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Greeting on Asian American and Pacific Islander Heritage Month, 2020

News and Announcements
A Message from the Executive Director of the White House Initiative on AAPIs On behalf of the Co-Chairs of the White House Initiative on Asian American and Pacific Islanders, Secretary Elaine L. Chao and Secretary Wilbur L. Ross, as well as the President’s Advisory Commission on Asian Americans and Pacific Islanders, the Initiative is proud to join President Donald J. Trump in commemorating Asian...

Proclamation on Asian American and Pacific Islander Heritage Month, 2020

News and Announcements
Throughout our Nation’s history, Americans of Asian and Pacific Islander descent have made significant contributions to every aspect of our society, from business and politics to literature and the arts. Their accomplishments have enriched our Nation and stand as a testament to the power of the American Dream. During Asian American and Pacific Islander Heritage Month, we celebrate the indelible...

The Minority Business Development Agency Announces New Inner City Innovation Hub Grant Competition

Press Releases
WASHINGTON, APRIL 20, 2020 – Today, the U.S. Department of Commerce and Minority Business Development Agency (MBDA) announced the award of two competitive grants for the launch and operation of the Minority Business Enterprise Inner City Innovation HUBs . MBDA intends to award $2.8M over two years to support and fuel economic innovation of minority-owned start-up businesses and entrepreneurs in...

U.S. Transportation Secretary Elaine L. Chao Meets with Houston-area Asian American Leaders at Roundtable Event in Texas

Press Releases
U.S. Secretary of Transportation Elaine L. Chao speaking to Houston-area Asian American leaders at an event hosted by the White House Initiative on Asian Americans and Pacific Islanders. HOUSTON – U.S. Secretary of Transportation Elaine L. Chao, Co-Chair of the White House Initiative on Asian Americans and Pacific Islanders, met with local Asian American leaders at an event hosted by the White...

Vice President Mike Pence Swears in New Commissioners to the President’s Advisory Commission on Asian Americans & Pacific Islanders with Three Cabinet Members Present to Celebrate Lunar New Year at the White House

Press Releases
At a historic Lunar New Year event at the White House, Vice President Mike Pence administers the oath of office to the commissioners of President Donald J. Trump’s Advisory Commission on Asian Americans and Pacific Islanders with Cabinet Members Secretary of Transportation Elaine L. Chao, Secretary of Commerce Wilbur Ross, and Secretary of Labor Eugene Scalia serving as official witnesses...

What is the Federal Government doing in Response to COVID-19?

Department of Treasury Supporting American workers and businesses Export-Import Bank Supports the U.S. exporting community Federal Deposit Insurance Corporation (FDIC) Working with banks and consumers to respond to coronavirus Federal Emergency Management Agency (FEMA) How your organization can help Small Business Administration (SBA) Guidance for businesses and low-interest Economic Injury...

The Minority Business Development Agency Launches the “Minority Business and Technology Initiative” with Amazon Business

Press Releases
This initiative is a nationwide training and development series for minority business owners, entrepreneurs, and startups to grow their business with e-commerce. WASHINGTON, MARCH 17, 2020 – Today, the U.S. Department of Commerce and Minority Business Development Agency (MBDA) announced an exciting new collaboration with Amazon Business , The Minority Business and Technology Initiative . The...

Minority Business Development Agency: Guidance Documents

To view the text of the MBDA Act of 2021 (15 U.S.C. 9501 et seq.), click here To view guidance on the definition of Minority Business Enterprise in the MBDA Act, click here To view the MBDA Business Center Client Engagement Form, click here To view recent MBDA Notices of Funding Opportunity, see below: MBDA Capital Readiness Program: Click here 2022 MBDA Business Center Program Expansion NOFO...

Minority Business and Technology Initiative

The Minority Business and Technology Initiative (Tech Initiative) seeks to accelerate the inclusion of minority owned businesses (MBEs) in Ecommerce and to improve the use of digital technology for domestic and global sales. The Tech initiative will implement pioneering approaches that will support minority business owners and entrepreneurs in the following ways: Enable MBEs to increase their...

Proclamation on National African American History Month, 2020

News and Announcements
Through bravery, perseverance, faith, and resolve — often in the face of incredible prejudice and hardship — African Americans have enhanced and advanced every aspect of American life. Their fight for equality, representation, and respect motivates us to continue working for a more promising, peaceful, and hopeful future for every American. During National African American History Month, we honor...

THE RHYTHM OF PURPOSE

Success Stories
For MEDwheels’ Jane Gonzalez, the heartbeat of success is a passion for saving lives. Source: MED Wheels At a Houston high school football field, a father sat on the bleachers, cheering on his son. Suddenly, the man collapsed of a sudden cardiac arrest. Fortunately, the school athletic department was equipped with an automated external defibrillator (AED) purchased from MEDwheels a San Antonio...

Success Story: Wells Technology

Success Stories
With a $1,300 investment, Andy Wells started Wells Technology as a small consulting business skilled at solving design, production, and distribution problems. Through continual growth in capabilities and a foundation in innovation, Wells Technology has grown to provide a wide range of precision machined products along with the sales of industrial and construction supplies as an authorized...

MBDA Awards NAIC Million Dollar Grant to Raise $1 Billion for Investment in Minority Entrepreneurs

Press Releases
WASHINGTON, October 4, 2019 – The Minority Business Development Agency (MBDA) of the U.S. Department of Commerce and the National Association of Investment Companies (NAIC), the largest network of diverse-owned private equity firms and hedge funds, announced today that MBDA has awarded NAIC a $1.4 million grant to support a project that will facilitate the aggregation and deployment of...

MBDA National Director Featured in Essence Magazine

News and Announcements
The Minority Business Development Agency (MBDA) partnered with ESSENCE Communication to spotlight women of color business owners at the Path to Power Conference. The event took place in July during the 2019 Essence Festival. The conference gave aspiring business-owners a lesson in "leveling up" with insightful presentations on business development and investment. National Director Henry Childs, II...