Minority Business Development Agency

Readout of SBA Administrator Guzman’s Visit to Las Vegas with Vice President Harris, Second Gentleman Emhoff

Retrieved on: 
Sunday, January 28, 2024
Enterprise software, MBDA, Employment, LAS, NV-04, Commerce, Native Hawaiians, Administration, Interview, Entrepreneurship, Second, AAPI, The Chef Jeff Project, SBA, Human, Small business, Sparkling wine, Minority Business Development Agency, American Dream, Hotel

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Key Points: 
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    Readout of SBA Administrator Guzman’s Visit to Las Vegas with Vice President Harris, Second Gentleman Emhoff
    Visit highlighted the Biden-Harris Administration’s Small Business Boom, celebrated new SBA rule to increase economic opportunity for returning citizens
    LAS VEGAS, NV – On Jan. 27, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to Las Vegas with Vice President Kamala Harris and Second Gentleman Douglas Emhoff to highlight the Biden-Harris Administration’s commitment to inclusive economic empowerment and opportunity for entrepreneurs and small business owners.
  • Upon arriving in Las Vegas, Administrator Guzman and Vice President Harris joined U.S. Rep. Steven Horsford (NV-04) and Eric Morrissette, Interim Under Secretary of Commerce for Minority Business Development Agency (MBDA), for a visit to The Chef Jeff Project.
  • As part of that rule change, the SBA will also remove questions about criminal history from its loan applications.
  • For follow-up interview requests for Administrator Guzman, please contact Rebecca Galanti at [email protected] .

TOMORROW: SBA Administrator Guzman to Visit Las Vegas with Vice President Harris, Second Gentleman Emhoff

Retrieved on: 
Friday, January 26, 2024
Enterprise software, MBDA, Employment, NV-04, Commerce, Native Hawaiians, Administration, RSVP, Entrepreneurship, Second, AAPI, SBA, Human, Small business, Minority Business Development Agency

WASHINGTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- On Saturday, January 27, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, will join Vice President Kamala Harris and Second Gentleman Douglas Emhoff in Las Vegas to highlight the Biden-Harris Administration’s commitment to uplifting small businesses and supporting entrepreneurship.

Key Points: 
  • WASHINGTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- On Saturday, January 27, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, will join Vice President Kamala Harris and Second Gentleman Douglas Emhoff in Las Vegas to highlight the Biden-Harris Administration’s commitment to uplifting small businesses and supporting entrepreneurship.
  • There, the leaders will discuss a forthcoming SBA rule that makes it easier for America’s returning citizens to start and run a small business.
  • This event is open to credentialed members of the media who have already RSVPed with the Office of the Vice President.
  • Administrator Guzman will then join Second Gentleman Emhoff in visits to local Native Hawaiian and Pacific Islander-owned small businesses to learn about the state of the AAPI-owned small business landscape under this Administration.

National ACE, Sunstone Management Partner to Help AAPI Businesses Nationwide

Retrieved on: 
Monday, January 29, 2024
Professional Services, White House, Federal Government, Public Policy, Government, Other Professional Services, Small Business, Start-Up, Finance, Enterprise software, MBDA, Year One, ACE, Social, Sunstone, Commerce, Partnership, Capacity building, Curriculum, AAPI, Small business, Economic development, Management, Minority Business Development Agency, AANHPI

Sunstone Management, Inc., and the National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) have reached agreement to partner in a federally financed program designed to help AANHPI entrepreneurs launch and grow their businesses.

Key Points: 
  • Sunstone Management, Inc., and the National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) have reached agreement to partner in a federally financed program designed to help AANHPI entrepreneurs launch and grow their businesses.
  • "We recognize the value of the Capital Readiness Program including capacity building, development, and capital opportunities for the success of the 2.9 million AAPI-owned small businesses nationwide,” said Chiling Tong, President and CEO of National ACE.
  • “We are proud to be a key partner with MBDA, which will bolster AAPI businesses across the nation with an accelerator curriculum to expand access to capital.”
    Sunstone Management supported National ACE’s application with a proposal to be the matching capital funds partner.
  • “National ACE’s new program aligns well with our approach to helping young, underserved entrepreneurs launch and scale up their businesses,” Keisler said.

