Today the Commerce Department’s Minority Business Development Agency (MBDA) presented a grant to SoCal Corporate Growth Partners for $1.775 million to operate a new MBDA Business Center in Riverside, California.
MBDA National Director David Hinson was joined by Riverside Mayor Ron Loveridge and Daniel Sieu, CEO & President of SoCal Corporate Growth Partners to celebrate the opening of the new Riverside MBDA Business Center, which will be operated over five years.
This Business Center is a part of a network of 45 centers that operate nationally under the auspices of MBDA designed to help minority-owned firms secure capital for new equipment and facilities; compete for public and private sector contracts; and prepare for exporting opportunities. The Centers also provide strategic advice on supplier diversity programs to help make buyers more effective and efficient in meeting their goals.
The most recently opened business centers were in Boston, MA, Minneapolis, MN and Manhattan, NY.