we provided our San Francisco MBDA Business Center with supplemental funding to establish a Technology Transfer and Innovation specialty center. The Technology Transfer and Innovation specialty center is designed to engage minority-owned firms in tech transfer and “lab-to-market” initiatives. The San Francisco MBDA Business Center’s proximity to Silicon Valley, a leading hub for high-tech innovation and development, provides a prime opportunity to help minority-owned businesses leverage “lab to market” opportunities and ensure greater participation in the growing energy sector by assisting in capacity building and market entry.
We also provided supplemental funding to seven other MBDA Business Centers to specialize in advanced manufacturing and healthcare technology, exports to Africa, exports to Mexico and South America and aerospace supply chain mapping.
These efforts have anchored our Agency as a critical resource for the over 5.8 million U.S. minority-owned firms. And, as MBDA marches forward in the next 45 years, we will continue the pursuit of operational excellence and focusing on maximizing its value to customers.
To learn more about how MBDA continues to pursue operational excellence in all aspects of the Agency in order to best serve the nation’s minority-owned businesses visit www.mbda.gov.