FOR IMMEDIATE RELEASE
April 19, 2012 |
Contact: MBDA Public Affairs
Email: public_affairs@mbda.gov |
Funds will establish a new MBDA Business Center in Memphis; Support Existing Centers in Houston, New Orleans
Washington, DC (April 19, 2012) - Today, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) announced $3.4 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned firms.
“One of my top priorities while at MBDA has been to expand the Agency’s reach so more minority-owned firms benefit from the expertise of our business centers,” said MBDA National Director David A. Hinson. “Establishing a presence in Memphis strengthens our ability to help the Delta region support minority-owned businesses and boost job creation, key priorities of the Obama Administration.”
The $3.4 million in funds will support the creation of an MBDA Business Center in Memphis, and also support existing Centers in Houston, Texas, and New Orleans, Louisiana. With the addition of Memphis, Tennessee, the Agency’s footprint covers twenty-six states and the District of Columbia and Puerto Rico.