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Minority Business Development Agency
AddedFeb 15, 2024
UpdatedJun 28, 2026
Minority Business Development Agency

Minority Business Development Agency

Operating

MBDA: A US Commerce division fostering growth and competitiveness of minority-owned businesses.

Founded
1969
Location
Washington, D.C., DC, US
Overview
Compare
Employees
Website

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.

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Small Business Administration logo

Small Business Administration

sba.gov

Department Of Commerce logo

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commerce.gov

U.S. Economic Development Administration logo

U.S. Economic Development Administration

eda.gov

Empire State Development logo

Empire State Development

esd.ny.gov

Providence Economic Development Partnership logo

Providence Economic Development Partnership

Miami DDA logo

Miami DDA

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Montgomery County Department of Economic Development logo

Montgomery County Department of Economic Development

Ohio Development Services Agency logo

Ohio Development Services Agency

North Dakota Department of Commerce logo

North Dakota Department of Commerce

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Small Business Innovation Research logo

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Washington State Department of Commerce logo

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Minority Business Development Agency - Quick Facts

What organizations are similar to Minority Business Development Agency?

Organizations similar to Minority Business Development Agency include Small Business Administration, Department Of Commerce, U.S. Economic Development Administration and Empire State Development.

When was Minority Business Development Agency founded?

Minority Business Development Agency was founded in 1969.

Where is Minority Business Development Agency's headquarters located?

Minority Business Development Agency's headquarters is located in Washington, D.C., DC, US.

When was Minority Business Development Agency's last funding round?

Minority Business Development Agency's most recent funding round was for $10k (USD) in November 2021.

How much has Minority Business Development Agency raised to-date?

As of Nov 1, 2021, Minority Business Development Agency has raised a total of $10k (USD).

How many employees does Minority Business Development Agency have?

Minority Business Development Agency has 50 employees as of Feb 4, 2024.

Minority Business Development Agency - Classification

Geographic Exposure
  • United States
Customer
  • Enterprise
  • Government
  • Non-Profit
  • Small Business
Main Product
  • Business Development
NAICS
  • 922000Justice, Public Order, and Safety Activities
  • 922100Justice, Public Order, and Safety Activities
  • 922190Other Justice, Public Order, and Safety Activities
  • 920000Public Administration
SIC
  • 9200Justice, Public Order, And Safety
  • 9220Public Order And Safety
  • 9229Public Order And Safety, Not Elsewhere Classified
Show 6 more industry codes
NAICS
  • 921000Executive, Legislative, and Other General Government Support
  • 921100Executive, Legislative, and Other General Government Support
  • 921110Executive Offices
SIC
  • 9100Executive, Legislative, And General Government, Except Finance
  • 9110Executive Offices
  • 9111Executive Offices