Minority Business Development Agency - U.S. Department of Commerce

#ICYMI: Today, Vice President Kamala Harris announced the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness Program. MBDA’s Capital Readiness Program is the largest-ever direct Federal investment in small business incubators and accelerators of its kind. “President Biden and I are fighting to ensure that every entrepreneur in America — no matter who they are or where they live — can access the capital to start or grow a business, create jobs, and thrive.” – Vice President Harris For more information, visit www.MBDA.gov/CRP

"On Women’s Equality Day, we recognize the courage of generations of visionaries who fought tirelessly for the sacred cause of women’s suffrage and all those who continue to work toward a more equitable future for women and girls in America." - President Joseph R. Biden Today, MBDA recognizes Women's Equality Day, and the immense and essential contributions women make to our nation and the world at large. Read the White House Proclamation on Women's Equality Day: https://ow.ly/Objr50T6BmX

Imagine being denied a $5K loan—only to later secure millions. That’s exactly what Karan Arora, President of NATURAL VITAMINS LABORATORY, CORP Vitamins Lab Vitamins Lab, experienced. Scaling a business isn't just about numbers—it's about accessing the right resources at the right time. For Mr. Arora, the game-changer was the Miami MBDA Business Center. Operated by M.Gill & Associates, Inc. and powered by the Florida MBDA Capital Readiness Program, the Miami MBDA Business Center is more than a resource—it's a launchpad for minority business enterprises (MBEs). They provide no-cost, high-impact technical assistance to help businesses in Florida, U.S. Territories, and beyond overcome obstacles and scale. As we celebrate the one-year anniversary of the MBDA Capital Readiness Program, Mr. Arora’s journey is a powerful testament: When MBEs tap into MBDA's ecosystem, they don't just grow—they transform industries. #WeAreMBDA #DiversityAndInclusion #BusinessCapital

Today is your last opportunity to nominate exceptional minority business enterprises and advocates for prestigious national recognition from the U.S. Department of Commerce! Submit your nomination for the 2024 National MED Week Awards before midnight at https://mbda.gov. #MEDweek #WeAreMBDA #Entrepreneurship #DiversityAndInclusion

Empowering minority business enterprises (MBEs) is the key to unlocking the full potential of our economy. Let’s honor the leaders who are actively bridging the opportunity gap. Nominate exceptional MBEs and advocates for the 2024 National MED Week Awards by this Wednesday, 8/21 and celebrate their impactful work. Visit https://mbda.gov to submit your nomination. Data source: https://lnkd.in/e98XQ6sz #WeAreMBDA #MEDWeek

The 2023 National MED Week Minority Business Enterprise (MBE) Firms of the Year are not just success stories – they're blueprints for innovation, resilience, and transformative growth. Let's celebrate these trailblazers: 🌟Gregg T. Reyes turned a single backhoe into Reytec Construction Resources, Inc, now a $900 million operation employing nearly 400. 🌟Dr. Anita Sengupta, former NASA engineer, is revolutionizing air travel with Hydroplane Limited’s zero-emission hydrogen fuel cell technology. 🌟Paul Mitchell and Dominik Mjartan of Optus Bank are closing the wealth gap, channeling 92% of loans to underserved communities. 🌟Teresa Myers leads Myers-Seth Pumps, Inc. (MSP) to new heights with 8 patents for cutting-edge dewatering pump technology. 🌟 Kusum Kavia elevated Combustion Associates, Inc. (CAI) from local consultancy to international powerhouse, with exports now over 40% of revenue. These visionaries are setting new standards and inspiring the next wave of entrepreneurs. Do you know an exceptional MBE or advocate that deserves recognition? Nominate them for a 2024 National MED Week Award by August 21st: https://mbda.gov #MEDWeek #WeAreMBDA #DiversityAndInclusion #Entrepreneurship

Don't miss your chance to recognize trailblazing minority business enterprises at the 2024 National MED Week Awards! Only one week remains to nominate the innovators who are breaking barriers, driving economic growth, uplifting communities, and igniting change. Submit your nominations by Wednesday, 8/21, at https://mbda.gov. #MEDweek #WeAreMBDA #Entrepreneurship #DiversityAndInclusion

This. This is what it’s all about. My favorite days are with my Team as we prepare to change the lives of our community. Tomorrow we are delivering over $200,000 in grants to women and minority business owners. If you told me when I was a single teen mom I would have the honor of signing the fronts of these checks someday - I wouldn’t have believed you. Thank you for capturing this, Mayra Gomez #YesSheCan #latinaswholead #livedexperience #bettertogether

The U.S. Department of Transportation (USDOT) Office of Small and Disadvantaged Business Utilization (OSDBU) announced the launch of its “Pathways to Entrepreneurship Program: Powering Small Businesses In Emerging Transportation Markets!” A one-day pilot program experience is available for this program on Tuesday, September 10, 2024, from 9 A.M. to 4 P.M. (EST) at the USDOT Headquarters at1200 New Jersey Ave., SE, Washington, D.C. A virtual live broadcast will be available to those unable to attend in person! For more information, and to register, visit ttps://https://lnkd.in/e-8rB33T

🎉Happy #CHIPS day!🎉 Today marks the second anniversary of the CHIPS and Science Act, a historic investment to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing and invest in American workers. Check out our progress. https://www.nist.gov/chips