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Minority Business Development Agency (MBDA) Grants (State and Local Programs) is sponsored by Various State and Local Agencies (through MBDA support). The MBDA supports various state and local grant programs designed to aid minority-owned businesses with training, access to capital, and expansion opportunities. These grants are often distributed through MBDA Business Centers or partner organizations that assist minority entrepreneurs.
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Minority Business Development Agency (MBDA) Business Grants Minority Business Development Agency (MBDA) Business Grants Every year, the MBDA organizes various angel investors with the primary objective of supporting minority businesses with mezzanine and second round financing. 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. He recognized the impact of minority businesses on the nation's economy and on the general welfare of the country, and wanted to protect them. Today, the agency does just that via many grant funding programs that are designed to help keep minority businesses afloat.
In 2011, the agency supported the creation of 5,787 new jobs by assisting minority-owned businesses in obtaining nearly $4 billion in contracts and capital. Even more, MBDA's return on taxpayer investment (ROI) reached the highest level in the 43-year history of the Agency.
That same year, MBDA also successfully launched a newly redesigned MBDA Business Center program that combines the traditional Minority Business Enterprise Center (MBEC) and Minority Business Opportunity Center (MBOC) programs into one program. Via these center, grant funding is distributed every year with applications usually being accepted in the spring or summer.
The federal government offers thousands of grants with opportunities for companies from all backgrounds. At the federal level, SBA. gov provides limited small business grants.
State, county and city funded grants provide additional opportunities for small businesses. Find a grant based on your area. Some small business grant programs are confined to a specific entrepreneur demographic or business profile and they often have an application process that is easier to navigate.
View grants in your industry. General & Foundation Grants There are many nonprofit and corporate entities offering grants to small businesses. including National Association of Self-Employed , Halstead Grant , Foundation for a Just Society , and many more.
Complete your business profile to see available grants based on your business. Includes multiple grants, funding sources and low-cost loans that are intended to help minority-owned and women-owned businesses grow and be better represented in the ranks of American business owners such as Amber Foundation , MBDA , Operation Hope and others. Find out more
According to the current listing, eligibility includes: Minority-owned businesses. Specific eligibility criteria are determined by individual state and local programs supported by the MBDA. Confirm the full requirements in the official notice before applying.
Minority Business Development Agency (MBDA) Grants (State and Local Programs) is funded by Various State and Local Agencies (through MBDA support). Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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