Minority Business Development Agency
Encyclopedia : M : MI : MIN : Minority Business Development Agency
The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States' minority-owned businesses. The first and current National Director is Ronald N. Langston.
MBDA's stated mission is "to actively promote the growth and competitiveness of minority-owned businesses by providing access to public/private debt and equity financing, market opportunities, and management and business information; coordinating and leveraging public and private resources; and, facilitating strategic alliances."
History
On March 5, 1969, Richard Nixon wrote Executive Order 11458, establishing the Office of Minority Business Enterprise. In 1979, the agency was renamed the Minority Business Development Agency.Ronald N. Langston, was appointed the MBDA National Director by United States President George W. Bush on March 19, 2001.
External links
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