Minority Business Development Agency

Indra Nooyi became the first South Asian American CEO of a Fortune 500 company at PepsiCo in 2006. She was named chief financial officer in 2000, president in 2001, and chairman of the board in 2008.

The page marks the 26th anniversary of Martin Luther King Jr. Day of Service and recognizes Dr. King’s work for civil and economic equality. It describes the Minority Business Development Agency (MBDA) as the only federal agency solely dedicated to establishing and growing minority-owned businesses.

Since 1987, March has been a time to recognize women’s contributions to the advancement of minority business enterprises. The page describes Women’s History Month as celebrating women of color in entrepreneurship.

document.onreadystatechange = function() { location.replace("https://www.mbda.gov/2020-year-in-review")}

The MBDA Minute Newsletter ArchiveThe MBDA Minute - 2025MBDA Minute: JAN

The company provides news and insights on business trends.

The Minority Business Development Agency (MBDA) traces its origins back to March 5, 1969, when President Richard M. Nixon established it as the Office of Minority Business Enterprise.

The company links minority-owned businesses with capital, contracts, and markets, and advocates for them with elected officials, policymakers, and business leaders.

MBDA is the only federal agency tasked with promoting the growth and competitiveness of minority-owned businesses.