Tamira Chapman Recognized as Minority E-Commerce Firm of the Year By U.S. Department of Commerce's Minority Business Development Agency

Retrieved on: 
Friday, October 27, 2023
Mail Boxes Etc., Minority Business Development Agency, Social media, Minority, MBDA, Commerce, Organization, Acquisition, WPO, JPMorgan Chase, U.S. Department of Commerce Office of Security, U.S. Department of Defense Strategy for Operating in Cyberspace, Enterprise software, Storehouse, Ford Motor Company, Retail

DETROIT, Oct. 27, 2023 /PRNewswire/ -- Tamira Chapman, the visionary founder and president of Storehouse In A Box LLC, recently garnered the notable distinction of Minority E-Commerce Firm of the Year by U.S. Department of Commerce's Minority Business Development Agency (MBDA).

Key Points: 
  • DETROIT, Oct. 27, 2023 /PRNewswire/ -- Tamira Chapman, the visionary founder and president of Storehouse In A Box LLC, recently garnered the notable distinction of Minority E-Commerce Firm of the Year by U.S. Department of Commerce's Minority Business Development Agency (MBDA).
  • From her early forays into the e-commerce arena, Chapman showcased an uncanny business acumen that distinguished her from the crowd.
  • She astutely capitalized on emerging market trends and ingeniously positioned Storehouse In A Box, LLC for unparalleled success.
  • For interview inquiries or more details about Tamira Chapman and Storehouse, visit www.TamiraChapman.com and www.storehouseinabox.com .

The Minority Business Development Agency Announces Winners of the 2023 National Minority Enterprise Development Week Awards

Retrieved on: 
Thursday, October 5, 2023
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WASHINGTON, D.C., Oct. 05, 2023 (GLOBE NEWSWIRE) -- WASHINGTON, DC – Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) proudly announces recipients of the 2023 Minority Enterprise Development (MED) Week Awards.

Key Points: 
  • WASHINGTON, D.C., Oct. 05, 2023 (GLOBE NEWSWIRE) -- WASHINGTON, DC – Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) proudly announces recipients of the 2023 Minority Enterprise Development (MED) Week Awards.
  • The National MED Week Awards are the highest level of national recognition that a U.S. minority business enterprise can receive from the Department of Commerce.
  • These prestigious awards celebrate the outstanding achievements of minority entrepreneurs, as well as the individuals and organizations that have demonstrated their commitment to advancing minority business enterprises.
  • 2023 National MED Week will be hosted in collaboration with the Annual Conference & Exchange by the National Minority Supplier Development Council (NMSDC), and will take place in Baltimore, Maryland from October 22-25.

Dream Exchange Proudly Sponsors "Start Local, Scale Global: Empowering Minority Owned Businesses for Global Trade" Event with MBDA and USTDA

Retrieved on: 
Monday, October 16, 2023
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The forum featured key stakeholders and policymakers who discussed innovative strategies for the growth and empowerment of minority-owned businesses seeking to enter global markets.

Key Points: 
  • The forum featured key stakeholders and policymakers who discussed innovative strategies for the growth and empowerment of minority-owned businesses seeking to enter global markets.
  • Dream Exchange Founder and CEO, Joe Cecala also emphasized the company's dedication to supporting minority business enterprises.
  • He stated, "At Dream Exchange, we recognize that empowering minority-owned businesses is not only the right thing to do but also a crucial driver of economic prosperity.
  • Our sponsorship of this event with the MBDA and USTDA reflects our commitment to helping minority entrepreneurs scale their businesses and drive meaningful change within their communities."

FinRegLab to Evaluate Data to Increase Credit Access for Minority Business Enterprises and to Scale Lending by Mission-based Lenders

Retrieved on: 
Thursday, September 7, 2023
Columbia University, Maryland Department of Commerce, Small business, Partnership, Plaid, Enterprise software, U.S. Department of Defense Strategy for Operating in Cyberspace, COVID-19, Public policy, Research, Empirical research, Aircraft, Minority Business Development Agency, Visa, Sustainability, Worku, MBDA, Commerce, Security (finance), Bank, New York University

It will also evaluate the predictiveness of different credit attributes using loan performance data from larger fintech lenders.

