Minority Business Development Agency

The Minority Business Development Agency (MBDA) was established as a division of the United States Department of Commerce with the core mission of promoting the growth and competitiveness of minority-owned businesses. The agency focuses on supporting Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses through various programs and services designed to enhance their economic impact. MBDA offers business development services, access to capital, and market opportunities to help these businesses thrive in the competitive market.

Notable figures affiliated with MBDA include Don Cravins Jr., the current Under Secretary, and Jessica Cavazos, the Deputy Under Secretary. The agency has made significant strides in empowering minority entrepreneurs by facilitating billions in contracts and capital for minority-owned businesses. Through its initiatives, MBDA has played a crucial role in fostering economic diversity and inclusion, contributing to the overall growth and resilience of the U.S. economy.