Lead by: Edith Jett McCloud
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