HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Who is MBDA?

Who is MBDA?


  • Submitted on 06 December 2013

    WHO WE ARE

    MBDA is an agency of the U.S. Department of Commerce that helps to create and sustain U.S. jobs by promoting the growth and global competitiveness of businesses owned and operated by minority entrepreneurs.

    Learn more about our Management Team

    45 Years

    42%

    WORKING ON BEHALF
    OF MINORITY-OWNED BUSINESSES

    INCREASE IN THE NUMBER OF
    CLIENTS BETWEEN FY2009–12

     

    WHAT WE DO

    We work throughout the Nation to link minority-owned businesses with the capital, contracts, and markets they need to grow. We advocate and promote minority-owned business with elected officials, policy makers, and business leaders. Serving as subject matter experts and advocates for the minority business community, we conduct high quality research and cultivate domestic and international relationships.

    Learn more about our Programs

    Through a national network of more than 40 MBDA Business Centers and a wide range of domestic and international strategic partners, we provide Agency clients with technical assistance and access to capital, contract, and new markets opportunities to create new jobs. MBDA and its national network of business centers have supported the creation and retention of more than 33,000 jobs and helped secure $14.6 billion in contracts and capital for its clients, over the past four years (fiscal year 2009-12).

    Learn more about our Business Centers

    US Map

    Grow your business. Build the Nation.

    Our programs and services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues, and expand regionally, nationally, and internationally.

    MBDA provides increased visibility and access for minority-owned firms by partnering with multi-national corporations, and government agencies in the U.S. and abroad.

    Through our network of MBDA Business Centers we provide customized business development solutions designed to Grow your business. Build the Nation

    Learn more about our Business Center Services

     

    WHO WE SERVE

    Our clients are businesses owned by African Americans, Asian Americans, Hasidic Jews, Hispanic Americans, Native Americans, and Pacific Islanders.

    These companies are fast-growing, innovative, and represented in every industry sector in the United States.

    Minority-owned firms contribute over $1 trillion in annual economic output to the U.S. economy and directly account for nearly 6 million U.S. jobs.

      MBEs

    6 Million

     

    $1 Trillion

    JOBS CREATED BY
    MINORITY-OWNED FIRMS

    COMBINED ECONOMIC
    OUTPUT OF MINORITY-OWNED FIRMS

     

     

    World Map


    Global Capabilities

    The value of minority-owned businesses as a key component in international trade has never been greater. They have favorable export attributes and represent the future of export growth.

    Minority-owned  businesses have a competitive advantage in exporting. According to the U.S. Census Bureau and other statistical data, they are twice as likely to export as non-minority companies, three times as likely to have international operations, six times as likely to transact business in a language other than English, and are export leaders in 14 key industry sectors.

    Learn more about Global Business

     

    WHY WE DO IT - OUR SINGULAR FOCUS

    We're passionate about our work to strengthen our global competitiveness and improve the standard of living for all Americans. We strive to ensure that minority-owned firms are fully participating in the free enterprise system to fuel our Nation with new and innovative solutions.

    Learn more about our 45-year History

    PERFORMANCE

    We are committed to supporting the President's goal of making this the most transparent administration in history. We release an annual performance report detailing Agency performance, yearly budget request and long term strategic plans.

    Learn more about our Performance

    *All figures as of September 30, 2012

    About the U.S. Department of Commerce

    The U.S. Department of Commerce promotes job creation, economic growth, sustainable development and improved standards of living for all Americans by working in partnership with businesses, universities, communities and our nation’s workers. The department touches the daily lives of the American people in many ways, with a wide range of responsibilities in the areas of trade, economic development, technology, entrepreneurship and business development, environmental stewardship, and statistical research and analysis.

    Notable MBDA Policies

  • Submitted on 08 November 2010

    Download MinorityBiz Fast FactsOur Mission is to Keep America Competitive

    MBDA fosters the growth and global competitiveness of U.S. businesses that are minority-owned. MBDA is building minority-owned firms of size, scale and capacity. More than 6,000 new jobs were created and thousands more were retained by minority firms in 2010 as a result of MBDA’s programs and services.

    Serving Minority Businesses Since 1969

    MBDA is the only federal agency dedicated to creating minority firms of size, scale and capacity. In 2010, MBDA helped minority firms access nearly $4.0 billion in contracts and capital.

    Creating a New Generation of Multi-Million Dollar Firms

    MBDA serves minority entrepreneurs across America who are building and growing their enterprises and those in the high growth or new frontier industries. In doing so, minority-owned firms are better equipped to create jobs, impact local economies by contributing to the tax base, and compete successfully in domestic and global marketplaces.

  • Submitted on 08 November 2010

    Reduce Unemployment

    • More than 3,000 jobs were created by MBDA in FY 2009

    • The average investment per job created is $3,968

    • These jobs have an average salary of $30,000 per year

    Create Competitive Businesses

    • Each MBDA center secures an average of $49 M worth of contracts for minority firms; and our high performing centers secure more than $100 M worth of contracts

    • MBDA is focused on increasing annual revenues for minority businesses from an average of less than $200,000 to more than $1 million

  • Submitted on 20 July 2010

    Stimulating minority entrepreneurship and business ownership is in the strategic interest of the United States, particularly during economically challenging times. Evidence abounds that investments in minority business entrepreneurs can produce measurable results.

    We are committed to ensuring that the U.S. minority business enterprise community will be the source of our economic recovery efforts and a competitive advantage in the 21st century worldwide economy. Our network of leaders, are committed to helping others exceed their own expectations.

    Request a Speaker for your Event

  • Submitted on 19 July 2010

    The Minority Business Development Agency (MBDA) is part of the U.S. Department of Commerce. MBDA is the only federal agency created specifically to foster the establishment and growth of minority-owned businesses in America.

    MBDA is an entrepreneurially focused organization committed to wealth creation in minority communities. To foster the growth and global competitiveness of U.S. businesses that are minority-owned.

Did you know...

Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
Graph for New Jobs Created

Upcoming Events

[Within 90 days]
09/10/2014 (All day)
09/15/2014 (All day) - 09/19/2014 (All day)
09/21/2014 (All day) - 09/23/2014 (All day)
09/23/2014 (All day) - 09/24/2014 (All day)
10/01/2014 (All day) - 10/04/2014 (All day)

What MBDA Does