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MBDA News
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ERIC MORRISSETTE’S, HEAD OF MBDA, STATEMENT IN RESPONSE TO NUZIARD V MBDA COURT RULING
March 11, 2024
... "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 a... -
Under Secretary Cravins Announces Formation of MBDA Minority Business Enterprise Advisory Council
January 12, 2024
WASHINGTON, DC – Today, Donald R. Cravins, Jr., Under Secretary of Commerce for Minority Business Development, announced the formation of the U.S. Department of Commerce, Minority Business Development Agency’s (MBDA) Minority Business Enterprise Advisory Council. As stated in The Minority Business D... -
Announcing Wendy D. Anderson as the permanent Chief of Staff
October 11, 2023
Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) officially announced Wendy D. Anderson as its permanent Chief of Staff. Anderson previously served as Chief of Staff to Congresswoman Val Demings (FL-10) and Congresswoman Yvette Clarke (NY-9) where she counseled b... -
The Minority Business Development Agency Announces Winners of the 2023 National Minority Enterprise Development Week Awards
October 05, 2023
WASHINGTON, DC – Today, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) proudly announces recipients of the 2023 Minority Enterprise Development (MED) Week Awards. The National MED Week Awards are the highest level of national recognition that a U.S. minority business en... -
Biden- Harris Administration Announces Competition Winners for The Minority Business Development Agency’s Capital Readiness Program
August 03, 2023
View Fact Sheet WASHINGTON, D.C., – Today, Vice President Harris announced the recommended awardees for the MBDA Capital Readiness Program. The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses. Once final a... -
Minority Business Development Agency Seeking Nominations for Historic 40th Annual National Minority Enterprise Development Week Awards
April 21, 2023
WASHINGTON, D.C., May 1, 2023 -- The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is seeking nominations for its annual National Minority Enterprise Development (MED) Week Awards. This year marks the 40th Annual National MED Week Awards, which were created in 1983 to cel... -
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... -
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...
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