Minority-owned businesses that have been in business three or more years and with $1 million or more in annual revenue are the target clients for our services. High-growth industries such as green technology, clean energy, health care, infrastructure and broadband technology also are eligible for the MBDA program.
For 51 years, MBDA has promoted economic empowerment through entrepreneurship and helped MBEs gain greater access to capital, contracts, and new markets.
Our national network of MBDA Business Centers, Specialty Centers, and Projects better equip minority-owned businesses to create jobs, build scale and capacity, and increase revenues.
Economic prosperity for all American business enterprises.
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises.
MBDA invests in a national network of MBDA Business Centers, Specialty Centers, and Grantees. Our programs offer customized business development and industry-focused services to provide greater access to capital, contracts and markets.
Our clients are U.S. minority business enterprises (MBEs) owned and operated by African Americans, Asian Americans, Hasidic Jews, Hispanic Americans, Native Americans, and Pacific Islanders.
There are nearly
Employing more than
Generating more than
MBEs are fast-growing, innovative, and represented in every industry sector in the United States. MBDA promotes the growth of minority-owned businesses through the mobilization and advancement of public and private sector programs, policy, and research.
Minority Business Enterprises (MBEs) represent an essential local job source with 8.7+ million employees and are represented in many industries
555,638 Asian-owned businesses, with 23.9% (132,698) in the accommodation and food services sector – the largest receipts ($814.8 billion) among minority groups.
124,004 Black or African American-owned businesses with 32% (39,714) of these firms in the healthcare and social services industry.
The top sectors for Hispanic-owned firms include accommodation, construction, and food services.
Minority communities continue to experience the devastating impacts of business disruptions and economic hardships due to COVID-19 and civil unrest.
Demographics in America are changing rapidly. It is projected that America will be majority-minority by the year 2045.
Minority businesses will continue to play a vital role in contributing to the U.S. gross domestic product (GDP) and ensuring America’s global competitiveness.
As our economy reopens, intentionally spending money at minority-owned businesses will contribute to the economic sustainability and resilience of African American, American Indian, Asian American and Pacific Islanders, and Hispanic communities.