Council President Herb Wesson honors recipients of 18th Annual Minority Business Awards at City Hall
Celebrating success in the local economy was the order of the day at City Hall when Council President Herb Wesson recently honored the accomplishments of successful minority business entrepreneurs who have been recognized by Los Angeles Office of the Minority Business Development Agency (MBDA).
According to the MBDA, minority firms have contributed approximately $1 trillion in economic impact to the American economy, creating 5.8 million jobs outpacing the growth of non-minority firms, and now lead the nation in exporting.
“It is very important that we celebrate the achievement and success of our local minority entrepreneurs,” said Wesson. “As our economy emerges out of the recession, these leaders and their growing businesses represent the life-blood of our new Los Angeles economy.”
The 18th Annual Awards Reception was hosted by the Mayor’s Office of Economic & Business Policy, in collaboration with the federal Small Business Administration’s Los Angeles District Office where the awardees were recognized.
The MBDA Business Center-LA was established by the Mayor’s Office to accelerate job creation by assisting minority businesses in securing $100 million annually in contracts and financing. According to Linda Smith Gatlin, Managing Director of Public and Private Partnerships in the Mayor’s Office, the business center also provides strategic business advisory services through a network of public and private partnerships.