#ICYMI: Today, Vice President Kamala Harris announced the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness Program. MBDA’s Capital Readiness Program is the largest-ever direct Federal investment in small business incubators and accelerators of its kind. “President Biden and I are fighting to ensure that every entrepreneur in America — no matter who they are or where they live — can access the capital to start or grow a business, create jobs, and thrive.” – Vice President Harris For more information, visit www.MBDA.gov/CRP
Minority Business Development Agency - U.S. Department of Commerce
Government Administration
Washington, DC 30,099 followers
Grow your business. Build the Nation.
About us
The Minority Business Development Agency (MBDA) at the U.S. Department of Commerce is the only federal agency dedicated to advancing the establishment and growth of minority business enterprises in the United States. Through a network of minority business centers and strategic partners, MBDA works with minority entrepreneurs who wish to grow their businesses in size, scale and capacity. These firms are then better positioned to create jobs, impact local economies and expand into national and global markets. MBDA has spent more than four decades increasing the competitiveness of minority firms.
- Website
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http://www.mbda.gov
External link for Minority Business Development Agency - U.S. Department of Commerce
- Industry
- Government Administration
- Company size
- 51-200 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1969
- Specialties
- Business Development, Technical Assisitance, Financial Assistance, Global Business Development, Access to Capital, Finance Management, Access to Contracts, Access to Markets, and Strategic Business Consulting
Locations
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Primary
1401 Constitution Avenue, N.W.
Washington, DC 20230, US
Employees at Minority Business Development Agency - U.S. Department of Commerce
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Jeannette A. Gerald
Business Development Executive, and Strategic Advisor to clients driving the domestic and global economies.
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Lamar Heystek
President, ASIAN, Inc.
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Leopoldo Martinez Nucete
International lawyer, social entrepreneur, and experienced policy professional focused on economic equity and Latino empowerment. Presidential…
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Melvin Tabilas
Minority Business Development Agency - U.S. Department of Commerce
Updates
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Minority Business Development Agency - U.S. Department of Commerce reposted this
Great meeting today with business leaders in Dearborn, MI hosted by MoveAmerica APEX Accelerator. The discussion with Eric Morrissette centered around resources from Minority Business Development Agency - U.S. Department of Commerce available to small businesses.
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LM Manufacturing, a client of the Michigan MBDA Business Center, provides manufacturing of complete seat assemblies for automotive and mobility industries in Detroit. They produce the seats for the Ford Ranger and Bronco, among others. It aims to deliver innovation to drive and impact the future of mobility, while prioritizing a quality work-life balance for their employees. Yesterday, Slyvester Hester, President for LM Manufacturing, and our Michigan MBDA Business Center staff spearheaded a tour of their 30,000 square foot facility with Acting Under Secretary Eric Morrissette. #WeAreMBDA
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Minority Business Development Agency - U.S. Department of Commerce reposted this
Happening Now! Tune in to Wharton Business Daily on SiriusXM Chanel 132 to listen as we kick off Black Business Month!
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Today, MBDA signed an MOU with Urban Strategies Inc., a CDFI fund designed to overcome persistent barriers to social mobility and the wealth equity gap. They committed to work together to provide an alternative financing solution for MBEs and to help close the wealth equity gap by providing capital and financial services to socially and economically disadvantaged businesses residing in community revitalization areas. #WeAreMBDA
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Thank you Minority Business News USA (MBN USA)! Spotlight a minority business enterprise TODAY by nominating them for our 2024 MED Week Awards this October. Visit our website for more information. #WeAreMBDA #MEDWeekAwards
For more than five decades, the Minority Business Development Agency - U.S. Department of Commerce has been at the forefront of promoting the growth and global competitiveness of minority business enterprises. Today, they celebrate the extraordinary contributions of over 10 million minority-owned businesses to our economy.
Nominations open for MBDA's 2024 MEDWeek awards
mbnusa.biz
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Breaking barriers and rebuilding economies: introducing the powerhouses behind our 2023 National MED Week Individual Recognition awards. Ronald H. Brown Leadership Awardee Manuel Cidre Miranda has been a relentless advocate for socioeconomic development in Puerto Rico. As Secretary of Puerto Rico's Department of Economic Development and Commerce, his leadership has provided essential tools and resources to empower local entrepreneurs, streamline business operations, and cultivate a future-ready workforce. David Steward, the recipient of the Abe Venable Legacy Award for Lifetime Achievement, transformed World Wide Technology from a small startup into the largest company in America owned and operated by an African American. His journey from humble beginnings to tech industry leader showcases his unwavering commitment to minority business enterprises, setting a powerful example for future leaders. Don’t miss your chance to recognize outstanding minority business enterprises and advocates! Nominate someone in your community for the 2024 National MED Week Awards by 8/15 and celebrate their incredible contributions. https://mbda.gov #WeAreMBDA #MEDWeek
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Omar Muhammad, Director of the Entrepreneurial Development & Assistance Center at Morgan State University, is breaking cycles of recidivism for returning citizens. The Entrepreneurial Development & Assistance Center was awarded a grant from MBDA to support MBDA's Entrepreneurship Education Program for Formerly Incarcerated Persons. His vision has helped launch specialized centers that support formerly incarcerated persons in their entrepreneurial pursuits. These centers are havens of opportunity, offering essential resources and guidance through engaging conferences, personalized counseling, hands-on workshops, and accessible online training. Omar’s commitment extends beyond individual transformation—it’s about revitalizing entire communities. By empowering formerly incarcerated individuals with the tools and networks they need to succeed, he fosters a culture of innovation and growth. His work is a powerful affirmation that everyone deserves a second chance to succeed. #WeAreMBDA #Entrepreneurship
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Empowering second chances, one entrepreneur at a time. MBDA’s Entrepreneurship Education Program for Formerly Incarcerated Persons is a launchpad for returning citizens, providing them with the skills, resources, and networks needed to start successful businesses. Learn more: https://lnkd.in/dkQExQeb #WeAreMBDA #Entrepreneurship #SecondChances
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Join the Four Winds Diversified (FWD) Project Team in Partnership with Data Management of New Mexico (DMNM) this Thursday, July 25th at 12:15 P.M. MST (2:15 P.M. EST) for their “Working with Department of Energy (DOE) and Sandia National Laboratories” event. Learn about the DOE Landscape & Agencies, their mentor/protégé program, the eligibility requirements to work with DOE and SNL, as well as the numerous opportunities and resources available for small businesses! You don’t want to miss this incredible opportunity! Learn more, and register, today at: https://ow.ly/QfGo50SJ9Et