MBDA History

Capital Access Report

MBDA releases the Capital Access report “Disparities in Capital Access Between Minority and Non-Minority-Owned Businesses: The Troubling Reality of Capital Limitations Faced by MBEs”.  The report provides new findings on disparities in capital access between minority businesses and non-minority businesses after controlling for a number of factors including size of firm and credit worthiness among other.

Minority-owned firms Increased by 46 Percent to 5.8 Million between 2002 and 2007

MBDA and the U.S. Census Bureau announced that the number of minority-owned firms increased by 46 percent to 5.8 million between 2002 and 2007 according to data from the Preliminary Estimates of Business Ownership by Gender, Ethnicity, Race and Veteran Status: 2007, from the U.S. Census Bureau’s 2007 Survey of Business Owners.

Telecommunications Contract

MBDA assisted a team of African-American businesses to bid for a telecommunications contract. The team was composed of primary partners to Trillion Communications Corporation, A2D, Inc. and A-Plus Community Solutions that are working to increase broadband access in underserved communities. With the assistance of MBDA, Trillion Communications Corporation secured an $84 million procurement project creating 1,200 new jobs.

On September 15, 2009 the House of Representatives passed H. Res. 215, a resolution congratulating the Minority Business Development Agency on its 40^th anniversary and commending its achievements in foster the establishment and growth of minority businesses in the United States. View complete resolution.

The Minority Business Development Agency (MBDA) was originally established as the Office of Minority Business Enterprise by President Richard M. Nixon on March 5, 1969. By establishing a federal agency dedicated exclusively to minority business enterprise, President Nixon recognized the impact of minority businesses on the nation’s economy and on the general welfare of the country.