Key Points: 
  • It will also evaluate the predictiveness of different credit attributes using loan performance data from larger fintech lenders.
  • "Increasing credit access among minority business enterprises can help to address racial wealth gaps and spur job creation," said FinRegLab CEO Melissa Koide.
  • To do so, we need the data and research to back it up, which is exactly the goal of FinRegLab's credit access initiative.
  • For earlier FinRegLab work evaluating the use of cash-flow data in both consumer and small business underwriting, visit https://finreglab.org/cash-flow-data-in-underwriting-credit .

NMSDC and MBDA Work Together to Close Equity Gap for Minority Businesses at Annual Conference & Exchange

Retrieved on: 
Tuesday, August 15, 2023
Enterprise software, Minority Business Development Agency, Policy, Exchange, Growth, Federation, MED, Echo sounding, Conference, MBDA, Commerce, Creative industries, Management

WASHINGTON, D.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- As part of our efforts to accelerate minority business growth and advance economic equity the National Minority Supplier Development Council (NMSDC) and the Minority Business Development Agency (MBDA) are collaborating to bring this year’s NMSDC Annual Conference & Exchange and MBDA National Minority Enterprise Development (MED) Week to Baltimore October 22- 25.

Key Points: 
  • WASHINGTON, D.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- As part of our efforts to accelerate minority business growth and advance economic equity the National Minority Supplier Development Council (NMSDC) and the Minority Business Development Agency (MBDA) are collaborating to bring this year’s NMSDC Annual Conference & Exchange and MBDA National Minority Enterprise Development (MED) Week to Baltimore October 22- 25.
  • It will enable NMSDC and MBDA to convene high-level federal partners to engage in important policy discussions focused on accelerating growth for minority businesses.
  • “The Minority Business Development Agency is excited to work with NMSDC to commemorate the 40th Annual National Minority Enterprise Development Week, a historic milestone for the minority business community,” said Donald R. Cravins, Jr., Under Secretary of Commerce for Minority Business Development.
  • “MBDA and NMSDC share a mission to create an equitable business ecosystem in order to unlock our Nation’s economic potential.

WOMEN-OWNED BUSINESS ADVOCATES TAKE CENTER STAGE IN WASHINGTON TO DISCUSS BIPARTISAN POLICY SOLUTIONS

Retrieved on: 
Thursday, August 10, 2023
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The Association of Women’s Business Centers (AWBC) hosted its annual 2023 Leadership Conference, where over 300 Women’s Business Center leaders from all 50 states gathered to discuss women’s entrepreneurship and advance a pro-women business ownership policy agenda.

Key Points: 
  • The Association of Women’s Business Centers (AWBC) hosted its annual 2023 Leadership Conference, where over 300 Women’s Business Center leaders from all 50 states gathered to discuss women’s entrepreneurship and advance a pro-women business ownership policy agenda.
  • The event aligned with a U.S. Senate Committee on Small Business and Entrepreneurship hearing on women’s entrepreneurship, where four women small business owners testified about the critical role of the Women’s Business Center (WBC) network.
  • Our annual convening remains one of the most critical gatherings of women business leaders in the country.
  • Despite operating under an antiquated and restrictive statute, WBCs have shown a robust impact in supporting women business owners across the country.

NMSDC Launches MBE Center for Accelerated Growth and Innovation

Retrieved on: 
Wednesday, August 9, 2023
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NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- The National Minority Supplier Development Council (NMSDC) has received a multi-year, $3 million Capital Readiness Program grant from the Minority Business Development Agency (MBDA) to launch the MBE Center for Accelerated Growth and Innovation.

Key Points: 
  • NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- The National Minority Supplier Development Council (NMSDC) has received a multi-year, $3 million Capital Readiness Program grant from the Minority Business Development Agency (MBDA) to launch the MBE Center for Accelerated Growth and Innovation.
  • Thanks to the initial support of the MBDA, NMSDC will launch this transformation center to scale historically underrepresented certified socially economically disadvantaged individuals (SEDIs) and focus on minority business enterprises (MBEs).
  • The MBE Center for Accelerated Growth and Innovation will focus its work on three pillar programs:
    Contract Readiness: This capacity-building initiative will prepare certified MBEs for doing business with the federal government and national/global corporations.
  • “We are incredibly grateful for MBDA’s support of the MBE Center for Accelerated Growth and Innovation and look forward to the enormous impact it will have on MBE growth in the coming years,” she added.