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MEMORANDUM OF UNDERSTANDING between the National Institute of Standards and Technology (NIST) and the Minority Business Development Agency (MBDA)
For Immediate Release: September 26, 2002
The National Institute of Standards and Technology (NIST) and the Minority Business Development Agency (MBDA) agree to enter into this Memorandum of Understanding (MOU) on the 24th day of September 2002. This partnership will support and foster collaborative efforts between MBDA and NIST designed to increase the competitiveness and viability of Minority Business Enterprises (MBEs).
The purpose of this partnership is to:
National Institute of Standards and Technology: The National Institute of Standards and Technology is a non-regulatory federal agency within the U.S. Department of Commerce's Technology Administration. Founded in 1901, NIST's mission is to develop and promote measurements, standards, and technology to enhance productivity, facilitate trade, and improve the quality of life. NIST employs about 3,000 scientists, engineers, business specialists, economists and administrative personnel.
NIST carries out its mission in four major programs: The Advanced Technology Program (ATP) which provides early stage investment to accelerate the development of innovative technologies by the private sector; the Manufacturing Extension Partnership (MEP) consists of federally funded extension centers to help small manufacturers improve their capabilities and performance; the Baldrige National Quality Program (BNQP), associated with the Malcolm Baldrige National Quality Award, which recognizes business performance excellence and quality achievement by U.S. businesses, healthcare and educational organizations, and health care providers; and the NIST Laboratories that provide technical leadership for vital components of the nation's technology infrastructure needed by U.S. industry to continually improve its products and services. (Appendix A)
Minority Business Development Agency: The Minority Business Development Agency (MBDA) is the only Federal agency created to foster the establishment and growth of minority owned businesses in America. MBDA is committed to increasing the competitive participation of minority entrepreneurs in commerce nationally and internationally. MBDA has provided management and technical assistance and information to, and advocacy for, minority-owned businesses for over 30 years. MBDA has the lead role in the Federal Government in coordinating minority business programs.
MBDA assists minority individuals to establish and grow businesses by helping them to obtain capital and access to the marketplace. In addition, MBDA has both local and national level networks of 45 minority business development centers, five regional offices and four district offices nationwide. MBDA funds minority and Native American Business Development Centers, Minority Business Opportunity Committees, and Business Resource Centers. MBDA has established relationships with national and local minority and mainstream business organizations, with corporations and financial institutions, and with federal government officials, including procurement officials.
IV. MBDA/NIST Objectives
The following paragraphs set forth the specific objectives of this MOU which are to help build awareness between NIST and MBDA and provide increased outreach assistance, as needed, to Minority Business Enterprises that can be served through NIST and MBDA:
Manufacturing Extension Program
Advanced Technology Program
Office of International and Academic Affairs
Additional NIST Opportunities.
MOU Term: The MOU will remain in effect for one year, will be reviewed annually, and may be renewed by mutual agreement. The MOU may be terminated by either party upon ten days written notice.
Non-Exclusivity: The parties agree that this MOU is non-exclusive and nothing contained herein prevents either party from entering into similar agreements with any third party. If any terms of this MOU are inconsistent with existing authorities or directives of either of the Agencies entering into this MOU, those portions of this MOU that are determined to be inconsistent shall be invalid; the remaining terms and conditions shall remain in full force and effect.
Relationship of Parties: Nothing herein shall be construed to create any joint venture or similar relationship or to subject the parties to any implied duties or obligations respecting the conduct of their affairs that are not expressly stated herein. Neither party shall have any right or authority to assume or create any obligation or responsibility, either expressed or implied, on behalf of or in the name of the other party, or to bind the other party in any matter whatsoever. Neither party shall be deemed to be an agent or principal of the other.
Funding: No funds are transferred under this MOU. Each party is responsible for any costs that it incurs in the performance of this MOU.
VI. ANTICIPATED BENEFITS
For the Minority Business Development Agency:
For the National Institute of Standards and Technology:
For the Nation: