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Minority business growth

Minority Business Enterprises (MBEs) are fast-growing, innovative, and represented in every industry sector in the United States. Minority-owned firms directly contribute to the U.S. economy and account for the creation of millions of U.S. jobs.

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Commerce Deputy Secretary Don Graves to Travel to Puerto Rico

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From February 6—10, U.S. Deputy Secretary of Commerce Don Graves will travel to San Juan, Puerto Rico to announce funding for Puerto Rico and address the importance of responding to the Economic Census, the official five-year measure of American business and the economy. Data provided by businesses fuels the most comprehensive economic statistics available, representing all U.S. industries and...

Biden-Harris Administration Announces More Than $33.5 Million in Internet for All Grants to 12 Minority-Serving Colleges and Universities

Press releases
The Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced today it has awarded 12 grants as part of the Connecting Minority Communities Pilot Program (CMC). Deputy Secretary of Commerce Don Graves and Assistant Secretary of Commerce for Communications and Information Alan Davidson announced the awards at Coppin State University (MD), one of the...

Commerce Deputy Secretary Don Graves Travels to Chicago and Promotes New Grant Competition Focused on Supporting Minority and Women Businesses and Entrepreneurs

Blog
On Friday, January 13, U.S. Deputy Secretary of Commerce Don Graves traveled to Chicago to highlight the recently announced Minority Business Development Agency’s Capital Readiness Program, a $93.5 million grant competition dedicated to helping minority, women, and other underserved entrepreneurs grow and scale their businesses. “Entrepreneurship is a pathway to the American Dream,” said Deputy...

Year in Review: Commerce’s Top Stories and Accomplishments of 2022

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As we welcome 2023, we reflect on some of the most popular stories, issues, and accomplishment from 2022. This past year, the Commerce Department remained at the forefront of many critical issues like no other time in history. Commerce played a central role in enacting President Biden's economic, trade, and innovation agenda to build a better America. One of the most important accomplishments of...

Secretary Raimondo Statement on Fiscal Year 2023 Appropriations

Press releases
U.S. Secretary of Commerce Gina Raimondo issued the following statement on the Fiscal Year 2023 appropriations for the U.S. Department of Commerce after President Joseph R. Biden, Jr. signed the Consolidated Appropriations Act, 2023 into law. “Once again, President Biden is showing that the United States government is capable of delivering on its promises to the American people and I congratulate...

Commerce Department’s Minority Business Development Agency Announces Nearly $100 Million to Expand Opportunities for Underserved Entrepreneurs

Press releases
The Capital Readiness Program grant competition marks the largest investment to support minority entrepreneurs and businesses from the Commerce Department Today, the U.S. Department of Commerce launched the Capital Readiness Program grant competition, which dedicates $93.5 million to help minority and other underserved entrepreneurs launch and scale their businesses. This program, administered by...

Readout of Deputy Secretary Graves' Meeting with Minister of Commerce, Trade and Industry Chipoka Mulenga of Zambia

Press releases
Today at the U.S.-Africa Business Forum, Deputy Secretary of Commerce Don Graves met with Minister of Commerce, Trade and Industry Chipoka Mulenga of Zambia. The two leaders discussed business environment reforms taking place in Zambia, and opportunities for U.S. small and medium-sized enterprises and diaspora-led firms to promote solutions in sustainable energy for agroprocessing, manufacturing...

Commerce Secretary Gina Raimondo Addresses White House Tribal Nations Summit and Announces New Commerce Department Efforts that Support Tribal Communities

Blog
Yesterday, Commerce Secretary Gina Raimondo virtually addressed the second White House Tribal Nations Summit and highlighted the Commerce Department’s efforts and commitment to ensuring that Tribal communities have the resources they need for economic growth including access to high-speed Internet. During her remarks, Secretary Raimondo announced the appointment of Shaun Deschene as the Commerce...

Ensuring Tribal Communities Have the Resources Needed for Economic Growth

Blog
Native American Heritage Month is a time to celebrate and honor the rich history and heritage of Native Americans and recognize their vast contributions to our country’s progress and to our economy. The Commerce Department is committed to ensuring that Tribal communities have the resources they need for economic growth. That commitment starts with high-speed internet. For too long, Tribal...

Breaking Ground in Design: MBDA Helps Support New Indigenous Projects

Blog
In honor of Native American Heritage Month, the U.S. Department of Commerce has recognized the extensive impact of Native American innovators, entrepreneurs, and minority business enterprises throughout the nation. As the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises, Commerce’s Minority Business Development Agency (MBDA) offers a...