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Press Room June 2012
Minority Business Development Agency Obtains Record-Breaking $4 Billion in Contracts and Capital for Minority-Owned Firms
FOR IMMEDIATE RELEASE
June 25, 2012
Contact: MBDA Public Affairs
Fiscal Year 2011 Annual Performance Report Released
Washington, DC (June 25, 2012) – The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) experienced record-breaking performance in Fiscal Year (FY) 2011 as detailed in its FY 2011 Annual Performance Report, released today. Despite the serious headwinds the economy is facing, more than 5,780 new jobs were created by minority-owned firms working with MBDA and its network of MBDA Business Centers in FY 2011. Overall, MBDA has helped minority-owned firms create more than 16,300 new jobs for Americans between FY 2009-FY 2011.
The number of new jobs created by minority-owned firms who received services from MBDA between FY 2009-FY 2011 represents an increase of 20 percent over the prior three-year period. And, during the worst economic downturn since the Great Depression, MBDA aided in securing nearly $11 billion in contracts and capital for minority-owned firms, including $4 billion in FY11 alone.