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President Obama’s FY 2017 Budget Supports Innovation and Research within the Minority Business Community
February 26, 2016
MBDA to receive increase in funding for programs and services
WASHINGTON (February 26, 2016) — Today the U.S. Department of Commerce, Minority Business Development Agency (MBDA), outlined President Obama’s fiscal year 2017 budget proposal in support of the growing number of minority-owned businesses in the United States. The budget would enable MBDA to continue offering valuable programs and services to minority businesses and support a coordinated approach to engage, educate, and build capacity among minority entrepreneurs.
“These additional resources would help us serve an even greater number of minority businesses across the nation,” said Alejandra Y. Castillo, MBDA National Director. “We also would be able to reach and empower the next generation of minority business leaders through a new program targeted at young entrepreneurs.”
MBDA increasing push on policy development
Agency welcomes new talent to senior leadership team
The Department of Commerce, Minority Business Development Agency’s mission is to promote the growth of minority owned businesses through the advancement of public and private sector programs, policy, and research. In the upcoming year, the Agency will continue to build on its programs and services with an expanded focus on policy.