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MBDA News

• The Minority Business Development Agency hosts 2023 National AANHPI Business Summit at U.S. Department of Commerce

  May 11, 2023

  WASHINGTON, D.C., May 8, 2023 — 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 on Wednesday, May 17, 2023, from 9:00am to 1:00pm...

• Jessica G. Cavazos Appointed as First-Ever Deputy Under Secretary of Commerce for Minority Business Development

  April 24, 2023

  WASHINGTON, D.C., April 24, 2023 – Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced the appointment of Jessica G. Cavazos as Deputy Under Secretary for Minority Business Development. Under Secretary Donald R. Cravins, Jr. released the following statement:...

• Commerce Department’s Minority Business Development Agency Announces Nearly $100 Million to Expand Opportunities for Underserved Entrepreneurs

  December 21, 2022

  WASHINGTON DC – Today, the U.S. Department of Commerce launched the Capital Readiness Program grant competition, which dedicates $93.5 million to help minority and other underserved entrepreneurs grow and scale their businesses. This program, administered by the Minority Business Development Agency,...

• Minority Business Development Agency Awards $1.68 Million to Fund Innovative Access to Capital Projects for Minority-Owned Businesses

  September 20, 2022

  The U.S. Department of Commerce Minority Business Development Agency (MBDA) has extended awards for the Access to Capital Innovative Finance Grant to two projects that will address historical barriers faced by minority business enterprises (MBEs). Through potentially disruptive, scalable solutions,...

• Commerce Department’s Minority Business Development Agency Awards $4.7 Million in Funding to Strengthen Business Centers Across U.S.

  September 21, 2022

  Additional funding from Biden Administration brings total up to $37 million to bolster services that will help minority-owned businesses expand and prosper across 34 states Today, U.S. Secretary of Commerce Gina Raimondo announced that the U.S. Department of Commerce Minority Business Development A...

• MBDA Announces $1.75 Million in Grants for Minority Colleges and Universities

  October 18, 2022

  WASHINGTON (October 18, 2022) – The Minority Business Development Agency (MBDA) has announced $1.75 million in grants to seven minority educational institutions as part of an expanded pilot program to support entrepreneurship for undergraduate students. These grantees join a cohort of four other Min...

• Minority Business Development Agency Seeking Nominations for 2022 National Minority Enterprise Development Week Awards

  June 08, 2022

  WASHINGTON, June 8, 2022 – The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is seeking nominations for the 2022 National Minority Enterprise Development (MED) Week Awards. These prestigious honors will be presented during MBDA’s National Minority Enterprise Development W...

• MBDA Announces Grant Competition to Fund Innovative Access Capital Project for Minority-Owned Businesses

  May 05, 2022

  WASHINGTON (May 5, 2022) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) made a Broad Agency Announcement (BAA) to fund an innovative project addressing historical barriers to access capital faced by minority business enterprises (MBEs). MBDA plans to award one grant...

• Minority Business Development Agency Announces $1.8 Million Grant Opportunity to Develop Entrepreneurship Programs at Minority Serving Institutions

  May 04, 2022

  MBDA accepting applications from qualified organizations to develop entrepreneurial programs for students and grow the number of MBEs WASHINGTON (April 28, 2022) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) made a Broad Agency Announcement (BAA), totaling an estim...

• Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative

  April 28, 2022

  The $300 million includes a $100 million transfer to the U.S. Department of Commerce’s Minority Business Development Agency to provide technical assistance to underserved entrepreneurs seeking greater access to capital, including venture capital financing.   WASHINGTON — Today, the U.S. Department...

• Minority Business Development Agency to Award $2.1 Million to Expand Business Center Program

  April 18, 2022

  Federal funding will expand MBDA Business Centers to new locations in Arkansas, Indiana, Oregon, South Carolina, Utah, and Wisconsin WASHINGTON (April 18, 2022) — The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is awarding $2.1 million in federal funding to six grant re...

• Minority Business Development Agency Awards $3.9M to Serve Indigenous Community

  November 23, 2021

  State and local Tribal organizations to provide training programs, access to capital, and business development to Native entrepreneurs WASHINGTON (November 23, 2021) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) awarded $3.9 million in federal funding to thirteen (...