Washington, DC – Congresswoman Sheila Jackson Lee released the following statement recognizing the 45th Anniversary of the Minority Business Development Agency (MBDA):
“For 45 years, the Minority Business Development Agency (MBDA) has led Federal Government efforts to provide focused support to a critical sector of the U.S. economy- our nation’s 5.8 million minority-owned firms. These companies contribute to local economies and provide much needed jobs for Americans of all backgrounds and cultures. They operate in urban centers and rural communities. As we commemorate the 50th Anniversary of the War on Poverty, it is minority-owned firms that are on the front lines.
“I applaud MBDA on its 45th Anniversary. Established by executive order, MBDA has worked tirelessly and diligently to promote the growth and global competitiveness of the minority business community. And the results speak for themselves. Over the last five years in particular, MBDA has assisted firms gain access to over $19 billion in contracts and capital resulting in the creation and retention of nearly 60,000 jobs. Since my election to Congress, I have worked closely with the Agency and its MBDA Business Center in Houston to bring hundreds of those jobs to Texas.
“In the coming years, the growth of America’s workforce will come from minorities and we need strong minority businesses to achieve maximum economic growth. I am certain MBDA will lead the nation to achieving our full potential.”