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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.

Related Content

Remarks by U.S. Deputy Secretary of Commerce Don Graves at the MBDA InVision Tour: Tech Transfer & Small Business Innovation Research

Speeches
Thank you, Edith, for the kind introduction. Thank you to the Minority Business Development Agency, or MBDA, for organizing the InVision Tour, and thank you to our event partners at the Federal Laboratory and the Small Business Administration. It is my absolute honor and privilege to serve as Deputy Secretary of Commerce and to be part of the Biden-Harris Administration, which is not only...

Remarks by U.S. Deputy Secretary of Commerce Don Graves at NTIA's Tribal Broadband Program Webinar (Pre-Recorded)

Speeches
Thank you, Margaret, for that kind introduction and for your leadership. The COVID-19 pandemic exposed how wide the digital divide truly is for America’s indigenous communities when it comes to broadband access. In the 21st century economy, broadband access and affordability isn’t a luxury – it’s essential to everyday life. Yet, too often tribal lands lack basic cell service. And only half of your...

Nominations Open for 2021 National Minority Enterprise Development Week Awards

Blog
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is currently accepting nominations for their 2021 National Minority Enterprise Development (MED) Week Awards. These prestigious honors are presented during MBDA’s National Minority Enterprise Development Week—September 12-18, 2021—and celebrate the outstanding achievements of minority entrepreneurs, as well as individuals...

Inventors, Physicists and Entrepreneurs: Commerce Home to Diverse-Range of AANHPI Pioneers

Blog
The Department of Commerce is proud to join the Nation in recognizing the Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month, also known as Asian American Pacific Islander (AAPI) Heritage Month. Observed annually in May, AANHPI Heritage Month is a time to reflect upon and celebrate the remarkable role of the AANHPI community in our Nation’s history. It also is a time to...

Women-Owned Business Ownership in America on the Rise

Blog
The following is a cross-post from the U.S. Census Bureau Women-owned firms made up only 19.9% of all firms that employed people in the United States in 2018 but their numbers are growing. There were 6,861 more women-owned firms in 2018 than in 2017, up 0.6% to 1.1 million, according to the Census Bureau’s Annual Business Survey (ABS). Women-owned employer firms reported nearly $1.8 trillion in...

Women’s History Month is a Time to Sing the Praises of Enterprising Women of Color

Blog
The following is a cross-post from the Minority Business Development Agency (MBDA) Since 1987, March has been the time for our nation to pause to reflect on the amazing contributions of women who have set the stage, raised the bar, and made their distinctive mark on the advancement of minority business enterprises. Women’s History Month is a time to sing the praises of Enterprising Women of Color...

NTIA Announces Tribal Consultations on New Program to Increase Broadband Access Across Indian Country

Blog
The following is a cross-post from the National Telecommunications and Information Administration (NTIA) The Commerce Department's National Telecommunications and Information Administration (NTIA) is committed to increasing broadband Internet access across America, particularly in unserved and underserved communities. The recently enacted Consolidated Appropriations Act of 2021 provides new...

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...