The U.S. Department of Commerce’sÂ Minority Business Development Agency (MBDA), is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses.
Today, the agencyÂ announcedÂ $7.3 millionÂ in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned businesses nationwide. The grant recipients will establish MBDA Business Centers inÂ Baltimore,Â Bridgeport, Conn.,Â Houston,Â New York,Â San Francisco,Â St. Louis, andÂ Washington, DC, joining a network of 40 MBDA Business Centers acrossÂ the United StatesÂ and Puerto Rico.
“MBDA is committed to the continued success of all minority-owned firms, who strengthen the economy and create American jobs,” saidÂ David A. Hinson, MBDA National Director. “These new centers will expand the number of front-line business experts we have providing resources to minority-owned businesses to help grow economies in more cities across the U.S.”
The recipients of theÂ $7.3 millionÂ in grants include the following organizations:
- TheÂ City of BaltimoreÂ ($900,000)Â to operate the MBDA Business Center inÂ Baltimore
- Houston Community CollegeÂ ($900,000)Â to operate the MBDA Business Center inÂ Houston
- South Bronx Overall Economic Development Corporation ($1.5 million) to operate the MBDA Business Center inÂ New York City
- ASIAN Inc. ($1.2 million) to operate the MBDA Business Center inÂ San Francisco
- Chicago Minority Supplier Development CouncilÂ ($900,000)Â to operate the MBDA Business Center inÂ St. Louis
- Performance-Based SolutionsÂ ($900,000)Â to operate the MBDA Business Center inÂ Washington, D.C.
- Greater New England Minority Supplier Development CouncilÂ ($1,020,000)Â to operate the MBDA Business Center inBridgeport, Conn., which will focus on the American Indian and Alaskan Native business community
The organizations will receive federal funds over a three-year period, except for the Greater New England Minority Supplier Development Council, which will receive funds over a four-year period. The funds became effectiveÂ September 1, 2013. MBDA will make additional announcements regarding site selections and when the new centers will open once details are available.