Minority Business Development Agency

Minority Business Development Agency
Agency overview
Seal of the Minority Business Development Agency
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]

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History

On March 5, 1969, President Richard Nixon issued Executive Order 11458, establishing the Office of Minority Business Enterprise. On October 13, 1971, President Nixon issued Executive Order 11625, which clarified MBDA's authority and expanded the scope of its operations.^[3] In 1979, the agency was renamed the Minority Business Development Agency.

The agency was cut in President Trump's FY18 executive budget,^[4] but subsequently restored in the President's FY19 budget - the only Federal agency to be restored after its proposed elimination.^[5]

On November 15, 2021, President Joe Biden signed the Infrastructure Investment and Jobs Act, which established the Minority Business Development Agency as a permanent agency. Prior to this, the agency was operating solely under Executive Order 11458.

National Minority Enterprise Development Week

The Agency holds National Minority Enterprise Development Week in the month of October, observed in the United States to recognize and celebrate the achievements and contributions of the minority business enterprise community.

President Ronald Reagan first recognized National MED Week in 1983.^[6] The week is formally celebrated each year by the Minority Business Development Agency, a U.S. government agency housed within the U.S. Department of Commerce.^[7]

On October 20, 2017, President Donald Trump issued a proclamation which officially designated October 22 through October 28, 2017 as National Minority Enterprise Development Week.^[8]^[9]

On October 24, 2017, President Trump recognized minority-owned businesses in the Oval Office during National MED Week, when he welcomed winners of the National MED Week Awards with Secretary of Commerce Wilbur Ross and MBDA Acting National Director Christopher A. Garcia.^[10]^[11]

References

^ Boyd, Eugene (November 9, 2017). Minority Business Development Agency: An Overview of its History and Current Issues (PDF). Washington, DC: Congressional Research Service. Retrieved November 22, 2017.
^ "About MBDA". Minority Business Development Agency. Retrieved April 16, 2018.
^ "Executive Orders". August 15, 2016. Retrieved April 16, 2018.
^ Gregory Krieg; Will Mullery (May 23, 2017). "Trump's budget by the numbers: What gets cut and why". CNN. Retrieved April 16, 2018.
^ "Efficient, Effective, Accountable: An American Budget Fiscal Year 2019" (PDF). whitehouse.gov. Retrieved April 15, 2018 – via National Archives.
^ "Remarks at a White House Ceremony Marking the Observance of Minority Enterprise Development Week, President Reagan". Minority Business Development Agency. March 28, 2012. Retrieved April 16, 2018.
^ "2017 National Minority Enterprise Development (MED) Week". Minority Business Development Agency. October 11, 2017. Retrieved April 16, 2018.
^ "Minority Enterprise Development Week, 2017". October 26, 2017. Retrieved April 16, 2018.
^ "Trump promises "jobs, jobs, jobs"". CBS News. New York City: CBS. October 24, 2017. Retrieved October 27, 2017.
^ "Trump says minority-owned firms to succeed 'especially with Trump as your president'". The Washington Times. Retrieved April 16, 2018.
^ "Trump promises "jobs, jobs, jobs"". CBS News. October 24, 2017. Retrieved April 16, 2018.

External links

v t e United States Department of Commerce
Headquarters: Herbert C. Hoover Building Gina Raimondo, Secretary of Commerce Don Graves, Deputy Secretary of Commerce
Deputy Secretary of Commerce	Economic Development Administration National Technical Information Service Minority Business Development Agency National Telecommunications and Information Administration
Under Secretary of Commerce for Economic Affairs	Bureau of the Census Federal Audit Clearinghouse Bureau of Economic Analysis
Under Secretary of Commerce for Industry and Security	Bureau of Industry and Security Office of Export Enforcement
Under Secretary of Commerce for Intellectual Property	United States Patent and Trademark Office
Under Secretary of Commerce for International Trade	International Trade Administration Commercial Service
Under Secretary of Commerce for Oceans and Atmosphere	National Oceanic and Atmospheric Administration Environmental Satellite, Data, and Information Service Marine Fisheries Service Ocean Service Weather Service Marine & Aviation Operations Oceanic & Atmospheric Research
Under Secretary of Commerce for Standards and Technology	National Institute of Standards and Technology

