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Monday, October 6, 2014

$1.4 Million Given to Local MBDA Business Centers in 9 Cities To Better Assist Minority Entrepreneurs

MBDA Funding

The U.S. Department of Commerce's Minority Business Development Agency (MBDA) recently announced they are investing another $1.425 million in nine Minority Business Development Centers around the country. The additional funding will help the centers better serve minority-owned businesses.

Where the funding went

The funding went to nine MBDA Business Centers located in Chicago, Phoenix, Puerto Rico, San Antonio, Atlanta, Cleveland, Detroit, Indianapolis and San Francisco. The money will better support job creation and growth of minority-owned businesses through promotion of U.S. exports, advanced manufacturing initiatives and an increase in technology.

MBDA Business Centers serve minority-owned businesses

There are more than 40 MBDA Business Centers located across the nation. Their purpose is to help minority entrepreneurs with business assistance, such as marketing, business management, technical assistance and financial planning. The centers are located strategically in areas with the largest concentration of minority populations and the largest number of minority businesses in order to better serve minority business communities.

The $1.425 investment was made by the U.S. Department of Commerce's Minority Business Development Agency (MBDA). This government agency is charged with helping to grow U.S. minority-owned businesses. Working through the Business Centers, the agency offers programs that promote growth and job creation among minority-owned businesses in the U.S.

For more information and the locations of MBDA Centers, visit www.mbda.gov/businesscenters