Vision Statement

The Minority Business Development Agency vision is to function as an entrepreneurial organization serving entrepreneurs.

Mission Statement

The Minority Business Development Agency mission is to enhance the growth and expansion of minority business enterprises.

Strategic Direction

The long term goal of “Achieving entrepreneurial parity for minority business enterprises” is the benchmark by which MBDA’s critical Federal government role will be measured. Although businesses with revenues of $1 million or more constitute just 3% of the overall minority business community, these businesses are responsible for 66% of the total revenues of minority-owned enterprises and 54.4% of employment. In order to promote overall U.S. economic growth, it is critical to promote medium to large businesses enterprises that can have a significant impact on employment and the tax base in their communities. Increasing the number of medium and large minority businesses is in the short and long term strategic interest of achieving MBDA’s Vision of wealth creation. In pursuit of entrepreneurial parity, MBDA has established a Strategic Growth Policy. The Strategic Growth Policy is designed to address the issue of sustainable business value for firms of size operating in growth industries.

Programs focused on providing access to capital and markets will be the prime components of the Strategic Growth Policy.

A new paradigm for minority business development requires that the public and private sectors expand their present focus from outreach, certification, and dollars spent to include enabling minority business enterprises to achieve size, scale, scope, education, access to technology and capital. Minority business development services must be designed to create sustainable business values. In order to implement the new paradigm, MBDA will develop a more industry focused, data driven technical assistance approach to give minority business owners the tools essential for becoming first or second tier suppliers to corporate America and the Federal government in the new procurement environment. Sustainable value will translate into entrepreneurial parity and strategic growth through increased gross receipts, number of employees, size and scale of firms associated with minority business enterprise.