Minority Business Development Agency
US Department of Commerce division for marginalized ethnic groups / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Minority Business Development Agency?
Summarize this article for a 10 year old
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 current Under Secretary is Eric Morrissette, who is serving in an acting capacity, and the current Deputy Under Secretary is Jessica Cavazos.
Agency overview | |
---|---|
Formed | 1969; 55 years ago (1969) |
Headquarters | Washington, D.C. |
Employees | 50-100 |
Annual budget | US$30 million (2009) US$32 million (est. 2010) US$32 million (est. 2011) US$34 million (est. 2017) |
Agency executive |
|
Parent agency | U.S. Department of Commerce |
Website | www |
MBDA's stated mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, access to contracts and access to market opportunities - both domestic and global. The main feature of the organization and its site is to provide business consulting services to minority business owners.[2]