Minority Business Development Agency

Minority Business Development Agency

Seal of the Minority Business Development Agency
Agency overview
Formed	1969; 55 years ago (1969)
Headquarters	Washington, D.C.
Employees	50-100
Annual budget	US$30 million (2009) US$32 million (est. 2010) US$32 million (est. 2011) US$34 million (est. 2017)
Agency executive	Eric Morrissette, Acting Under Secretary of Commerce for Minority Business Development
Parent agency	U.S. Department of Commerce
Website	www.mbda.gov

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, including Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses.^[1] The current Under Secretary is Eric Morrissette, who is serving in an acting capacity, and the current Deputy Under Secretary is Jessica Cavazos.

MBDA's stated mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, access to contracts and access to market opportunities - both domestic and global. The main feature of the organization and its site is to provide business consulting services to minority business owners.^[2]