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Minority Business Development Agency Seeking Nominations for 2022 National Minority Enterprise Development Week Awards

News and Announcements
WASHINGTON, June 8, 2022 – The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is seeking nominations for the 2022 National Minority Enterprise Development (MED) Week Awards. These prestigious honors will be presented during MBDA’s National Minority Enterprise Development Week and celebrate the outstanding achievements of minority entrepreneurs, as well as individuals and...

MBDA Announces Grant Competition to Fund Innovative Access Capital Project for Minority-Owned Businesses

News and Announcements
WASHINGTON (May 5, 2022) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) made a Broad Agency Announcement (BAA) to fund an innovative project addressing historical barriers to access capital faced by minority business enterprises (MBEs). MBDA plans to award one grant totaling $884,559 under this BAA. “Here at the Department of Commerce, we have an obligation to...

Minority Business Development Agency Announces $1.8 Million Grant Opportunity to Develop Entrepreneurship Programs at Minority Serving Institutions

News and Announcements
MBDA accepting applications from qualified organizations to develop entrepreneurial programs for students and grow the number of MBEs WASHINGTON (April 28, 2022) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) made a Broad Agency Announcement (BAA), totaling an estimated $1.8 million in federal grants, for qualified organizations to develop entrepreneurship programs...

Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative

News and Announcements
The $300 million includes a $100 million transfer to the U.S. Department of Commerce’s Minority Business Development Agency to provide technical assistance to underserved entrepreneurs seeking greater access to capital, including venture capital financing. WASHINGTON — Today, the U.S. Department of Treasury (Treasury) announced plans to deploy $300 million of State Small Business Credit Initiative...

Minority Business Development Agency to Award $2.1 Million to Expand Business Center Program

News and Announcements
Federal funding will expand MBDA Business Centers to new locations in Arkansas, Indiana, Oregon, South Carolina, Utah, and Wisconsin WASHINGTON (April 18, 2022) — The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is awarding $2.1 million in federal funding to six grant recipients as part of its MBDA Business Center Program. The program is designed to help minority-owned...

Minority Business Development Agency Awards $3.9M to Serve Indigenous Community

News and Announcements
State and local Tribal organizations to provide training programs, access to capital, and business development to Native entrepreneurs WASHINGTON (November 23, 2021) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) awarded $3.9 million in federal funding to thirteen (13) grant recipients to establish MBDA American Indian, Alaska Native, and Native Hawaiian (AIANNH)...

Minority Business Development Agency Releases Report on Businesses and Workers in Indian Country

News and Announcements
Key findings reveal importance of digital infrastructure, access to markets and a skilled workforce, and the role of Tribal self-governance in business development [Washington, DC | November 23, 2021] - Today, the U.S. Department of Commerce Minority Business Development Agency (MBDA) released a report entitled, “Keys to Unlocking Business Development in Indian Country.” The report is the result...

MBDA’s 2021 “Buy MBE Day” Set for Saturday, September 25

News and Announcements
Initiative generates awareness and economic support for nation’s minority-owned businesses [Washington, DC | September 15, 2021] – The U.S. Department of Commerce, Minority Business Development Agency (MBDA) announces the 2021 return of “Buy MBE Day”—the Agency’s initiative to directly support minority business enterprises (MBEs)—on Saturday, September 25. Successfully launched in 2020, MBDA’s Buy...

U.S. Department of Commerce Announces Appointment of Minority Business Development Agency National Deputy Director

News and Announcements
Puerto Rico Native Miguel Estién to Serve as Acting National Director and National Deputy Director, and will host this year’s National Minority Enterprise Development Week WASHINGTON (September 8, 2021) — The U.S. Department of Commerce has announced Miguel Estién to serve as MBDA’s Acting National Director and National Deputy Director. Estién is a Puerto Rico native with a 20-year career in...

The Opportunity Project: Census Bureau’s Innovation Model Continues to Expand Through Post-COVID-19 Challenges

News and Announcements
Each year, the U.S. Census Bureau brings together cross-sector collaborators during The Opportunity Project’s (TOP) technology development sprints to come up with ways to use data and technology to solve some of the world’s biggest challenges. TOP is led by the Census Bureau’s Census Open Innovation Labs. It engages government, technologists and communities to create digital products using federal...

An Open Letter from Edith J. McCloud, Acting National Director, Minority Business Development Agency

News and Announcements
Dear Friends, As we embark upon our celebration of Asian Pacific & Pacific Islander Heritage Month, the Minority Business Development Agency will chronicle the contributions Asian Americans and Native Hawaiian Pacific Islanders have made to a very broad cross-section of businesses and industries and share the success stories of several remarkable individuals along the way. Unfortunately, I am...

A Proclamation on Asian American and Native Hawaiian / Pacific Islander Heritage Month, 2021

News and Announcements
This May, during Asian American and Native Hawaiian/Pacific Islander Heritage Month, we recognize the history and achievements of Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs) across our Nation. In the midst of a difficult year of pain and fear, we reflect on the tradition of leadership, resilience, and courage shown by AANHPI communities, and recommit to the struggle for...

From The White House: New Small Business And Non-Profit Tax Credit For Vaccination Support

News and Announcements
Keep employees safe by offering paid leave Thanks to the American Rescue Plan, immediate tax credits are available through most of 2021 to businesses that offer their employees paid sick and family leave. You could see these credits in your bottom line as soon as your next quarterly filing. These credits make it easy to keep your employees safe and healthy. And, they are good for more than just...

Minority Business Development Agency Awards $5.1 million in Grants

News and Announcements
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) awarded $5.1 million in grants to 11 organizations under three Agency initiatives—the Entrepreneurship Education for Formerly Incarcerated Persons, the MBDA Enterprising Women of Color Business Center, and the Inner-City Innovation Hub programs. “U.S. Department of Commerce is pleased to support these three important...