GOVERNOR PATRICK CELEBRATES OPENING OF MINORITY BUSINESS DEVELOPMENT AGENCY BUSINESS CENTER IN BOSTON
Administration highlights importance of minority businesses in Massachusetts
Governor Patrick attends the grand opening of the Minority Business Development Agency’s Boston Center. (Photo: Eric Haynes/Governor's Office)
BOSTON – Tuesday, November 15, 2011 – Governor Deval Patrick and Secretary of Administration and Finance Jay Gonzalez today attended the grand opening of the Minority Business Development Agency (MBDA) Business Center in Boston to highlight the importance of supporting minority businesses and entrepreneurs in the Commonwealth.
“This effort will leverage federal and private resources to help minority-owned businesses grow and thrive,” said Governor Patrick. “The recovery in Massachusetts has to reach everybody and MBDA helps assure that we do.”
Since 2007, the Patrick-Murray Administration has made supporting minority-owned businesses in the Commonwealth a priority by establishing non-discrimination, equal opportunity and diversity as core principles; establishing the Supplier Diversity Program to expand opportunities for minority and women-owned businesses to participate on state and agency contracts; and establishing the Office of Access and Opportunity to support the Administration’s non-discrimination, equal opportunity and diversity principles.
“The Patrick-Murray Administration has worked to support and expand opportunities for small, women and minority-owned businesses,” said Secretary Gonzalez. “I am pleased that today we are able to celebrate the establishment of the MBDA to build on those efforts and to further increase opportunities for all.”
The MBDA Business Center-Boston, operated by the Greater New England Minority Supplier Development Council (GNEMSDC), has three primary goals: (1) to work with minority business enterprises to identify procurement opportunities with large public and private sector organizations with the goal of increasing minority business enterprise vendor outcomes by over $100 million a year; (2) to assist minority business enterprises in identifying and accessing sources of debt, equity and angel financing to accommodate their growth and success; and (3) to create and retain jobs in women and minority-owned businesses.
“The opening of the MBDA Business Center in Boston is exactly the type of undertaking we should be supporting now, given the major economic challenges our Commonwealth has been facing,” said Senator Sal DiDomenico, Senate chair of the Joint Committee on Community Development and Small Businesses. “The new center will not only help the local minority-owned businesses, but will also create further economic benefits for the entire region.”
“We have worked hard in Massachusetts to make sure businesses owned by people of color and women have access to the capital, contacts and technical know-how needed to survive and thrive, especially in a difficult economy,” said Representative Linda Dorcena Forry, House chair of the Joint Committee on Community Development and Small Businesses. “The opening of the MBDA’s Boston Business Center is yet another strong step to ensuring these important businesses have the proper tools to grow here in the Commonwealth.”
"The opening of the MBDA Business Center is a very exciting development,” said Dr. Fred McKinney, President and Chief Executive Officer of GNEMSDC. “Bringing together the resources of the U.S. Department of Commerce's MBDA, the Commonwealth of Massachusetts and the GNEMSDC in order to create and grow minority businesses through competitive contracting should permanently change the minority business landscape in the region."
MBDA Boston joins a nationwide network of MBDA Business Centers that provide assistance to local minority entrepreneurs by offering strategic business consulting services focusing on large public and private contracts, financing, and access to global markets.