Minority Business Development Agency


Minority Business Development Agency
Minority Business Development Agency
US-MinorityBusinessDevelopmentAgency-Logo.svg
Seal of the Minority Business Development Agency
Agency overview
Annual budget US$30 million (2009)
US$32 million ( est. 2010)
US$32 million (est. 2011)

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. The current National Director is David A. Hinson.

MBDA's stated mission is to actively 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.

The agency's Fiscal Year 2009 budget is $29,000,000.

History

On March 5, 1969, Richard Nixon wrote Executive Order 11458, establishing the Office of Minority Business Enterprise. In 1979, the agency was renamed the Minority Business Development Agency.

Ronald N. Langston, was appointed the MBDA National Director by United States President George W. Bush on March 19, 2001.

David A. Hinson was appointed the MBDA National Director by President Barack Obama in July 2009.

External links

Resources

Alkalimat, Abdul. The African American Experience in Cyberspace. Pluto Press, 1994.


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