Access to Capital & Contracts

Tools and Resources
Post a comment

Dollar Value of Contracts and CapitalCombined Contracts and Capital

During the 3-year period of the Obama Administration, MBDA assisted minority-owned firms in obtaining nearly $11 billion in contracts and capital. This represents a 101 percent increase in contracts and capital over the prior 3-year period and the highest 3-year performance in the history of the Agency.

Contracts

3 Year Growth Rate 76%

During the 3-year period of the Obama Administration, MBDA facilitated nearly $6 billion in public and private-sector contracts for minority-owned firms. This represents a 76 percent increase over the prior 3-year period.

Capital

3 Year Growth Rate 144%

During the 3-year period of the Obama Administration, a period of constrained access to capital, MBDA facilitated $5 billion in capital for minority-owned firms across the nation. This represents a 144 percent increase in capital over the prior 3-year period.

 

Clients

During the 3-year period of the Obama Administration, MBDA directly served more than 17,400 minority-owned businesses and indirectly served thousands more. This represents a 36 percent increase in clients served over the prior 3-year period.

MBDA Client Assistance by Firm Size

MBDA continues to serve a high percentage of clients generating over $500,000 in annual revenues, the top five percent of all minority-owned businesses. Agency-wide, 87 percent of contracts and 93 percent of financial awards went to firms generating over $500,000 in revenues.

Details on Contracts and Capital Transactions

Jobs

3 Year Jobs Created Growth Rate: 20%

At the onset of the Obama Administration, the United States economy was losing 750,000 jobs per month and had endured eight straight months of declining employment. During the first three years of the Administration and second worst economic downturn in our Nation’s history, MBDA helped create more than 16,300 new jobs—an increase of 20 percent over the prior 3-year period.

 

Related content

Tools and Resources
Post a comment

Type of Tool or Resource: 

Brings Global Businesses to the Community Minority businesses are twice as likely to generate sales through exports compared to non-minority firms MBDA promotes business-to-...
Tools and Resources
Post a comment

Type of Tool or Resource: 

38% Percent Growth - But Economic Parity Remains Between 2007 and 2012, the number of minority-owned firms grew by 38 percent, compared to a 6 percent decrease for non-...
Last updated: 04/19/2017 - 4:11pm