Part 3: Federal Sources of Capital & Opportunity for Entrepreneurs – Small Business DevelopmentSeptember 28, 2012
On July 18 and 19, 2012, I joined colleagues and leaders at the Minority Media and Telecommunications Council (MMTC) at the 10th Annual Access to Capital and Telecom Policy Conference in Washington, DC, where I delivered the Access to Capital Keynote Address, encouraging telecom leaders to reach for transformative change by embracing the cause of minority entrepreneurship in wireless and telecommunications.
Recently, the Broadband and Social Justice released part 3 of a three-part series describing one of the conferences most enlightening panels that explored sources of funding entrepreneurs might consider.
Below is an excerpt from Part 3 of the series.
Federal Sources of Capital and Opportunity for Entrepreneurs: Small Business Development
During MMTC’s recent Access to Capital conference, the Department of Commerce’s Minority Business Development Program Director David Hinson addressed export enhancement through small business development. Hinson began his presentation by stating, “The MBDA is about creating jobs.”
According to Hinson, the MBDA’s record with minority firms amounts to over $12 billion in contracts and capital the agency has helped them obtain. “Last year, we helped our clients access $1.5 billion in contracts and $1.8 billion in capital, leading to these firms creating nearly 5,000 new jobs,” said Hinson.
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