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 Information: Executive Order 11625 | Past Directors | Congress Passes Resolution Honoring MBDA's 40th Anniversary | Performance Summeries
Highlights of MBDA’s history are as follows:
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In 1969 approximately 322,000 business enterprises having total receipts of $10.6 billion were minority-owned. One-half of these were black-owned-163,000 with total receipts of $4.5 billion - and 100,000 with receipts of $3.3 billion were Spanish-speaking minority-owned firms. Of the total minority-owned firms operating in 1969, 90,000 were employer firms (i.e., having one paid employee or more). These employer firms accounted for 82 percent of total receipts of all black-owned firms, 84 percent of the total receipts of Spanish-speaking minority-owned firms and 88 percent of the receipts of firms owned by other minority groups. Download the first survey to learn more. |
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![]() The Minority Business Development Center program was established and became the MBDA’s primary method for delivering technical and management services to MBEs. MBDA served ninety-four Metropolitan Statistical Areas and an Information Center was created, which collected, published, and disseminated data and information pertinent to MBEs. |
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![]() MBDA partners with Dartmouth College Tuck School of Business to provide executive training to minority entrepreneurs and to write reports such as “Globalization and Minority-Owned Businesses in the United States: Assessments and Prospects,” which shows minority businesses should begin to think about growing their businesses globally. |
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![]() As the economy continues to present challenges to minority businesses, access to capital is a primary focus. MBDA plans several meetings with MBEs, financial services companies and minority business community stakeholders to find ways to best serve the needs of MBEs during this critical time. Congress Passes Resolution Honoring MBDA's 40th Anniversary |
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![]() MBDA releases the Capital Access report “Disparities in Capital Access Between Minority and Non-Minority-Owned Businesses: The Troubling Reality of Capital Limitations Faced by MBEs”. The report provides new findings on disparities in capital access between minority businesses and non-minority businesses after controlling for a number of factors including the size of firm and credit worthiness among other. MBDA and the U.S. Census Bureau announced that the number of minority-owned firms increased by 46 percent to 5.8 million between 2002 and 2007 according to data from the Preliminary Estimates of Business Ownership by Gender, Ethnicity, Race and Veteran Status: 2007, from the U.S. Census Bureau’s 2007 Survey of Business Owners. |
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![]() Our team supported the creation of 5,787 new jobs by assisting minority-owned businesses in obtaining nearly $4 billion in contracts and capital—a $6 million increase over last year’s record level. MBDA’s return on taxpayer investment (ROI) reached the highest level in the 43-year history of the Agency. In Fiscal Year 2011, ROI stood at 130x, up from 125x in FY2010 and 70x at the beginning of the Obama Administration. MBDA successfully launched a newly redesigned MBDA Business Center program. The new nationally focused program combined the traditional Minority Business Enterprise Center (MBEC) and Minority Business Opportunity Center (MBOC) programs into one program. |
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![]() In the fiscal year 2012, MBDA helped create and retain 16,730 jobs, the highest level in the 44 year history of the Agency. Return on taxpayer investment, the Agency's primary measure of internal operating efficiency, was 126x in the fiscal year 2012. This was achieved by helping MBDA clients obtain over $3.6 billion in contracts and capital awards. The National Minority Enterprise Development (MED) Week Conference has set the standard as the premier event for minority entrepreneurs, business owners, and advocates. In December, MED Week celebrated its milestone 30th Anniversary with one of the most successful events in the history of the conference. |
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![]() In the fiscal year 2013, through MDBA’s nationwide network of Business Centers, we have assisted clients in securing more than $4.8 billion in contracts and capital. This led to the creation and retention of more than 25,000 U.S. jobs. Return on taxpayer investment, the Agency's primary measure of internal operating efficiency, was 174x in the fiscal year 2013. MBDA recognized the 2013 National Minority Enterprise Development (MED) Week Award winners. The winners include 12 organizations, businesses and individuals who have demonstrated leadership and commitment in advancing the minority business community. U.S. Secretary of Commerce Penny Pritzker presented the awards during a ceremony in Washington, DC. |
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![]() This year MBDA reached a historic milestone - our 45th Anniversary. We believe anniversaries are important because they offer an opportunity for reflection, commemoration and celebration. The 2014 Fiscal Year Annual Performance Report of the Minority Business Development Agency chronicles our impact and accomplishments as we celebrate 45 years of our presidential mandate to serve our nation’s growing minority business community. In the fiscal year 2014, we redoubled our efforts to establish the relationships necessary for MBEs to engage procurement officials and secure the financial support that propels their businesses forward. As a result, we have seen a 45% increase ($2.1 billion) in contracts and capital—from $4.8 to $6.9 billion in the fiscal year 2014. |
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![]() In the fiscal year 2015, through MDBA’s nationwide network of Business Centers, we have assisted clients in securing more than $5.9 billion in contracts and capital. This led to the creation and retention of nearly 27,000 U.S. jobs. MBDA announced its plan to invest up to $13.4 million in grants to support the growth and expansion of MBEs in 2016. Download Fiscal Year 2015 In addition to creating U.S. jobs by growing the size and scale of minority-owned businesses, MBDA is tasked with the development, collection, analysis, and dissemination of information that is helpful to organizations and individuals seeking to establish or promote the successful operation of minority business enterprises. In 2015, MBDA released two research reports:
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![]() In the fiscal year 2016, through MDBA’s nationwide network of Business Centers, we have assisted clients in securing more than $3.3 billion in contracts and capital. This led to the creation and retention of nearly 14,800 U.S. jobs. |
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