The Minority Business Development Agency (MBDA) is the only federal agency established solely to create jobs through the growth and global competitiveness of minority-owned businesses in the United States. MBDA coordinates and leverages public- and private-sector resources to provide access to capital, contracts and markets.
MBDA administers a cooperative grant program that funds a nationwide network of MBDA Business Centers. These centers, operated by local public- or private-sector entities, provide a range of business consultation and technical services to minority-owned firms with revenues of $1.0 million or more and/or in high growth industries that are seeking to grow regionally, nationally and globally. Services include private equity and venture capital sourcing, surety bonding assistance, identification of procurement and competitive bid opportunities, merger and acquisition support, ready-to-export preparation and loan packaging.