Posted at 7:54 AM
The Commerce Department’s Minority Business Development Agency (MBDA) presented a grant to SoCal Corporate Growth Partners for $1.775 million to operate a new MBDA Business Center in Riverside, California.
MBDA National Director David Hinson was joined by Riverside Mayor Ron Loveridge and Daniel Sieu, CEO & President of SoCal Corporate Growth Partners to celebrate the opening of the new Riverside MBDA Business Center, which will be operated over five years.
This Business Center is a part of a network of 45 centers that operate nationally under the auspices of MBDA designed to help minority-owned firms secure capital for new equipment and facilities; compete for public and private sector contracts; and prepare for exporting opportunities. The Centers also provide strategic advice on supplier diversity programs to help make buyers more effective and efficient in meeting their goals.