MBDA - Minority Business Development Agency

MBDA - Minority Business Development Agency

The MBDA - Minority Business Development Agency is part of the U.S. Department of Commerce. MBDA is the only federal agency instituted specifically to promote the establishment and growth of minority owned businesses in America. MBDA is focused on entrepreneurial and innovative programs committed to creating wealth in minority communities. The agency actively promotes the growth and competition of large, medium and small minority business enterprises (MBEs). MBDA actively arranges and influences public and private sector resources that facilitates project groups in support of its mission.

MBDA Established 1969

The Agency was established in 1969 by Executive Order. MBDA provides assistance to socially or economically disadvantaged groups who own or wish to start or expand their own businesses,including African Americans, Native Americans, Puerto Ricans, Spanish-speaking Americans, Eskimos, Aleuts, Asian Indians, Asian Pacific Americans and Hasidic Jews.

MBDA Regional Offices

MBDA's Headquarters is in Washington, D.C., where all activities are planned, developed, coordinated and evaluated. There are five Regional Offices:

Atlanta, Chicago, Dallas, New York and San Francisco and four District Offices where MBDA's staff oversee assistance and services in multi-state regions: Boston, Los Angeles, Miami and Philadelphia

Assistance is provided to socially or economically disadvantaged individuals who own or wish to start a business and for those business owners who wish to expand their business. Such persons include American Indian or Alaska Native, Asian, Black or African American, Hispanic or Latino, Native Hawaiian or other Pacific Islander and Hasidic Jew.

MBDA Funding through Minority Business Delelopement Centers

MBDA provides funding for a network of Minority Business Development Centers (MBDCs), Native American Business Development Centers (NABDCs), and Business Resource Centers (BRCs), and Minority Business Opportunity Centers (MBOCs) located throughout the Nation. The Centers offer a wide range of business services to minority entrepreneurs.

The MBDCs, NABDCs and BRCs provide minority entrepreneurs with one-on-one assistance in writing business plans, marketing, management and technical assistance along with financial planning to secure ample financing for business ventures. The Centers are staffed by business specialists who have the knowledge and practical experience needed to run successful and profitable businesses.

Minority Business Office Centers integrates Federal, State and Local Funding

The Minority Business Office Centers (MBOCs) are designed to integrate federal, state and local business resources to benefit minority business development. They identify business and economic opportunities in the community and leverage those opportunities to meet the needs of minority business enterprises (MBEs).

Business referral services are provided free of charge. However, the network generally charges nominal fees for specific management and technical assistance services.

The Centers are located in areas with the largest concentration of minority populations and the largest number of minority businesses. For the address of your nearest MBDC, NABDC, BRC, and MBOC, you can contact the MBDA Regional Office responsible for operations in your state.

MBDA - Minority Business Development Agency

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