#ICYMI: Today, Vice President Kamala Harris announced the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness Program. MBDA’s Capital Readiness Program is the largest-ever direct Federal investment in small business incubators and accelerators of its kind. “President Biden and I are fighting to ensure that every entrepreneur in America — no matter who they are or where they live — can access the capital to start or grow a business, create jobs, and thrive.” – Vice President Harris For more information, visit www.MBDA.gov/CRP
Minority Business Development Agency - U.S. Department of Commerce
Government Administration
Washington, DC 31,269 followers
Grow your business. Build the Nation.
About us
The Minority Business Development Agency (MBDA) at the U.S. Department of Commerce is the only federal agency dedicated to advancing the establishment and growth of minority business enterprises in the United States. Through a network of minority business centers and strategic partners, MBDA works with minority entrepreneurs who wish to grow their businesses in size, scale and capacity. These firms are then better positioned to create jobs, impact local economies and expand into national and global markets. MBDA has spent more than four decades increasing the competitiveness of minority firms.
- Website
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http://www.mbda.gov
External link for Minority Business Development Agency - U.S. Department of Commerce
- Industry
- Government Administration
- Company size
- 51-200 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1969
- Specialties
- Business Development, Technical Assisitance, Financial Assistance, Global Business Development, Access to Capital, Finance Management, Access to Contracts, Access to Markets, and Strategic Business Consulting
Locations
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Primary
1401 Constitution Avenue, N.W.
Washington, DC 20230, US
Employees at Minority Business Development Agency - U.S. Department of Commerce
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Jeannette A. Gerald
Business Development Executive, and Strategic Advisor to clients driving the domestic and global economies.
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Lamar Heystek
President, ASIAN, Inc.
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Leopoldo Martinez Nucete
International lawyer, social entrepreneur, and experienced policy professional focused on economic equity and Latino empowerment. Presidential…
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Melvin Tabilas
Minority Business Development Agency - U.S. Department of Commerce
Updates
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What if your startup could secure a $65,000 grant and quadruple its customer base—just like Stuart P. Lott did with the support of Capital Readiness Program awardee Epicenter Memphis? With a mission to fuel economic development and champion inclusive innovation, Epicenter supports new and fast-growing businesses in industries such as supply chain, med tech, and advanced manufacturing. Epicenter’s community ensures entrepreneurs like Stuart have the resources they need at every stage, from refining business plans to accessing capital. Through their guidance, Stuart’s company, Backbone Technologies, Inc not only secured critical funding but also surpassed growth targets while uplifting Black-owned businesses. #WeAreMBDA #MEDweek #AccessToCapital #Entrepreneurs
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Yesterday, the Biden-Harris Administration held a Latino Economic Virtual Townhall to highlight the Administration's commitment to fostering economic equity among the Latino community across the country. Through initiatives like the Investing in America Agenda and support from agencies like the Department of Treasury, MBDA, and U.S. Small Business Administration, monumental resources have been directed toward enhancing economic opportunities for Latino entrepreneurs. Testimonials from Latino business owners and leaders took place and included that of Executive Director of Ventures Non Profit, a Capital Readiness Program awardee, Monique Valenzuela. The townhall spotlighted how federal efforts have trickled down and impacted their operations and growth. #MBDA #CRP #Ventures
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Did you know there are $500 billion in federal grant opportunities available each year? MBDA is turning this potential into reality for minority business enterprises (MBEs) by funding organizations that run Business Centers nationwide. These centers offer everything from expert business advice and contract assistance to financial support, helping MBEs build capacity and reach new markets. Make sure to follow along as we share live updates on our social channels from the 2024 National MED Week Oct. 20-26, where we’ll explore the innovative ways we’re expanding access to capital and driving business growth for MBEs nationwide. https://lnkd.in/g-mg_q5e
