Minority Business Development Agency

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Minority Business Development Agency

The Minority Business Development Agency works to support minority-owned businesses through business mentoring, help with obtaining loans and grants, promotion to the public and private sector, assistance with acquisitions, and more. As an agency of the U.S. Department of Commerce, the MBDA is heavily invested in promoting minority business enterprises (MBEs) as key elements of our national economy, helping minority business owners succeed in both national global commerce.

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Minority Business Development Agency Key Information:

Year Founded

1969

Headquarters

Washington, DC

Address

1401 Constitution Avenue, N.W., Washington, DC 20230 US

The Minority Business Development Agency Can Be Found At:

Recent News About the Minority Business Development Agency:

Minority Business Development Agency FAQs:

How do I find the Minority Business Development Agency Minority Business Center near me?

The Minority Business Development Agency operates 35 Minority Business Centers (located in areas that boast the highest concentration of minority-owned businesses) throughout the United States. To find one near you, visit the MBDA website's list of business centers. You can search using your zip code or scroll through the list to find your local Minority Business Center.

How can the Minority Business Development Agency help me?

In a number of ways: through the Minority Business Centers the MBDA assists minority-owned businesses in securing funding via helping business owners create comprehensive packages to apply for loans, grants, and private capital; the MBDA also helps minority business enterprises get access to bid for federal, state, and local government contracts.

Your local Minority Business Center can also help with expanding your market globally, and will provide business mentoring and consulting services to ensure your business stays healthy and grows accordingly.

How does the Minority Business Development Agency help minority-owned tech companies?

As part of their Inclusive Innovation Initiative the MBDA has created a process to support innovative minority business enterprises by helping them access the Federal Laboratory Consortium and go through the 7-step technology transfer process with federal labs. If you have an idea or product you'd like to take to market, you first clearly identify your research and development needs, then search the list of federal technologies that are available for licensing.

You'll work with the appropriate laboratory to determine the best path to interaction and navigate the contract process for transferring the necessary technology, and then you can develop and commercialize your concept. Read about the 7 steps to working with the federal innovation ecosystem on the MBDA site.

What is the MBDA National Minority Business Awards Program?

The National Minority Business Awards, presented by the U.S. Department of Commerce, recognize outstanding minority-owned businesses in a number of categories. These prestigious awards fall into three main categories: Minority-Owned Firms (which includes individual awards for all types of businesses), Champions of Minority Business Development, and Individual Recognition.

To learn more and to nominate a minority-owned business, visit the Minority Economic Development Week awards page.