The Minority Business Development Agency (MBDA) is part of the U.S. Department of Commerce and is the only federal agency created specifically to foster the establishment and growth of minority-owned businesses in America.

MBDA interactive web portal

MBDA’s Mission Statement

Vision Statement

The Minority Business Development Agency is dedicated to becoming an entrepreneurially focused and innovative organization, committed to empowering minority business enterprises for the purpose of wealth creation.

Mission Statement

MBDA’s mission is to achieve entrepreneurial parity for MBEs by actively promoting their ability to grow and compete in the global economy. MBDA is addressing challenges faced by MBEs by developing programs that provide the “keys to entrepreneurial success”:

1. Access to Financing

2. Access to the Marketplace

3. Access to Education

4. Access to Technology

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.

The Minority Business Development Agency’s headquarters is in Washington, DC.

Address: MBDA Headquarter’s

Minority Business Development Agency
1401 Constitution Avenue, N.W.
Washington, DC 20230

For more information about MBDA services or to request more information about MBDA, please call 1 (888) 324-1551. Based on your location, your call will be routed to the nearest MBDA Regional or District Office.