Minority Business Development Agency MBDA
:
Federal agency promoting the growth of businesses owned by ethnic minorities. Register on-line for assistance...
Business: Business and Society, Ethnicity and Business
Location
Minority Business Development Agency Headquarter's
1401 Constitution Avenue, N.W.
Washington, DC, Washington 20230United States
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-owned firms 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.
How Does MBDA Help Minority Businesses?
MBDA provides funding for a network of Minority Business Development Centers (MBDCs), Native American Business Development Centers (NABDCs), and Business Resource Centers (BRCs) located throughout the Nation. The Centers provide minority entrepreneurs with one-on-one assistance in writing business plans, marketing, management and technical assistance and financial planning to assure adequate financing for business ventures. The Centers are staffed by business specialists who have the knowledge and practical experience needed to run successful and profitable businesses.
What Do Centers Charge for Their Services?
Business referral services are provided free of charge. However, the network generally charges nominal fees for specific management and technical assistance services.
Where Are The Centers Located?
The Centers are located in areas with the largest concentration of minority populations and the largest number of minority businesses. For the address of your nearest MBDC, NABDC, BRC, and MBOC, you can view all of our centers here or you can contact the MBDA Regional Office responsible for operations in your state.
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