Today's Date: March 28, 2024
LambdaTest Launches The Phoenix Project, an Employee Resource Group for Women   •   Colibri Group Announces Partnership with The University of Tulsa for Professional Licensure Program for Students in Real Estate,   •   Terragia Secures $6M to Develop Cost-Competitive, Low-Carbon Biofuel Technology   •   Tax Tip From MEFA: Send Your Tax Refund Directly to Your 529   •   35 National Partners Representing Over 3 Million Women Join Women's Suffrage National Monument Foundation's Growing Coalition   •   First Book and Ashoka Announce 15 Youth Challenge Winners in Time for Change Nationwide Initiative   •   MDA SPACE INCLUDED IN THE GLOBE & MAIL'S ANNUAL WOMEN LEAD HERE RANKING   •   Newman University Receives $1.2M Towards Higher Education Access for Southwest Kansas Initiative   •   Details of “SusHi Tech Tokyo 2024” Showcase Program Announced   •   Reveal Technology, Inc. Receives $3.2M Award With U.S. Marine Corps Warfighting Laboratory (MCWL)   •   Six Degrees Marketing Recognized on the 2024 Inc. 5000 Regionals List   •   The reopening of the Yokohama Museum of Art adds another innovative and distinctive venue for events in Yokohama   •   Dawson-Forté Cashmere Shareholders Sell Majority Equity Stake to Tempus Partners   •   iLearningEngines, Inc. to Add Michael Moe and Sir Ian Davis to its Board of Directors   •   RICE Announces Strategic Leadership Additions, Cementing Its Role as the Nation's Largest Entrepreneurial Hub   •   G&A INSTITUTE ANNOUNCES 2024 PATHFINDER WEBINAR SERIES: Navigating the New Regulatory Environment for Corporate Sustainabili   •   Join Us as We Stand Together and March Against Hate in Dallas, Texas   •   Ziebart Salutes Franchisees, Veterans & Community in Celebration of 65-Year Legacy and Reveals Future Initiatives   •   Sila Moses Lake Manager Rosendo Alvarado to Speak at Big Bend Community College Building the Future Energy Workforce Event   •   $122.5 Million Healthcare Transformation Grant Launches Center for Better Aging
Bookmark and Share

Partnership Renewed To Expand Outreach To Minority Entrepreneurs

 


 

WASHINGTON---The U.S. Small Business Administration announced today that it renewed its two-year partnership agreement with the Minority Business RoundTable (MBRT) to continue joint outreach efforts to minority entrepreneurs.

“Far too often, minority-owned small businesses and entrepreneurs encounter hurdles to getting capital, contracts and other assistance to help them succeed in the marketplace. Making sure we do all we can to remove these hurdles is a top priority for SBA and the Obama Administration.”

“During these difficult economic times, it is imperative that we provide small and minority businesses with the necessary tools to drive economic growth and create jobs in their communities,” said SBA Administrator Karen Mills. “Far too often, minority-owned small businesses and entrepreneurs encounter hurdles to getting capital, contracts and other assistance to help them succeed in the marketplace. Making sure we do all we can to remove these hurdles is a top priority for SBA and the Obama Administration.”

The strategic alliance is part of SBA’s ongoing effort to support small business development initiatives in underserved communities. The agreement allows the organizations to share resources and educate minority entrepreneurs on how to use SBA products and services to establish and grow their businesses.

SBA has supported substantial financing to minority-owned small businesses under the American Recovery and Reinvestment Act. Since the Act was signed into law on Feb. 17, 2009, minority-owned small businesses have received more than $4 billion in SBA-backed loans, about 23 percent of the more than $18.5 billion in small business lending SBA has supported under the Recovery Act. Minority-owned businesses continue to account for about 29 percent of the agency’s overall lending and 37 percent of its microloans.

Minority-owned small businesses also have received more than $3 billion worth of federal contracts under the Recovery Act.

MBRT is a national membership organization for minority CEOs that serves as a unified voice for minority businesses. Through this partnership, the SBA and MBRT intend to help more of these businesses succeed and stimulate economic growth in their communities and the nation’s economy.

The SBA and MBRT alliance is intended to strengthen and expand small business development across the nation for minority entrepreneurs. SBA will provide MBRT with timely information on the agency’s programs, services and resource partners, participate in roundtable discussions and conferences and advise them on events that will impact their mission.

As part of the resource pooling, MBRT will cooperate with SBA and its resource partners to provide information to members about its business development programs and services, and share current SBA news and information.

The two-year agreement is a renewal of the partnership between the SBA and MBRT and was implemented on January 11, 2010.

 

Contacts

U.S. Small Business Administration
Tiffani Clements, 202-401-0035
Internet Address: www.sba.gov/news/



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News