Minority Business Development Agency Los Angeles
The Los Angeles MBDA (Minority Business Development Agency) Business Center, operated by USC in partnership with the City of Los Angeles, supports local minority-owned businesses by connecting them to community and institutional resources. Since its inception in 1996, the goal of the Business Center has been to assist businesses owned by minorities, women, and veterans by providing consulting services, access to market opportunities, financing, and advanced business training.
The Bridges to Business program is a public-private collaboration supported by USC’s Minority Business Development Agency (MBDA), the Los Angeles Mayor’s Office of Economic and Business Policy, the Los Angeles Housing Department, the Southern California Minority Business Development Institute and the Small Business Administration’s Service Corps of Retired Executives, as well as the Latino Business Chamber of Greater Los Angeles, the Black Business Association and the Asian Business Association.
Participants learned to expedite the many details of the procurement process by navigating legal and regulation issues in an efficient manner. They also received business presentation analysis and project management training.
March 7, 2014
One hundred Los Angeles small business owners have been honored for completing the USC Bridges to Business Success program.
Bridges to Business Success — a public-private collaboration between USC, Citi Community Development, the Los Angeles Mayor’s office and other partners — certifies and trains minority business enterprises on contract bidding and business expansion to help them compete for government and private-sector contracting opportunities.
In just two years, program participants have obtained 209 construction contracts totaling $11.2 million; created more than 400 new jobs; secured more than $600,000 in capital financing; and rehabilitated 25 homes for purchase by first-time buyers of low-to-moderate income.
“As the largest private employer in Los Angeles, job creation is a high priority for USC,” said Thomas Sayles, senior vice president of University Relations. “The Bridges to Business Success program is quickly becoming a model that strengthens workforce development by securing job creation, retention and economic vitality in our communities.” Read more here.