Founder Richard Nixon | ||
 | ||
Annual budget US$30 million (2009)
US$32 million ( est. 2010)
US$32 million (est. 2011) Headquarters Washington, D.C., United States Parent organization United States Department of Commerce Profiles | ||
Minority business development agency business center launch
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 Latino, Asian, and African-American businesses. The current National Director is Alejandra Y. Castillo.
Contents
- Minority business development agency business center launch
- Minority business development agency
- History
- References
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.
Minority business development agency
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.