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News and Announcements

  • Submitted on 02 August 2016

    The Minority Business Development Agency (MBDA) is honored to celebrate Minority Enterprise Development (MED) Week in partnership with the National Minority Supplier Development Council, Inc. at the 2016 NMSDC Conference and Business Opportunity Exchange.

    The 2016 National MED Week celebration, recognized at the NMSDC Conference, will feature several Powered by MBDA workshops and seminars that focus on federal programs and recognize the 34th Annual National MED Week Award Winners.

  • Submitted on 26 July 2016

    Partnership Positions MBDA Business Centers to Offer Streamlined Lending Process

    Provides Minority Business Enterprises with Enhanced Financing Options

    MBDA and Fundation MOU signing

    WASHINGTON DC and NEW YORK – July 21, 2016 – The U.S. Department of Commerce Minority Business Development Agency (“MBDA”) and Fundation Group LLC announced today a memorandum of understanding (MOU) designed to provide U.S. minority business enterprises (MBEs) with cutting edge, digitally enabled financing solutions and expanded access to capital.

    MBDA, a bureau of the U.S. Department of Commerce, currently operates a national network of 38 business centers equipped with specialists who help the nation’s minority-owned businesses grow. Center specialists assist clients with access to capital, contracts, and new markets opportunities to create new jobs.

  • Submitted on 29 June 2016

    The number of U.S. businesses grew 2 percent between 2007 and 2012 as the country weathered the financial crisis and entered the first three years of economic recovery. Yet, while overall business growth over this period was muted, growth in the number of minority-owned firms boomed. According to data from the Census Bureau's Survey of Business Owners, the number of minority-owned firms jumped by 38 percent to 8 million.

  • Submitted on 09 June 2016

    U.S. Secretary of Commerce Penny Pritzker released the second set of Top Markets Reports that provides the latest assessment of export opportunities for U.S. companies in 19 sectors. As part of the International Trade Administration’s (ITA) Top Markets Series launched in 2015, the report ranks future export markets within a particular industry, delivering in-depth commentary on key opportunities, trends, and challenges facing U.S. companies looking to expand their businesses and export globally.

  • Submitted on 03 June 2016

    WASHINGTON (June 3, 2016) — The U.S. Department of Commerce Minority Business Development Agency (MBDA) has announced a Federal Funding Opportunity for candidates interested in operating an MBDA Federal Procurement Center Project.

    The project, a key component of the Agency’s overall portfolio of minority business development services, is designed to help minority business enterprises (MBEs) identify and secure federal contracting opportunities by providing technical assistance and business development services, which will also assist MBEs in creating and retaining jobs.

  • Submitted on 03 June 2016

    MBDA and ACE Team at MOU Signing

    The U.S. Department of Commerce Minority Business Development Agency (MBDA) and the National Asian and Pacific Islander American Chamber of Commerce and Entrepreneurship (ACE) signed a memorandum of understanding (MOU) recently at MBDA headquarters.  

    The agreement is designed to help both MBDA and ACE increase awareness within the Asian American and Pacific Islander (AAPI) community of business opportunities in trade, exporting, and contracting through trainings, roundtables, and webinars.

  • Submitted on 31 May 2016

    Bruce H. Andrews

    In recognition of Asian American and Pacific Islander Heritage Month, U.S. Deputy Secretary of Commerce Bruce Andrews delivered welcoming remarks at the first-ever National Asian American Pacific Islander (AAPI) Business Summit, hosted by the Department’s Minority Business Development Agency (MBDA) and the White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI). With attendees ranging from small business owners to corporate leaders from across the nation, the Summit provides opportunities to learn about government services available to support the growth of all minority-owned businesses.

  • Submitted on 25 May 2016

    By Venkat Kuppuswammy and Kathy Roth, Tampa, Florida 33950
    36 pages. Under contract number SBAHQ-15-M-0114

    Research on crowdfunding has traditionally focused on startups during a crowdfunding campaign, leaving fairly little information on what happens to them afterward. This dearth of information is important as policymakers aim to understand the effectiveness of this alternative financing mechanism and entrepreneurs want to know how it can best help small businesses. This report uses data on entrepreneurs who launched crowdfunding campaigns to fund their startups to determine how crowdfunding affects startups after their campaigns are completed. In particular, this report examines the relationship between crowdfunding and the ability to raise external capital to sustain a business as it develops.

  • Submitted on 24 May 2016

    The U.S. Department of Commerce Minority Business Development Agency (MBDA) has announced a competitive solicitation for candidates interested in operating four new MBDA advanced manufacturing projects. MBDA will award four cooperative agreements totaling $5 million during a five-year period, and the projects can be operated in any of the 50 states, the District of Columbia, or Puerto Rico.

  • Submitted on 16 May 2016

    WASHINGTON (May 16, 2016) —The U.S. Department of Commerce Minority Business Development Agency (MBDA) today announced the South Bronx Overall Economic Development  Corporation (SoBRO) as a grant recipient to operate a MBDA Business Center in the New York Tri-State area. The federal funding ($321,800) will be distributed during a five-year period with a start date of April 1, 2016.

    The grant program is designed to help minority-owned firms across the nation create jobs, develop their business, and compete in the global economy.

    A key component of MBDA’s Business Center Network is providing minority firms with access to technical expertise and resources to grow their businesses.    

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