WEBSITE
ADDRESS

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

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...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Minority Business Development Agency 50th Anniversary Celebration

Speeches
Thank you, Henry, for that kind introduction. Fifty years: A lot of dedicated, passionate people have made it possible for the Minority Business Development Agency to achieve such a milestone. Congratulations! And thank you — to all the people who work in the small but mighty MBDA — for maintaining a five-decade tradition of excellence. Your service is needed now more than ever to assure the...

Op-Ed: Celebrating the Rise of Minority-Owned Businesses

Op-eds
On Tuesday, the Department of Commerce’s Minority Business Development Agency (MBDA) celebrates its 50th anniversary. When President Nixon signed the executive order creating MBDA, the nation’s minority population was less than 40 million. Nixon recognized that, although minority-owned businesses then were only 4 percent of America’s businesses, empowering the entrepreneurial spirit of minority...

U.S. Secretary of Commerce Concludes Successful 2018

Press releases
The U.S. Department of Commerce was hard at work this year protecting American trade and security interests, reforming outdated government practices, planning the critical decennial census, providing crucial weather information to protect lives and property, stewarding the Nation’s marine resources, in addition to supporting minority and community economic development, among countless other vital...

U.S. Secretary of Commerce Announces Minority Business Development Agency Grant Awards

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Minority Business Development Agency (MBDA) of the Department of Commerce awarded over $13 million to 35 projects in communities across the country. The grants, which are part of MBDA’s new Broad Agency Announcement initiative, reflect critical Department of Commerce priorities including space commerce, aquaculture, disaster relief,...

Spurring Innovation During National Entrepreneurship Month

Blog
By: Karen Dunn Kelley American ingenuity has powered our nation through advances in technologies such as integrated circuits, personal computers, and the Internet. Through recessions and economic booms, innovation has remained the hallmark of the U.S. economy. Americans have consistently invented revolutionary new technologies and, in the process, created immense global industries. If the United...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Aerospace Industries Association Board of Governors Meeting

Speeches
Good morning, and thank you for the warm introduction. Today is an exciting time for aerospace industries in America. The economy is strong. Tax cuts and deregulation are maximizing business opportunities and creating jobs. And domestic manufacturing is growing at an unprecedented rate. Over the last year, U.S. manufacturing added well over 300,000 jobs, the most since 1995. Under the Trump...

U.S. Secretary of Commerce Announces Henry Childs, II as National Director of the Minority Business Development Agency

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced that Henry Childs, II will be the new National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). Mr. Childs will be the 17 th National Director of the agency. Established by an Executive Order in 1969, MBDA is the only Federal agency solely dedicated to the growth and global competitiveness of U.S....

Commerce Showcases Contributions of Asian American and Pacific Islander-Owned Businesses on the U.S. Economy

Blog
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) celebrated Asian Pacific American Heritage Month (APAHM) with a day-long celebration Tuesday, May 15 featuring remarks from White House officials, panels focused on supplier partnerships and procurement, as well as discussions on the successes and challenges for millennial Asian American and Pacific Islanders (AAPI)....