Minority business agency boasts strong performance

Friday - 3/16/2012, 12:28pm EDT

David Hinson, national director, Minority Business Development Agency

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President Barack Obama wants to merge the Commerce Department with five others to streamline services. One component of the agency is already ahead of the curve.

"For the third consecutive year in a row, we've had record performance assisting minority owned and operated businesses, and gaining access to nearly $4 billion of contracts and capital, creating nearly 6,000 new jobs," said David Hinson, national director of the Minority Business Development Agency.

Hinson said that was the best performance the agency has had in its 40 years of existence.

He spoke to The Federal Drive with Tom Temin about how MSDA has restructured its nationwide organization and how that has benefited the agency and its clients.