Minority Business Development Agency (MBDA)

The Minority Business Development Agency (MBDA) is part of the U.S. Department of Commerce. Its primary mission is to promote the growth and competitiveness of minority-owned businesses. MBDA provides resources such as funding, business advice, and access to networks that help these businesses succeed. By focusing on entrepreneurship in underserved communities, the agency aims to build wealth and create jobs, supporting economic equity and diversity in the American economy. In essence, MBDA helps minority entrepreneurs overcome barriers and achieve their business goals.