Content tagged with MBDA History

"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...

Mr. 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.

On January 12, 2024, the Minority Business Development Agency (MBDA) announced that Under Secretary Donald “Don” Cravins will be stepping down from his role as MBDA Under Secretary.

“One year ago today, I was sworn in as the first-ever Under Secretary of Commerce for Minority Business Development. I took this job to make a difference - for this Nation and for its minority and underserved businesses, and I am proud to say we have accomplished a great deal thus far...

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.

The U.S. Department of Commerce, Minority Business Development Agency (MBDA) has announced the appointment of Jessica G. Cavazos as Deputy Under Secretary of Commerce for Minority Business Development.