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1401 Constitution Ave. NW
Washington, DC 20230
United States

Minority Business Development Agency

The mission of the Minority Business Development Agency (MBDA) is to promote the growth of minority owned businesses through the mobilization and advancement of public and private sector programs, policy, and research. MBDA has accomplished this mission by funding a network of centers that provide Minority Business Enterprises (MBEs) a variety of business assistance services.

Leadership

Related Content

Spotlight on Commerce: Gabriela Morales, Senior Business Development Specialist, Minority Business Development Administration (MBDA)

Blog
Guest blog post by Gabriela Morales, Senior Business Development Specialist, Minority Business Development Administration (MBDA) I am excited to have the opportunity to be featured during Women’s History Month. I am a Senior Business Development Specialist at the Commerce Department's Minority Business Development Agency. My job is to ensure minority-owned firms have adequate skills, tools...

Vice President Mike Pence Swears in New Commissioners to the President’s Advisory Commission on Asian Americans & Pacific Islanders with Three Cabinet Members Present to Celebrate Lunar New Year at the White House

Press releases
On Monday, January 27, 2020, Vice President Mike Pence administered the oath of office to members of President Donald J. Trump’s Advisory Commission on Asian Americans and Pacific Islanders at the White House in celebration of the Lunar New Year. Key Administration officials speaking at the event included co-chairs of the White House Initiative on Asian Americans & Pacific Islanders U. S...

Remarks by Commerce Secretary Wilbur L. Ross at the White House Initiative on Asian Americans and Pacific Islanders Lunar New Year Celebration

Speeches
Introduced by Tina Wei Smith, Executive Director of the White House Initiative on Asian Americans and Pacific Islanders. I am happy to participate in today’s Lunar New Year celebration with everyone involved in the White House Initiative on Asian Americans and Pacific Islanders. I am also pleased to co-chair this initiative with our esteemed Transportation Secretary Elaine Chao. This initiative...

How 11 Million Minority-Owned Firms Can Close the Wealth Gap and Drive the U.S. Economy

Blog
The following is a cross-post from the Minority Business Development Agency (MBDA) The U.S. Department of Commerce, Minority Business Development Agency (MBDA), in collaboration with the Milken Institute, convened prominent scholars, economists and business leaders to combine research efforts in support of the growth and expansion of minority business enterprises (MBEs). Fifty years after the...

Remarks By Secretary Wilbur Ross at the Minority Business Development Agency's Minority Enterprise Development (MED) Week

Speeches
Thank you, Henry, for that kind introduction. And thank you for the work that you and your team are doing at MBDA to support not just minority businesses, but the economic development of our entire country. Thank you, also, to the Milken Institute and to Mintz for co-hosting this event. The Milken Institute has been instrumental in driving a constructive national dialogue and agenda for growing...

Presidential Proclamation on Minority Enterprise Development Week, 2019

Fact sheets
The following is a cross-post from the White House During Minority Enterprise Development Week, our Nation celebrates the success of minority-owned businesses and recognizes their significant role in strengthening our country’s robust economy. The contributions of these enterprises ensure American companies remain world leaders in the global marketplace. This year marks the 50th anniversary of the...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the 2019 National AAPI Business Summit

Speeches
Introduced by Henry Childs, National Director of the Commerce Department’s Minority Business Development Agency Thank you, Henry, for that kind introduction, and for your hard work and dedication to the economic development of America’s minority communities. Welcome, everyone, to the 2019 National AAPI Business Summit. It is great to see such a large turnout. Yesterday, I had the privilege of...

Tax Cuts and Jobs Act Creates Opportunity Zones to Spur Investment in Underserved Areas

Blog
The following is a cross-post from the U.S. Minority Business Development Agency (MBDA) Opportunity Zones are a tool created by the Tax Cuts and Jobs Act of 2017 to spur investment on underserved areas. They offer investors a tax incentive by investing their unrealized capital gains into a designated “Opportunity Fund.” Did you know that there are $2.3 trillion of unrealized capital gains in the...

The Tax Cuts and Job Act: New Low Taxes and New Investments to Distressed Communities

Blog
Today marks the first Tax Day under the new President Trump Tax Code, this massive tax cut benefits everyday working families and supports American businesses. In 2018, Americans started benefiting from the President’s Tax Cuts and Jobs Act as their take-home pay increased due to a lower tax burden and companies large and small passed the benefits of the business tax cuts on to their employees in...