Content tagged with News and Announcements

NEW YORK CITY – On Thursday, November 21, 2024, the Minority Business Development Agency (MBDA) celebrated the achievements of the historic Capital Readiness Program (CRP) at the NASDAQ Tower in Times Square. Deputy Under Secretary of Commerce for Minority Business Development Eric Morrissette joined Capital Readiness Program awardees as they uplift underserved entrepreneurs across the nation....

... "55 years ago, President Richard Nixon established the Minority Business Development Agency (MBDA). Now authorized by a bipartisan coalition in Congress and codified by President Biden, the MBDA has been committed to providing the programs, services, and initiatives needed for businesses to achieve economic success and prosperity. This week, a federal court in Texas said that while minority...

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...

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...

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...

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...

WASHINGTON, D.C. (May 1, 2024) – Eric Morrisette, Acting Under Secretary of Commerce for Minority Business Development Agency (MBDA), joined the National Association of Hispanic Publications (NAHP) Legislative Summit 2024 at the White House, where he participated in a panel discussion with Cabinet Members and other leaders to highlight the Administration’s accomplishments for the Latino community...

WASHINGTON, DC, March 8, 2024 – Yesterday, the U.S. Department of Commerce Minority Business Development Agency (MBDA) hosted the Divine Nine Sororities, The National Council of Negro Women, The Links Incorporated, The Black Women’s Agenda, and The National Coalition of 100 Black Women at the White House. During this event, MBDA memorialized Memorandums of Understanding (MOU) with each...

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...

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...

ATLANTA (April 29, 2024) – Eric Morrissette, Acting Under Secretary of Commerce for Minority Business Development traveled to Atlanta to kick off the first stop of Vice President Kamala Harris’ nationwide Economic Opportunity Tour with a panel discussion at the Georgia International Convention Center.   The conversation was focused on programs and initiatives created to uplift economic...

WASHINGTON, DC (December 30, 2024) – The Minority Business Development Agency (MBDA) is seeking public comments on the future content of its newly launched Information Clearinghouse, hosted at www.mbda.gov/research . Created by MBDA’s Office of Data, Research, and Evaluation (ODRE), the site serves as the agency’s mandate to create an information clearinghouse that will collect and disseminate...

WASHINGTON, DC (December 20, 2024) – Today, the Minority Business Development Agency (MBDA) released its Ways in Which Minority Business Enterprises (MBEs) Can Meet Gaps in the U.S. Supply Chain report. This report presents several avenues for MBEs to meet gaps in the U.S. supply chain and discusses opportunities to conduct, commission, and collaborate on new studies with other federal, state, and...

Acting Under Secretary Eric Morrissette and the Minority Business Development Agency have released a statement to the Nuziard v MBDA court decision. Read exactly what Mr. Morrissette and MBDA have to say in response here.

The Minority Business Development Agency (MBDA) announced the formation of the Minority Business Enterprise Advisory Council. As stated in The Minority Business Development Act of 2021, this council will advise and assist MBDA in their mission to promote the growth of minority owned businesses.