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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sba.gov
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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, Empire State Development and Miami DDA.
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, DC, US.
How many employees does Minority Business Development Agency have?
Minority Business Development Agency has 50 employees as of Feb 4, 2024.
Classification
- Geographic Exposure
- Main Product
- 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