The 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.
- 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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