Thank you, Miguel, for that introduction and for your leadership at MBDA. And thank you to Cedric Richmond for joining us from the White House. And thanks to all our attendees for joining, and for your work to support minority business enterprises, which are crucial to our nation’s economic well-being, global competitiveness, and closing the wealth gap. At our previous MBDA stakeholder meeting, we...

The $300 million of technical assistance includes $100 million for the U.S. Department of Commerce’s Minority Business Development Agency to provide technical assistance to underserved entrepreneurs seeking greater access to capital, including venture capital financing. Today, the U.S. Department of the Treasury (Treasury) announced plans to deploy $300 million of State Small Business Credit...

Thank you, Peter, for that introduction, and thank you to Dr. Frederick and Howard University for hosting us today. And thank you, Vice President Harris and Administrator Guzman, for joining us. I’m excited to join all of you for today’s announcement. It builds on the Biden-Harris administration’s laser-focus on creating good-paying jobs for American workers. A very wise person, an inventor, once...

By U.S. Commerce Secretary Gina M. Raimondo The Department of Commerce has one overarching goal: To improve America’s economic competitiveness so that our workers and our companies succeed in the global economy. And Women’s History Month is a great time to showcase the achievements of women scientists, entrepreneurs, inventors, educators, and many others who have contributed to that goal and...

At the U.S. Department of Commerce , Women’s History Month is an opportunity to highlight the strength, tenacity, and determination of women in American society. It’s also a time to honor women business leaders and their contributions to the American economy and to encourage the next generation of female leaders to fully participate in economic opportunities available to build a more equitable...

This Black History Month, I have been reflecting on the words equity and opportunity, and the work that we at the U.S. Department of Commerce are doing to live up to their definitions and ensure that we create a 21st century economy that works for all Americans, but especially those who far too often have been overlooked or left behind. I come from a long line of small business owners, including...

Joint blog by the Minority Business Development Agency, the International Trade Administration, and the Bureau of Industry and Security Throughout the year, the Department of Commerce provides valuable assistance to inventors and minority-owned business enterprises across the United States, including small and medium-size firms that are important source of revenue and jobs in communities...

At the U.S. Department of Commerce, National Black History Month is an opportunity to shine a light on the legacies and achievements of those within the Black business community and to honor the significant cultural and economic contributions of Black Americans to our country. This is also a time to encourage greater participation and reaffirm our commitment to greater access to opportunity and...

As entrepreneurship month comes to a close, the Department of Commerce remains laser focused on creating opportunities for entrepreneurs to innovate across the U.S. While the majority of startups are within cities like Boston, New York and San Francisco, we at the Commerce department know that there are untapped sources of innovation within unconventional startup cities. We are committed to...

The Build Back Better Act will fund key Commerce initiatives and allow more Americans to fully participate in the economy thanks to critical investments in our care economy. Today, U.S. Secretary of Commerce Gina M. Raimondo issued the following statement following House passage of President Biden’s Build Back Better Act: “This week, President Biden made history by signing into law the largest...