 Seal of the Minority Business Development Agency | |
| Agency overview | |
|---|---|
| Formed | 1969 |
| Headquarters | Washington, D.C. |
| Employees | 50-100 |
| Annual budget | US$30 million (2009) US$32 million (est. 2010) US$32 million (est. 2011) US$34 million (est. 2017) |
| Agency executive |
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| Parent agency | U.S. Department of Commerce |
| Website | www |
The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States' minority-owned businesses, including Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses.[1] The current Under Secretary is Eric Morrissette, who is serving in an acting capacity, and the current Deputy Under Secretary is Jessica Cavazos.
MBDA's stated mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, access to contracts and access to market opportunities - both domestic and global. The main feature of the organization and its site is to provide business consulting services to minority business owners.[2]
- ^ Boyd, Eugene (November 9, 2017). Minority Business Development Agency: An Overview of its History and Current Issues (PDF). Washington, DC: Congressional Research Service. Retrieved November 22, 2017.
- ^ "About MBDA". Minority Business Development Agency. Retrieved April 16, 2018.