Minority Business Development Agency Annual Performance Report, Fiscal Year 2010

摘要

This is MBDA's Annual Performance Report for Fiscal Year 2010. In FY 2010, MBDA experienced the most productive year in the history of the Agency. MBDA created 6,397 new jobs across the nation and saved tens of thousands of existing jobs by helping minority-owned and operated businesses obtain 964 contracts, totaling $1.688 billion, and 522 financial awards, totaling $2.264 billion. This represents a 51% increase in new jobs created and a 34% increase in contracts and capital to minority-owned firms over 2009 levels. MBDA also increased Return on Investment (ROI) to 125x, up from 102x in 2009 and from 70x at the end of the prior administration. This speaks to the increased operating efficiency of the Agency during this Administration. During the first two years of the Obama Administration, MBDA created nearly 11,000 new jobs and helped save tens of thousands of existing jobs by assisting minority-owned and operated firms in obtaining nearly $7 billion in contracts and capital. This represents an annual performance increase of 11% in new jobs created and an 86% increase in contracts and capital obtained over the prior administration, all during the worst economic downturn since the Great Depression.