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The Minority Business Development Act of 2021

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Minority Business Development Act of 2021
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Minority Business Development Act of 2021
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The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is pleased to announce the passage of the Minority Business Development Act of 2021, making MBDA permanent. This historic legislation was included in the Bipartisan Infrastructure Investment and Jobs Act.

All Minority Owned Firms

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  • Codification
    The Minority Business Development Agency is made permanent and elevated in stature
  • Under Secretary
    Assigns presidentially appointed and Senate-confirmed leadership
  • Geographic Reach
    Authorizes the creation of regional offices and rural business centers
  • New Initiatives
    Mandates grants to minority serving institutions to cultivate future generations of minority entrepreneurs
  • MBE Advisory Council
    Establishes a Council to advise the Under Secretary on supporting MBEs

 

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