Minneapolis MBDA Business Center
About This Center
The Minnesota MBDA Business Center is a part of a nationwide network of thirty-nine centers. The Center is operated by MEDA, a premier organization that has been dedicated to the development of Minority Business Enterprises (MBEs) for more than 40 years. The MBDA is the only federal agency created specifically to foster the growth of minority owned businesses in America.
The mission of the center is to strengthen the US economy by helping ethnic minority businesses create or retain jobs, and build economically vibrant socially responsible entrepreneurs, businesses, and communities. The center’s focus is well aligned and consistent with MEDA’s mission of “helping entrepreneurs of color succeed.”
The MBC seeks to form strategic business alliances between MBE’s, majority corporations and local, state and federal government agencies. Services offered to MBC clients include:
Develop a work plan according to the MBEs capabilities and needs
Provide tailored business consulting to assist MBEs grow and prosper
Identify procurement opportunities based on client competencies
Promote MBC clients to both the public and private sectors
Broker financial transactions between clients and financing sources
Assist qualified MBEs with acquisitions or venture capital deals
Identify referral sources for MBEs not qualified for MBC assistance
While MEDA serves all MBEs, the Minnesota MBDA Business Center specifically targets three unique market areas: companies with annual revenues of $1,000,000 or more, companies with high individual growth potential, or promising companies in high-growth industries. If you believe you meet these qualifications, complete the client services form.
Core Business Services
Global Business Development
Services include identification of export markets, facilitation of global transactions, international trade missions and market analysis, and overseas market promotion assistance.
Access to Capital
Services include identification of domestic and global financing opportunities, equity financing, brokerage of financial transactions, identification and closure of merger and acquisition transactions.
Access to Contracts
Services include identification of procurement opportunities, solicitation analysis, bid and proposal preparation, negotiation and closing, research contract award histories.
Access to Markets
Services include government procurement assistance, private sector contract identification and specialized certification assistance including 8(a), and assistance with market research.
Strategic Business Consulting
Services include sales consulting and forecasting, market feasibility studies, operations management and quality control, bid preparation and bonding (construction), and manufacturing facility leasing.