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  1. News And Announcements

Content tagged with News and Announcements

Minority Business Development Agency and Department of Defense Announce Memorandum of Understanding to Bolster Minority Business Enterprise Participation in Defense Sector

Press Releases
WASHINGTON, D.C. (November 19, 2024) — Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) and the Department of Defense (DoD) Office of the Under Secretary of Defense for Acquisition and Sustainment met to commemorate the signing of their joint Memorandum of Understanding (MOU) at the Pentagon in Arlington, Virginia, with the aim of ensuring minority business...

The Minority Business Development Agency Announces Winners of the 2024 National Minority Enterprise Development Week Awards

Press Releases
WASHINGTON, D.C. (October 22, 2024) —The U.S. Department of Commerce, Minority Business Development Agency (MBDA) today announced the recipients of the 2024 Minority Enterprise Development (MED) Week Awards. The National MED Week Awards are the highest level of national recognition that a U.S. minority business enterprise can receive from the Department of Commerce. These prestigious awards...

NMSDC and MBDA Work Together to Define New Norms at the 2024 NMSDC Annual Conference & Exchange

Press Releases
ATLANTA (October 1, 2024) – As part of their continued efforts to accelerate the growth of minority business enterprises (MBEs) and advance economic equity, the Minority Business Development Agency (MBDA) and the National Minority Supplier Development Council (NMSDC) are collaborating to bring this year’s NMSDC Annual Conference & Exchange and MBDA National Minority Enterprise Development (MED)...

U.S. Minority Business Development Agency Convened Key Panel on Community Investment in Detroit

Press Releases
DETROIT (August 1, 2024) – In early August, Acting Under Secretary of Commerce for the Minority Business Development Agency (MBDA) Eric Morrissette traveled to Detroit, Michigan to convene a panel on community investment intended to illuminate contracts and resources available to help minority business enterprises (MBEs) grow and scale. Entitled Investing in Our Communities , the Acting Under...

The National Minority Enterprise Development Week (MED Week) Deadline for Nominations Fast Approaching on August 15, 2024

Press Releases
WASHINGTON, D.C. (August 6, 2024) – The Minority Business Development Agency (MBDA) invites nominations for the 41st Annual National Minority Enterprise Development (MED) Week Awards. These awards honor the exceptional achievements of entrepreneurs, businesses and organizations that are advancing business enterprises within underrepresented communities. For more than fifty years, the U.S...

The Minority Business Development Agency Hosts Second Annual Access to Capital Summit at U.S. Department of Commerce

Press Releases
WASHINGTON, D.C. (July 18, 2024) — Today, the Minority Business Development Agency (MBDA) hosted its second annual Access to Capital Summit at the U.S. Department of Commerce. The Access to Capital Summit: Equity in Action convened national banks, investors, trade associations and the government entities that regulate these institutions to discuss trends that affect capital formation for minority...

Acting Under Secretary of Minority Business Development Eric Morrissette's Statement in Response to Nuziard v MBDA Court Ruling Appeal

News and Announcements
"This past March, a federal court in Texas decided that even though minority business enterprises “have far less access to capital and credit…due to racial discrimination in lending markets,” Congress violated the Constitution by requiring MBDA to presume that members of specified minority groups experienced discrimination or had impaired ability to compete due to fewer capital and credit...

The U.S. Minority Business Development Agency Celebrates Businesses, Organizations, and Advocates with 41st Annual National MED Week Awards

Press Releases
WASHINGTON, D.C. (June 25, 2024) – The Minority Business Development Agency (MBDA) invites nominations for the 41st Annual National Minority Enterprise Development (MED) Week Awards. These awards honor the exceptional achievements of entrepreneurs, businesses and organizations dedicated to advancing business enterprises within underrepresented communities. For more than fifty years, the U.S...

U.S. Minority Business Development Agency’s Eric Morrissette Travels to Texas to talk MBE Ecosystems and LGBTQI+ Business with Texas Congressional Members

Press Releases
PEARLAND, TX (June 17, 2024) – On Monday, June 17, Acting Under Secretary of Commerce for Minority Business Development, Eric Morrissette, traveled to Pearland , Texas to meet with Congressman Al Green (TX-09) and Congresswoman Lizzie Fletcher (TX-07), and talk with constituents about the local minority business enterprise (MBE) eco-system, the needs of the LGBTQ+ business community, and resources...

U.S. Minority Business Development Agency Convenes Panel for Southern Florida’s Minority Business Communities

Press Releases
MIAMI (June 7, 2024) – On Wednesday, Acting Under Secretary of Commerce for Minority Business Development Eric Morrissette convened a panel in Miami, Florida for minority business enterprises, as an addition to the Minority Business Development Agency’s (MBDA) National Training Conference (NTC). Entitled Investing in Our Communities: Minority Business Development Agency Panel , the Acting Under...

U.S. Minority Business Development Agency Convenes First Ever Meeting of the Minority Business Enterprise Advisory Council

Press Releases
WASHINGTON, D.C. (June 3, 2024) – On Friday, May 31, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) held the first-ever meeting of the Minority Business Enterprise Advisory Council (MBEAC). The MBEAC held its inaugural meeting to provide an orientation for new committee members and an overview of future work products to fulfill the Council’s charter and statutory...

U.S. Minority Business Development Agency & Port of Seattle Announce New Collaboration to Expand Minority Business

Press Releases
SEATTLE (May 21, 2024) – On Thursday, May 16th, Acting Under Secretary of Commerce for Minority Business Development Eric Morrissette traveled to Seattle to sign a Memorandum of Understanding (MOU) between the Minority Business Development Agency (MBDA) and the Port of Seattle. The MOU between MBDA and the Port of Seattle requires collaboration in building public awareness and educational outreach...

The Minority Business Development Agency to Host 2024 National AANHPI Business Summit at U.S. Department of Commerce

Press Releases
WASHINGTON, D.C. (May 13, 2024) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is celebrating Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month by hosting the National AANHPI Business Summit. The summit will take place on Wednesday, May 15, 2024, from 12:00 P.M. to 6:00 P.M. ET in Washington D.C. in collaboration with the National Asian...

MBDA Hosts its First Capital Readiness Program (CRP) Implementation Meeting with CRP Awardees

Press Releases
WASHINGTON, D.C. (May 8, 2024) – MBDA hosted 43 Capital Readiness Program (CRP) awardees from across the nation for its first implementation meeting at the U.S. Department of Commerce. The two-day program convened awardee administrators and directors for an opportunity to meet Department of Commerce and MBDA staff, network within their cohort, and receive valuable program information. The CRP is a...

MBDA Acting Under Secretary Morrisette Joins the Department of Defense in Chicago for Small Business Training Week 2024

Press Releases
CHICAGO (May 3, 2024) – Eric Morrisette, Acting Under Secretary of Commerce for Minority Business Development, traveled to Chicago for the Department of Defense (DoD) Small Business Training Week 2024 (SBTW24), where he met with Mr. Farooq Mitha, Director of the DoD Office of Small Business Programs for a fireside chat at the Hilton Chicago. During the chat, the two leaders discussed MBDA’s unique...