The Minority Business Development Agency (MBDA) was originally established as the Office of Minority Business Enterprise by President Richard M. Nixon on March 5, 1969. By establishing a federal agency dedicated exclusively to minority business enterprise, President Nixon recognized the impact of minority businesses on the nation’s economy and on the general welfare of the country. Related...

Our clients are businesses owned by socially or economically disadvantaged individuals. These companies are fast-growing, innovative, and represented in every industry sector in the United States. Minority-owned firms contribute over $1.4 trillion in annual economic output to the U.S. economy and directly account for 7.2 million U.S. jobs. Learn more about Minority Business Enterprises Global...

WASHINGTON, FEBRUARY 3, 2021 – Today, the U.S. Department of Commerce Minority Business Development Agency (MBDA), B&C International (B&C), and The National Business League announce an initiative to strengthen commercial engagement between the Federal Government, U.S. Minority Business Enterprises (MBEs), and African Small, Medium, and Micro Enterprises (SMMEs). To operationalize this effort...

Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA), is announcing grant awards of nearly $2 million to four Historically Black Colleges and Universities (HBCUs). In June 2018, MBDA invited HBCUs to propose projects that will achieve one or more of the following objectives: increase their ability to compete for and receive Federal research and development funds...

This February, MBDA honors Black History Month as the annual celebration of achievements by African Americans and a time for recognizing their central role in U.S. history. When Carter G. Woodson established Negro History Week in 1926, his intent was to bring to the public’s attention important developments that merit emphasis within the Black community—and every year MBDA is proud to uphold the...

The U.S. Department of Commerce’s Minority Business Development Agency is announcing $400,000 in grant funding to the Florida State Minority Supplier Development Council (FSMSDC) to ensure that minority business enterprises (MBEs) have a significant presence in this critical domestic market. Aquaculture is fastest growing form of food production in the world. U.S. aquaculture production is worth...

Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is announcing grant recipients selected to advance the global competitiveness of minority business enterprises (MBEs) through programs in emerging technologies and other high-tech industries. “Changing demographics are creating tremendous opportunities for minority business enterprises. As key drivers of the...

Since 1987, March has been the time for our nation to pause to reflect on the amazing contributions of women who have set the stage, raised the bar, and made their distinctive mark on the advancement of minority business enterprises. Women’s History Month is a time to sing the praises of Enterprising Women of Color who have blazed new trails and broken barriers to become the largest and most...

Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is announcing the five organizations that received grant funds to support three MBDA initiatives – Access to Capital, Research, and Sustainable Business Models. The call for proposals under each initiative sought solutions for constraints, disparities, and opportunity gaps that impact a minority business...

Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is awarding nearly $1 million to promote minority women entrepreneurs who are engines of economic growth in their communities. “Minority women are the fastest growing population of entrepreneurs. While many women are making tremendous strides in the business world, they still face obstacles as entrepreneurs,” said...

MBDA Business and Specialty Centers across the nation partner to launch awareness campaign promoting minority business enterprises (MBE) during National Minority Enterprise Development Week [Washington, DC | September 18, 2020] – Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced the inaugural “Buy MBE Day” event in coordination with its national network...

These programs are part of the 2018 MBDA Broad Agency Announcement, a new initiative this year. More than $13 million was awarded for 35 projects focused on Department of Commerce and MBDA priorities from resources that increase disaster preparedness and relief to programs that increase access to capital. The full list of MBDA’s 2018 BAA grant awards: Access to Capital Harbor Bank of Maryland...

WASHINGTON (December 18, 2020) — The Nation’s nearly 8.2 million minority nonemployer firms generated $279.3 billion in revenues in 2017 and grew in number at four times the rate of nonminority nonemployer firms between 2014 and 2017. The U.S. Department of Commerce’s Minority Business Development Agency (MBDA), in collaboration with the U.S. Census Bureau (Census), released these new statistical...

I love the future. I really do. I’m excited about it. And I’m prepared for it. ARE YOU? So, let’s talk about the future. I want you to imagine that it is the year 2050. In the year 2050, minorities are projected to be the majority population in the United States. Is your business prepared for that? In 2050, Artificial Intelligence will have completely transformed business. Do not be misled, the...