The Manila Times on Nostr: The Minority Business Development Agency Kicks Off 2025 With $11 Million in Technical ...
The Minority Business Development Agency Kicks Off 2025 With $11 Million in Technical Assistance Funding Competitions
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On January 15, 2025, the U.S. Department of Commerce's Minority Business Development Agency (MBDA) announced $11 million in federal funding competitions for technical assistance aimed at socially and economically disadvantaged entrepreneurs. The funding will support three programs: the MBDA Women's Entrepreneurship Program (WEP) with $2 million, the MBDA Rural Business Center Program with $4 million, and the Parren J. Mitchell Entrepreneurship Education Program with $5 million. Eric Morrissette emphasized the importance of these programs in addressing systemic barriers faced by minority business enterprises (MBEs) and promoting economic equity. MBEs represent over $7.1 trillion in untapped economic value, nearly one-third of the U.S. GDP.
#MinorityBusiness #Funding #Entrepreneurship #EconomicDevelopment #TechnicalAssistance #WomenEntrepreneurs #RuralBusinesses #Education #Mbda #UsGovernment
https://www.manilatimes.net/2025/01/16/tmt-newswire/globenewswire/the-minority-business-development-agency-kicks-off-2025-with-11-million-in-technical-assistance-funding-competitions/2039723
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On January 15, 2025, the U.S. Department of Commerce's Minority Business Development Agency (MBDA) announced $11 million in federal funding competitions for technical assistance aimed at socially and economically disadvantaged entrepreneurs. The funding will support three programs: the MBDA Women's Entrepreneurship Program (WEP) with $2 million, the MBDA Rural Business Center Program with $4 million, and the Parren J. Mitchell Entrepreneurship Education Program with $5 million. Eric Morrissette emphasized the importance of these programs in addressing systemic barriers faced by minority business enterprises (MBEs) and promoting economic equity. MBEs represent over $7.1 trillion in untapped economic value, nearly one-third of the U.S. GDP.
#MinorityBusiness #Funding #Entrepreneurship #EconomicDevelopment #TechnicalAssistance #WomenEntrepreneurs #RuralBusinesses #Education #Mbda #UsGovernment
https://www.manilatimes.net/2025/01/16/tmt-newswire/globenewswire/the-minority-business-development-agency-kicks-off-2025-with-11-million-in-technical-assistance-funding-competitions/2039723