• Get in Touch
  • Get in Touch with our Support!
  • Privacy Policy
Tuesday, February 7, 2023
OvaNewsBlast.com
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment
No Result
View All Result
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment
No Result
View All Result
OvaNewsBlast.com
No Result
View All Result

Minority Business Development Agency Permanently Authorized in Bipartisan Infrastructure Deal – The Suburban Times

November 19, 2021
in Business
Reading Time: 2min read
A A
Hello, I’m looking for Honors, Awards, and Scholarships – The Suburban Times
0
SHARES
0
VIEWS
Share ShareShareShareShareShare

City of Tacoma announcement.

TACOMA, Wash. – The U.S. Department of Commerce recently announced that the Minority Business Development Agency (MBDA) has been made permanent, and will be expanded and elevated with the passage of the Minority Business Development Act of 2021. This historic legislation allows the agency to increase their programs and outreach to the nation’s more than 9 million minority-owned businesses. 

Embedded within the City of Tacoma’s Community and Economic Development Department since September 2016, the MBDA Washington Business Center has served more than 580 established minority business enterprises owned by the following individuals or groups in the Pacific Northwest region: African Americans, Hispanic Americans, Asian and Pacific Islander Americans, Native Americans, Asian Indian Americans and Hasidic Jewish Americans.

“We are tremendously encouraged by President Joe Biden’s commitment to helping minority business enterprises in the Pacific Northwest, and across the nation, recover from the current pandemic,” said Tacoma Mayor Victoria Woodards. “Making the MBDA permanent with the passage of this historic legislation heralds the beginning of a transformative new era, one where minority business enterprises can grow and thrive well into the future.” 

“The MBDA Washington Business Center is pleased with this vote of confidence in the critical work that we do to help minority business enterprises access capital, contracts and business ecosystems,” said MBDA Washington Business Center Director Linda Womack. “We are at an important juncture, and this legislation is vital to our future success.”

The Minority Business Development Act of 2021 expands the geographic reach of the MBDA by authorizing the creation of additional regional MBDA offices, rural business centers, and increasing the number and scope of existing programs. It also: 

  • Creates a presidentially appointed and Senate-confirmed Under Secretary of Commerce for Minority Business Development to lead the agency 
  • Increases the MBDA’s grant-making capacity to partner with community and national non-profits engaged in private and public sector development as well as research 
  • Mandates the creation of the Parren J. Mitchel Entrepreneurship Education Grants Program to cultivate the next generation of minority entrepreneurs on the campuses of Historically Black Colleges and Universities (HBCUs) and Minority Serving Institutions (MSIs) across the nation 
  • Creates a council to advise the Under Secretary on supporting minority business enterprises 
  • Authorizes the Under Secretary to coordinate federal minority business enterprise programs  

The MBDA will report on the implementation milestones of the Minority Business Development Act of 2021 at mbda.gov. Information regarding MBDA work taking place in the Pacific Northwest region will continue to be available at mbda-tacoma.com.

Credit: Source link

ShareTweetSendSharePinShare
Previous Post

Ryan Boyer elected first Black leader of Building Trades Council | Local News

Next Post

‘King Richard’ shows that Will Smith is still Hollywood royalty

Next Post
‘King Richard’ shows that Will Smith is still Hollywood royalty

'King Richard' shows that Will Smith is still Hollywood royalty

  • Trending
  • Comments
  • Latest
Black box economics: Russia’s internal struggle over classified financial data

Black box economics: Russia’s internal struggle over classified financial data

January 29, 2023
Blackstone Charitable Foundation Commits $5 Million To Five New Colleges in Florida, Including New Historically Black College and University and Hispanic Serving Institutions

Blackstone Charitable Foundation Commits $5 Million To Five New Colleges in Florida, Including New Historically Black College and University and Hispanic Serving Institutions

December 8, 2022
Ex-Marine, Incoming President of Aflac Shares How Grit and Doing Grunt Work Propelled Him

Ex-Marine, Incoming President of Aflac Shares How Grit and Doing Grunt Work Propelled Him

December 8, 2022
ESSENCE Girls United Summit is Returning to Empower The Next Generation of Black Leaders | Business

Dr. Tameka Bradley Hobbs Selected as New Manager of African American Research Library and Cultural Center | Business

December 8, 2022
Reviving Roots Therapy and Wellness – MSR News Online

Reviving Roots Therapy and Wellness – MSR News Online

December 2, 2022
Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

February 6, 2023
Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

February 6, 2023
Black Woman Makes History, Wins First Place in Ms. Wheelchair 2023 Pageant

Black Woman Makes History, Wins First Place in Ms. Wheelchair 2023 Pageant

February 6, 2023
MFAH Gordan Parks’ Stokely Carmichael and Black Power Exhibit

MFAH Gordan Parks’ Stokely Carmichael and Black Power Exhibit

February 5, 2023
Xavier Houston Alumni Mardi Gras Gala

Xavier Houston Alumni Mardi Gras Gala

February 5, 2023

Recent News

Films, presentations, discussions planned for Black History Month in Grand Valley | Entertainment

Films, presentations, discussions planned for Black History Month in Grand Valley | Entertainment

February 2, 2023
TCU’s College Marching Band Makes History With Grammy Nomination – NBC New York

TCU’s College Marching Band Makes History With Grammy Nomination – NBC New York

February 1, 2023
Highlighting Black sports journalists – The Prospector

Highlighting Black sports journalists – The Prospector

February 1, 2023
Blue Byrd’s to receive Ulster Chamber’s Black Business Excellence Award – Daily Freeman

Blue Byrd’s to receive Ulster Chamber’s Black Business Excellence Award – Daily Freeman

January 31, 2023
OvaNewsBlast.com

A reliable source for African American news, from a different lens. Yours. News about us, by us.

Follow Us

Recent News

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

Retailers try to curb theft while not angering shoppers – ABC 10 News San Diego KGTV

February 6, 2023
Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

Proud Dad Celebrates Son Who Became a Pilot After 11 Years of Studying

February 6, 2023

Topics to cover !

  • African Americans
  • Business
  • Entertainment
  • News
  • Sports
  • Technology
  • Get in Touch
  • Get in Touch with our Support!
  • Privacy Policy

© 2020 ovanewsblast.com - All rights reserved!   Download Our App   Read News on odbnewsblast.com

No Result
View All Result
  • Home
  • News
  • African Americans
  • Business
  • Sports
  • Technology
  • Entertainment

© 2020 ovanewsblast.com - All rights reserved!   Download Our App   Read News on odbnewsblast.com