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Today, the Minority Business Development Agency (MBDA) announced that Under Secretary Donald “Don” Cravins will be stepping down from his role as MBDA Under Secretary. Under Secretary Cravins was the first-ever Under Secretary to lead the bureau, which operates within the Department of Commerce. During his tenure, the agency helped minority business enterprises secure more

“One year ago today, I was sworn in as the first-ever Under Secretary of Commerce for Minority Business Development. I took this job to make a difference – for this Nation and for its minority and underserved businesses, and I am proud to say we have accomplished a great deal thus far. To everyone who

The Capital Readiness Program represents the Commerce Department’s largest investment in support of underserved entrepreneurs.

“It is an honor to serve America’s minority-owned businesses in this role. Growing up in South Texas and serving vulnerable communities across the country has allowed me to witness first-hand the inequities that keep minorities from their full potential,” says Deputy Under Secretary Cavazos. “In my service to the MBDA and this Administration, I will aim to be a change agent for minority businesses and help evolve their generational wealth.”

The American Rescue Plan Act (ARPA) provided Treasury with $500 million to deploy technical assistance (TA) for underserved entrepreneurs to access $10 billion in State Small Business Credit Initiative (SSBCI) funding. $100 million of that amount has been transferred to MBDA to assist with this effort. Before the end of the year, MBDA plans to

The Minority Business Development Agency (MBDA) is honored to celebrate Minority Enterprise Development (MED) Week in partnership with the National Minority Supplier Development Council at the 2018 NMSDC Conference and Business Opportunity Exchange. MBDA will present a series of Powered by MBDA workshops and seminars at the conference that will focus on Federal Government resources including

Since our earliest days, hardworking entrepreneurs have driven our Nation’s prosperity.  During Minority Enterprise Development Week, we recognize the contributions that minority owned businesses make to our economy and our way of life, and we strive to ensure that small business owners have access to the resources they need to achieve the American Dream.  The