Combined 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
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
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.
Jobs
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.
How can MBDA help my Business?
How can MBDA help my Business?
