Virginia Asian Chamber of Commerce –The official public voice of 47.5 K Asian Pacific American business establishments in Virginia and membership in Maryland-Southern States thanks the federal U.S Minority Business Development Agency for its dedicated service to promote the competitiveness of minority businesses. Sign up for its newsletter: http://www.mbda.gov/pressroom/newsletter/subscriptions

 

How MBDA Helps SME (Small and Medium Size Businesses)

It Brings Global Businesses to the Community – Minority businesses are twice as likely to generate sales through exports compared to non-minority firms- MBDA promotes business-to-business partnerships between U.S. minority firms and firms in Asia, Africa, the Caribbean, Latin America and Europe

It Reduces Unemployment – In 2014 MBDA facilitated a total of over 16,300 new jobs — an increase of 20% over the prior 3-year period. It Creates Competitive Businesses – MBDA is focused on increasing annual revenues for minority businesses from an average of less than $200,000 to more than $1 million; MBDA is building the foundation that helps to close the gap between minority-owned firms and non-minority owned firms through the creation of $100 million dollar minority-owned firms.

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