- Advertisement -
Home Entrepreneurship Black Enterprise Partners With Federal Agency To Promote Opportunities For Black Owned...

Black Enterprise Partners With Federal Agency To Promote Opportunities For Black Owned Businesses

- Advertisement -

The Minority Business Development Agency (MBDA) is the only Federal agency charged with helping minority-owned business compete and succeed. The Agency works to “link minority-owned businesses with the capital, contracts, and markets they need to grow.” The Agency’s mission is commendable and needed but like any entity, has its limitations. Partnerships are key in business and thanks to a new agreement with Black Enterprise, many Black owned businesses could be better positioned to access the resources and expertise needed to grow.

Today only 2% of all minority businesses have annual gross revenue of $1 million or more. MBDA has programming and resources to help smaller companies but often, the reach and marketing just isn’t there. Most of the companies MBDA services are in fact Black owned and thus there is a natural interest for Black Enterprise. Black Enterprise will work with MBDA to help spotlight opportunities for Black entrepreneurs; MBDA will also be present this summer when Black Enterprise brings together more than 1,200 entrepreneurs at the Charlotte Convention Center June 19-22.

Through the partnership Black Enterprise hopes to help connect more Black Entrepreneurs to the many resources and programs available from the federal government. Historically, Black businesses have not received a fair shake from government, at any level. Even to this very day, Black owned businesses receive well below 5% of all federal contracting dollars awarded to private companies. Further, there are many other resources available to businesses that Black entrepreneurs are often unaware of. From training and coaching to how to navigate financing for startups, our tax dollars often pay for resources that we could benefit from but often know nothing about. Let’s hope that this new partnership bears tremendous fruit.

- Advertisement -
D'Juan Hopewell
I care about Black Power. Period. Currently working on creating jobs and funding new startups on the South Side of Chicago and writing here and there at HopewellThought.com. Follow me @HopewellThought.
- Advertisement -

Stay Connected

333,616FansLike
732,979FollowersFollow
220,589FollowersFollow
2,458FollowersFollow
2,988SubscribersSubscribe

Must Read

Black Woman Chef Launches National Meal Prep Delivery Service

She Makes Delicious is challenging everything we believe about Black women entrepreneurs and Black businesses. Traditionally, Black entrepreneurs have serviced a local,...
- Advertisement -

Black Lives Matter Murals Being Vandalized, Black People Shouldn’t Care

Black Lives Matter paintings in Fayetteville, North Carolina and New York City were recently vandalized. A mural of George Floyd was defaced...

Black Organization Buying Homes To Boost Black Homeownership

Urban League of Greater Madison President Ruben Anthony Jr. stands outside the organization's offices before announcing a $5 million program to help...

Ferguson BLM Activist To Be Missouri’s First Black Congresswoman

Cori Bush was active in protests after the death of Michael Brown in Ferguson. Bush is a mother, pastor and nurse, all...

Related News

Black Woman Chef Launches National Meal Prep Delivery Service

She Makes Delicious is challenging everything we believe about Black women entrepreneurs and Black businesses. Traditionally, Black entrepreneurs have serviced a local,...

Black Lives Matter Murals Being Vandalized, Black People Shouldn’t Care

Black Lives Matter paintings in Fayetteville, North Carolina and New York City were recently vandalized. A mural of George Floyd was defaced...

Black Organization Buying Homes To Boost Black Homeownership

Urban League of Greater Madison President Ruben Anthony Jr. stands outside the organization's offices before announcing a $5 million program to help...

Ferguson BLM Activist To Be Missouri’s First Black Congresswoman

Cori Bush was active in protests after the death of Michael Brown in Ferguson. Bush is a mother, pastor and nurse, all...

Hundreds Of NCAA Football Players Boycotting Season; Provide List of Economic And Safety Demands

NCAA football players in the PAC-12 Conference are threatening to boycott the upcoming season unless their economic, safety and social justice demands...
- Advertisement -

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here