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Website. www.mbda.gov. 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 Georgia Statewide Minority Business Enterprise Center is funded by the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) and operated by the Enterprise Innovation Institute (EI2). The MBDA Business Center (MBC), Atlanta, Ga., is part of a national network of centers established to increase the number of minority ...
Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American.
The expanded Child Tax Credit included in the American Rescue Plan was a game-changer for Black small business owners and their employees. Child poverty rates for Black children dropped by 17.1% .
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion. Over 3. ...
A federal judge in Texas has ruled that the U.S. Minority Business Development Agency, founded during the Nixon administration, must avail itself to disadvantaged entrepreneurs of all races and ...
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