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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 Deputy Secretary of Commerce Don Graves at Minority Enterprise Development (MED) Week

Speeches
Hello everyone! I’m honored to join you all here at MED Week. I’m particularly pleased to welcome not only our federal partners, members of the Department of Commerce family, and our minority businesses to this gathering, but also our friends from the National Minority Supplier Development Council, who have teamed up with MBDA for the first time this year to commemorate this historic milestone for...

Unlocking the Full Potential of Our Economy by Investing in Women and Girls

Blog
Eleven years ago today, the United States joined nations around the world in establishing the International Day of the Girl to acknowledge the struggles facing young girls and strengthen their commitment to expanding resources and opportunities to help girls and women succeed and thrive. Today, First Lady Jill Biden hosted an event to honor 15 girls in the U.S. who are leading change by tackling...

Deputy Secretary Graves Remembers the Anniversary of Hurricane Maria and Highlights the Biden-Harris Administration's Ongoing Support for Puerto Rico's Reconstruction

Blog
This month marks the somber 6th anniversary of Hurricane Maria’s landfall on Puerto Rico, an unfathomable tragedy that shook the core of the island and left an indelible mark on its people. The scale of the disaster was overwhelming, and its impact will be felt for generations. Lives were lost, houses were flattened, infrastructure crippled, and essential services rendered inaccessible. Through my...

Commerce Department Offers Valuable Resources and Services for Hispanic Entrepreneurs and Hispanic-Owned Businesses

Blog
The Hispanic American community is deeply rooted in the history of the United States and is an integral part of the rich fabric of our nation. True to our mission of creating the conditions for economic growth and opportunity—for all Americans—the Commerce Department works every day to support and invest in the Hispanic business community to create jobs and promote economic growth. As of April 1...

Secretary Raimondo and Deputy Secretary Graves Address Commerce Initiatives that Promote Inclusive and Equitable Economic Growth for Latino Communities

Blog
In honor of Hispanic Heritage Month, U.S. Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves hosted Latino elected officials, leaders, and stakeholder organizations to solicit their input on Commerce initiatives that will assist in promoting inclusive economic growth for Latino communities. Both events took place at the Commerce Department where both Raimondo and Graves addressed the...

Biden- Harris Administration Announces Competition Winners for the Minority Business Development Agency’s Capital Readiness Program

Press releases
The Capital Readiness Program represents the Commerce Department’s largest investment in support of underserved entrepreneurs. Today, Vice President Harris announced the recommended awardees for the MBDA Capital Readiness Program. The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses. Once final awards are...

Remarks by Deputy Secretary Don Graves Meeting at the UnidosUS Annual Conference

Speeches
Hello everyone! I’m so honored to be here at the UnidosUS Annual Conference. The commitment shown by UnidosUS to achieve equity for all Americans, particularly those in the Latino community, cannot be overstated. This year’s theme, "The Power of US,” truly grounds our unity, collaboration, and shared progress across the impactful work everyone in this room does at all levels to create a fairer...

Remarks by Deputy Secretary of Commerce Don Graves at the Minority Business Development Agency's AANHPI Business Summit

Speeches
Thank you, Under Secretary Cravins, for that kind introduction. Hello everyone, and Happy Asian American, Native Hawaiian, and Pacific Islander Heritage Month! It is such an honor to be here at MBDA’s National AA and NHPI Business Summit. This event is so important, and we are grateful to MBDA for putting all of this together. I’m especially pleased to be joined here today by Congresswoman Chu, as...

Remarks by Deputy Secretary of Commerce Don Graves Before Roundtable with Young Men of Color Small Business Owners and Entrepreneurs

Speeches
Good afternoon everyone. Thank you, Madam Vice President, for having me here today to join in this important conversation. Seeing all of the business owners here today, I am reminded of my own family’s story. I know firsthand that America’s road to prosperity runs through our minority business communities. My four-time great-grandparents, former slaves, built a successful horse and buggy taxi...

Commerce's Minority Business Development Agency to Host 2023 National AANHPI Business Summit

Blog
400+ entrepreneurs and small business owners will gather to understand opportunities within the CHIPs and Science Act, staying competitive in a digital world, and accessing capital The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is celebrating Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month by hosting the National AANHPI Business Summit...