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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

U.S. Commerce Deputy Secretary Don Graves Meets with Members of Multiple Sectors and Community-Led Organizations, Announces Funding for Puerto Rico, and Urges Participation in the Economic Census

Blog
From February 6-9, U.S. Deputy Secretary of Commerce Don Graves traveled to Puerto Rico to meet with members of academia, public policy, government, community-led organizations, and the private sector -- including leaders of the construction, manufacturing, banking segments -- to discuss the outcome of December’s Puerto Rico Economic Dialogue. While in San Juan, the Deputy Secretary joined Puerto...

Puerto Rico Approved to Receive Federal Funding Through the State Small Business Credit Initiative to Support Small Business Financing Programs

Press releases
Treasury Department Announces Puerto Rico to Receive up to $109 Million to Promote Small Business Growth and Entrepreneurship through President Biden’s American Rescue Today, the U.S. Department of the Treasury announced Puerto Rico will receive up to $109 million in funding under the State Small Business Credit Initiative (SSBCI) in President Biden’s American Rescue Plan. Treasury has now...

Commerce Deputy Secretary Don Graves to Travel to Puerto Rico

Blog
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

Blog
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...