About MBDA
The Minority Business Development Agency’s (MBDA) mission is to promote the growth and global competitiveness of Minority Business Enterprises (MBE) in order to unlock the country’s full economic potential.
Promoting the growth of Minority-Owned Business in every sector
Our network of Business Centers and technical assistance programs is an indispensable resource for MBEs working to overcome obstacles and grow their business.
THE PROBLEM
Lack of access to capital
MBDA'S SOLUTION
Get greater access to capital
- Identify financing opportunities and sourcing deals
- Financial management and planning
- Financing forums and networking events
- Brokerage of financial transactions
- Identification and closure of mergers and acquisitions
THE PROBLEM
Difficulty accessing and winning contracts
MBDA'S SOLUTION
Expand contracting opportunities
- Identification of procurement opportunities
- Teaming arrangements
- Solicitation analysis
- Bid and proposal preparation
- Negotiation and closing
- Post-award contract administration
- Business certifications and registration assistance
THE PROBLEM
Lack of access to markets
MBDA'S SOLUTION
Enter new markets
- Market research, promotion, and advertising
- Sales consulting and forecasting
- Business-to-Business (828) matchmaking forums
- Identification of export markets
- Referrals to international trade programs and services
- International market analysis
- Market promotion assistance
- International trade assistance
Fostering growth today, preparing MBEs to meet industry needs of tomorrow: MBDA’s Programs and Services
Minority business enterprises seeking to expand into new markets — domestic & global — and grow in size and scale, can access business experts at a MBDA Business Center. Whether it’s securing capital, competing for a contract, identifying a strategic partner or becoming export-ready, your success is our priority.
Targeted assistance for manufacturers that aim to employ new technologies to increase the number of “Made in America” products that can be sold domestically and globally.
Business development services to generate increased financing and contract opportunities, and greater access to global markets.
The only MBDA Center solely focused on federal contracting; connecting MBEs to procurement officials and prime contractors.
Innovative Finance Projects seek to address, mitigate and remove systemic barriers of traditional financing by leveraging alternative funding methods and non-traditional sources of lending.
The Minority Business Development Agency (MBDA) developed Enterprising Women of Color (EWOC) to focus on the fast-expanding minority women entrepreneur population as a revenue generators for families, communities, and the nation.
Impact and Performance
Fiscal Year 2023 and National Impact
$1.5B
Capital
In FY22, MBDA facilitated access to $1.5 billion in capital, empowering minority-owned businesses.
$3.8B
Contracts
FY23 saw MBDA's diligent efforts culminate in over $3.8 billion in contract awards to minority-owned businesses.
19K
Jobs
Throughout FY23, MBDA played a pivotal role in empowering minority-owned businesses to generate or safeguard over 19,000 jobs.