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The 2024 National MED Week will unite industry leaders, government officials, and minority business enterprises (MBEs) in Atlanta from October 20-26! National MED Week is a key forum where these change-makers will converge to catalyze transformative growth for the MBE community. Attendees can expect to engage in impactful discussions, exclusive workshops, and strategic sessions designed to position MBEs for long-term success. Follow along on our social channels, where we’ll provide real-time updates, invaluable resources, expert insights, and announcements throughout the event! #WeAreMBDA #MEDWeek
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Today, MBDA's Chief Operating Officer, Donald Smith, joined representatives from the Center for American Entrepreneurship, U.S. Small Business Administration, and the Illinois Department of Commerce & Economic Opportunity on a panel at The Venture Equity Summit led by the Nasdaq Entrepreneurial Center and JPMorganChase. The panel, "Supporting Underrepresented Founders Through Policy and Programs", convened leaders to share new models and insights in support of underrepresented entrepreneurs and venture capital fund managers. #WeAreMBDA #NasdaqEntrepreneurialCenter #JPMorganChase #VentureEquitySummit
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Minority Business Development Agency - U.S. Department of Commerce reposted this
Throughout #HispanicHeritageMonth we asked our Commerce colleagues about the meaningful ways they celebrate with their families. Here are their inspiring responses. #HHM
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As President of Indeed Construction Clean Up, Jacklyn Enriquez transformed her business dream into a $1.7 million success story, making waves in the construction field where women make up just 10.9% of the workforce. With the support of the Los Angeles MBDA Business Center, Jacklyn secured a major contract with AECOM/Turner Construction for the Intuit Dome project. Her partnership with MBDA helped her navigate the industry, connect with key decision-makers, and showcase her company’s excellence. Today, Indeed Construction Clean-up stands tall as a testament to what’s possible when collaboration and determination come together. As we celebrate Hispanic Heritage Month, Jacklyn's success not only breaks barriers for women in construction but also highlights the vital contributions of Hispanic entrepreneurs to our economy. Read more about her journey with MBDA here: https://lnkd.in/ec7waxJZ #WeAreMBDA #HispanicHeritageMonth #Entrepreneurship
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Empowering women in the military community was the focus at the recent Women Veteran & Military Spouse Founders Forum, that featured Deputy Under Secretary Eric Morrissette, and industry leaders Barb Carson, Michelle Buonfiglio, and Meghan Ogilvie. They shared actionable resources with attendees to help them navigate the unique challenges faced by women veteran and military spouse entrepreneurs. To learn more about Veterans and Military Families Veteran Capital Readiness (V-CAP) Initiative, watch: https://lnkd.in/eqdMxC9z Special thanks to Syracuse University, an MBDA Capital Readiness Program (CRP) awardee, and their D'Aniello Institute for Veterans & Military Families for empowering minority-led businesses, ensuring they have the tools necessary to thrive. #WeAreMBDA #CRP #AccessToCapital #DAnielloInstitute
D’Aniello Institute for Veterans and Military Families Veteran Capital Readiness (V-CAP) Initiative
https://www.youtube.com/
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There's no one-size-fits-all formula for business success. That’s why The Entrepreneurship Center (TEC) crafts bespoke solutions for each entrepreneur, ensuring personalized pathways to success. Serving Georgia-based business owners, TEC offers tailored guidance through its Metro Atlanta Capital Readiness Program. This initiative is specifically designed for minority business enterprises seeking capital and growth opportunities. TEC’s approach includes: 🔹 One-on-one coaching 🔹 Accelerator programs 🔹 Business certifications & procurement assistance 🔹 Comprehensive needs assessment 🔹 Strategic partnerships In just a few months, this program has already seen success, with one construction entrepreneur securing a $50,000 line of credit after completing the accelerator program. TEC provides the mentorship, training, and capital access needed for businesses to grow. Learn more: https://lnkd.in/em9zneVR #WeAreMBDA #BusinessCapital #Entrepreneurship