Richard Nixon

37th President of the United States (1969–1974)
36th Vice President of the United States (1953–1961)
U.S. Senator from California (1950–1953)
U.S. Representative for CA–12 (1947–1950)

Pre-presidency

Presidency
(timeline)

Foreign policy	International trips Nixon Doctrine Vietnam War Cambodian bombing Paris Peace Accords "Peace with Honor" Vietnamization Cold War period Linkage policy Tar Baby Option 1972 visit to China Shanghai Communiqué 1973 Chilean coup d'état Détente 1972 Moscow Summit Anti-Ballistic Missile Treaty SALT I Treaty Prevention of Nuclear War Agreement Threshold Test Ban Treaty Operation CHAOS Space exploration
Domestic policy	Family Assistance Plan Revised Philadelphia Plan Minority Business Development Agency Native American policy Alaska Native Claims Settlement Act Education Amendments of 1972 Federal Supplemental Educational Opportunity Grants Title IX Rehabilitation Act of 1973 Equal Educational Opportunities Act of 1974 Equal Employment Opportunity Act of 1972 National Cancer Act of 1971 End Stage Renal Disease Program Supplemental Security Income Health Maintenance Organization Act of 1973 Drug Abuse Prevention and Control Act Shafer Commission War on Drugs Drug Enforcement Administration Cannabis policy Federal Contested Elections Act Federal Election Campaign Act 1970 VRA Amendments District of Columbia Home Rule Act Legislative Reorganization Act of 1970 Congressional Research Service
Economic policy	Bank Secrecy Act Fair Credit Reporting Act National Highway Traffic Safety Administration Urban Mass Transportation Act of 1970 Federal-Aid Highway Act of 1973 Nixon shock Economic Stabilization Act of 1970 Smithsonian Agreement Occupational Safety and Health Act National Institute for Occupational Safety and Health Occupational Safety and Health Administration Permissible exposure limit U.S. Consumer Product Safety Commission Consumer Product Safety Act Lead-Based Paint Poisoning Prevention Act Poison Prevention Packaging Act of 1970 Public Health Cigarette Smoking Act Securities Investor Protection Act Securities Investor Protection Corporation Tax Reform Act of 1969 Alternative minimum tax Revenue Act of 1971 Congressional Budget and Impoundment Control Act of 1974 Agricultural Act of 1970 Farm Credit Act of 1971 Consolidated Farm and Rural Development Act of 1972 Agriculture and Consumer Protection Act of 1973 Federal Energy Administration Emergency Petroleum Allocation Act Emergency Daylight Saving Time Energy Conservation Act Trans-Alaska Pipeline Authorization Act
Environmental policy	Council on Environmental Quality Environmental Quality Improvement Act National Environmental Policy Act Environmental Protection Agency Clean Air Amendments of 1970 Clean Water Act Federal Insecticide, Fungicide, and Rodenticide Act National Ambient Air Quality Standards National Emissions Standards for Hazardous Air Pollutants New Source Performance Standards Noise Control Act Reorganization Plan No. 3 of 1970 National Oceanic and Atmospheric Administration Coastal Zone Management Act Coastal Zone Management Program Great Lakes Water Quality Agreement Marine Mammal Protection Act Marine Protection, Research, and Sanctuaries Act of 1972 Endangered Species Act of 1969 Endangered Species Act of 1973 Oil Pollution Act of 1973 Water Resources Development Act of 1974
Watergate	Timeline Operation Sandwedge Operation Gemstone Saturday Night Massacre CRP White House Plumbers Watergate Seven Enemies List list of opponents White House tapes United States v. Nixon (1974) Senate Watergate Committee impeachment process "I am not a crook" Resignation Pardon

Life and
politics

Books

Elections

U.S. House	1946 1948
U.S. Senate	1950
Vice Presidential	1952 campaign selection convention election transition 1956 campaign convention election
Presidential	1960 campaign primaries running mate selection convention debates election Kennedy transition 1968 campaign primaries running mate selection convention election 1972 campaign primaries convention election
Gubernatorial	1962