Minority Business Development Agency By: david clark

Lead by: Edith Jett McCloud

Website: http://www.mbda.gov/

Established: In 1969 under Richard Nixon when he signed executive order 11458

Why: To link minority-owned businesses with the capital, contracts, and markets they need to grow. To advocate and promote minority-owned business with elected officials, policy makers, and business leaders.

Duties and Responsibilities: The national MBDA regulates a grant program that funds a nationwide network of local MBDA. The centers owned by local public or private sector entities provide a range of business consultation or technical services to minority-owned businesses.

How it Attempts to Address Market Failures: It makes sure that minority owned businesses can succeed enough to have guaranteed competition.

Current Issues Addressed: To strengthen the value of minority owned businesses, improve the standard of living for ALL americans, to make sure that minority owned firms are fully participating in free enterprise system

Sources: http://www.mbda.gov/main/who-mbda/about-minority-business-development-agency


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