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MBDA Annual Performance Reports

The following links to MBDA’s annual performance reports chronicles our impact and accomplishments in service to the nation’s growing minority business community. To learn more about our vision, mission, and programs, please visit About Us. Performance Metrics FY 2021 Annual Performance Report Click to view FY 2020 Annual Performance Report Click to view FY 2019 Annual Performance Report Click to...

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...

President’s Advisory Commission on Asian Americans and Pacific Islanders (PAC-AAPI) Convenes Second Open Meeting

Press Releases
WASHINGTON, D.C. – On August 5th, the President’s Advisory Commission on Asian Americans and Pacific Islanders (PAC-AAPI) convened its second Open Meeting in Washington, D.C. U.S. Secretary of Commerce Wilbur Ross, Co-Chair of the White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI), presided over the meeting and provided welcome remarks. The Commissioners also met with U.S...

Second Open Meeting of the President’s Advisory Commission on AAPIs

The President’s Advisory Commission on Asian Americans and Pacific Islanders will host their second open meeting on Wednesday, August 5th. The public may attend virtually and provide comments during the open comment period. An agenda for the meeting will be provided shortly. Date: Wednesday, August 5, 2020 Time: 4:00 PM Eastern Time Please register below and a link for the virtual open meeting...

Minority Business Development Agency Awards $10M in Federal Funding under the CARES Act

Press Releases
Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced the deployment of $10 million in CARES Act funding to the network of MBDA Business Centers and national minority chambers of commerce. The grants will be used for education, training, and advising small and minority business enterprises in their recovery from the effects of the COVID-19 crisis. “The Trump...

Department of Commerce Announces New National Director of Minority Business Development Agency

Press Releases
WASHINGTON, June 17, 2020 – Today, U.S. Secretary of Commerce Wilbur Ross announced that David J. Byrd will be the new National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). Mr. Byrd will be the 18th National Director of the agency. Established by an Executive Order in 1969, MBDA is the only Federal agency solely dedicated to the growth and global...

President’s Advisory Commission on Asian Americans and Pacific Islanders (PAC-AAPI) Hosts June AAPI Business Town Hall

Press Releases
WASHINGTON, D.C. – On June 11th, the President’s Advisory Commission on Asian Americans and Pacific Islanders hosted their second virtual AAPI Business Town Hall. Chair of the Commission, Dr. Paul Hsu of Florida, provided opening remarks, in which he highlighted the many accomplishments of Asian American and Pacific Islanders. He also emphasized the five areas that both the Commission and the...

Minority Business Development Agency Seeking Nominations for 2020 National MED Week Awards

Press Releases
WASHINGTON, June 9, 2020 – The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is seeking nominations for the 2020 National Minority Enterprise Development (MED) Week Awards. These annual awards are designed to honor businesses, organizations, and individuals that have demonstrated leadership and commitment in advancing the minority business community and our Nation’s...

2020 MED Week Awards

Submit Nomination Click for brochure In the unprecedented times our nation is facing during the COVID-19 pandemic, the Minority Business Development Agency will continue the tradition of commemorating the 2020 National MED Week, in a series of VIRTUAL EVENTS Since 1969, the U.S. Department of Commerce Minority Business Development Agency (MBDA) has been instrumental in fostering the growth and...

President’s Advisory Commission on Asian Americans and Pacific Islanders

The President’s Advisory Commission on Asian Americans and Pacific Islanders (PAC-AAPI) would like to invite you to join a virtual AAPI Business Town Hall on Thursday, June 11, 2020 to discuss concerns from AAPI business owners. The agenda will include important updates from the U.S. Small Business Administration about disaster relief funds and the Paycheck Protection Program. We will also hear...

American Indian Alaska Native / Native Hawaiian Projects

The Minority Business Development Agency’s (MBDA) American Indian, Alaska Native, and Native Hawaiian (AIANNH) Projects support Tribal and native business growth by addressing one or more of the following three strategic initiatives: a) innovation and entrepreneurship; b) strategic planning; and/or c) transformative projects. Choose an organizationAlbuquerque, NM: Four Winds Diversified...

President’s Advisory Commission on Asian Americans and Pacific Islanders (PAC-AAPI) Convenes Inaugural Open Meeting and Virtual Listening Session

Press Releases
WASHINGTON, D.C. – On May 20th, the President’s Advisory Commission on Asian Americans and Pacific Islanders convened its Inaugural Open Meeting with all fourteen (14) Commissioners in attendance. U.S. Secretary of Commerce Wilbur Ross and U.S. Secretary of Transportation Elaine L. Chao, Co-Chairs of the White House Initiative on Asian Americans and Pacific Islanders, provided welcoming remarks at...

Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans

Grow Your Business Blog
With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance. The CEO of Magic Johnson Enterprises collaborated with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies hurt by stay-at-home orders due to Covid-19. The loans were funded through Johnson’s...

In Remembrance of the Legacy of Ms. Andrea Harris

News and Announcements
A steadfast champion for Minority Business Enterprises and former Operator of the North Carolina MBDA Business Center Family, Friends, Colleagues and Partners, The North Carolina Institute of Minority Economic Development stands in mourning at the passing of our founder and leader, Ms. Andrea Lynette Harris, on the morning of May 20, 2020. Ms. Harris was an extraordinarily gifted, visionary leader...

White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI) Successfully Holds Virtual Events to Commemorate AAPI Heritage Month 2020

Press Releases
WASHINGTON, D.C. – U.S. Secretary of Commerce Wilbur Ross and U.S. Secretary of Transportation Elaine L. Chao, Co-Chairs of the White House Initiative on Asian Americans and Pacific Islanders, were the keynote speakers at virtual events to commemorate Asian American and Pacific Islander (AAPI) Heritage Month 2020 hosted by the White House Initiative on Asian Americans and Pacific Islanders...