Tag: U.S. Department Of Commerce

Minority Business Development Agency Announces Record Client Performance

minority business development agency jobs

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) increased its efforts last spring to bolster its support of minority business owners with a grant competition, and it reported record job creation for those businesses for fiscal year 2012. The MBDA’s good work in that arena was highlighted once more after a record-setting fiscal year in 2013 that saw the agency help lead the creation and retention of 25,704 jobs.

On Tuesday, the MBDA released a press release reporting on the agency’s job creation, the capital it provided the businesses, and the contract support given to participants in the programs. More than $4.8 billion in capital and contract awards were doled out, leading to the agency’s highest job-creation goal in its 45-year history.

More from MBDA’s National Director, David A. Hinson:

“These FY13 figures illustrate the crucial role MBDA continues to play in helping minority-owned businesses create jobs and strengthen local communities nationwide. This outstanding performance is a hallmark of the Obama administration’s efforts to help strengthen small- and- medium-sized businesses, which are fueling our economic recovery.

In total under the Obama administration for the years between FY 2009 and FY 2013, the MDBA has helped business owners and participants gain $19.4 billion in contracts and capital, which led to the creation and/or retention of 58,752 jobs.

A full version of the MBDA’s Annual Performance Report will be released at a later time.

article by D.L. Chandler via newsone.com

Two Black Scientists Selected for National Technology Award

 
Two African-American scientists have been named as part of a group that will receive the National Medal of Technology and Innovation Award by the Obama Administrationthe White House announced.  Among the 12 recipients are James Gates, a physicist at the University of Maryland, and George Carruthers, an inventor, physicist, space scientist and professor at Howard University.

“I am proud to honor these inspiring American innovators,” President Obama said, in a statement. 

“They represent the ingenuity and imagination that has long made this Nation great — and they remind us of the enormous impact a few good ideas can have when these creative qualities are unleashed in an entrepreneurial environment.”
Continue reading “Two Black Scientists Selected for National Technology Award”

Aviation Pioneer J. Herman Banning Makes Historic Cross-Country Flight On This Day In 1932

 

James Herman Banning

The story of J. Herman Banning, an aviator who made a series of historic firsts, is an inspiring tale worthy of being retold for generations on end.  Born James Herman Banning in Oklahoma in 1899, he would later move his family to the town of Ames, Iowa in 1919. Enrolling into Iowa State, Banning briefly studied electrical engineering but later ended his collegiate career after being called to the skies. Continue reading “Aviation Pioneer J. Herman Banning Makes Historic Cross-Country Flight On This Day In 1932”