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Legislative Corner


  • Submitted on 24 February 2011

    Winning the FutureThe President’s Fiscal Year 2012 budget proposal requests $32.3 million, a increase of $822,000, for MBDA to expand its services and assistance to our nation’s 5.8 million minority businesses.  Currently, MBDA funds 46 minority business centers located in 26 states, the District of Columbia and Puerto Rico.  These Centers receive partial funding to provide services to minority-owned firms through a grant program administered by MBDA.  The modest increase requested in the FY 2012 budget proposal would allow MBDA to fund two additional minority business centers and push the Administration’s travel and tourism initiative in concert with Native American tribes. Read MBDA Press Release and President's Fiscal Year 2012 Budget Request.

    Over the last decade, the number of minority-owned businesses has grown significantly faster than non-minority owned businesses and they are more likely to create jobs during an economic downturn and generate sales from exports.  Minority-owned firms present a unique competitive advantage with the potential to have a tremendous impact to our national economy.  To win the future for America and our communities, we must unleash the ambition and innovation of our entrepreneurs.  MBDA supports the businesses who are leading us out of the recession and the Administration recognizes the results of its programs as one of the best ways to reduce our deficits and debt.

  • Submitted on 31 January 2011

    With the election of 104 new Representatives and Senators, the 112th Congress will be marked with changes in both the House of Representatives and Senate following the November elections.

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

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