U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Https

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Breadcrumb

  1. Home
  2. Issues

Minority business growth

Minority Business Enterprises (MBEs) are fast-growing, innovative, and represented in every industry sector in the United States. Minority-owned firms directly contribute to the U.S. economy and account for the creation of millions of U.S. jobs.

Related Content

Register for the 2022 Hispanic Innovation and Entrepreneurship Program

Blog
Do you want to learn about valuable tools available to inventors and entrepreneurs? Are you eager to be inspired and informed by accomplished Hispanic innovators? If so, make sure to attend the U.S. Patent and Trademark Office’s (USPTO) free, online 2022 Hispanic Innovation and Entrepreneurship Program on Wednesday, October 12 from 1-4 p.m. ET. Successful Hispanic innovators will discuss their...

Remarks by Deputy Secretary of Commerce Don Graves at the AmCham Romania Celebration

Speeches
Thank you, President Simion, for that introduction. Thank you to Charge d’Affaires Muniz, President of the Senate Gorghiu, Deputy Prime Minister Grindeanu, Deputy General Secretary Geoana, Under Secretary Fernandez, Honorable Ministers and Mayors, and all our distinguished guests for joining us. And thank you to AmCham Romania for organizing today’s event. AmChams are essential overseas partners...

Remarks by U.S. Secretary of Commerce Gina Raimondo at the 2022 National Minority Enterprise Development Week Conference

Speeches
Thank you, Under Secretary Cravins, for that introduction. We’re thrilled to have you on board as the Commerce Department’s first-ever Under Secretary for Minority Business Development. And I want to thank all of you − our minority business enterprises in particular – for being here for the first in-person MED Week Conference in two years. America has more than 9 million minority-owned firms that...

Commerce Department’s Minority Business Development Agency Awards $4.7 Million in Funding to Strengthen Business Centers Across U.S.

Press releases
Additional funding from Biden Administration brings total up to $37 million to bolster services that will help minority-owned businesses expand and prosper across 34 states Today, U.S. Secretary of Commerce Gina Raimondo announced that the U.S. Department of Commerce Minority Business Development Agency (MBDA) is extending an award for $4.72 million in federal funding to strengthen and expand its...

Minority Business Development Agency Awards $1.68 Million to Fund Innovative Access to Capital Projects for Minority-Owned Businesses

Press releases
The U.S. Department of Commerce Minority Business Development Agency (MBDA) has extended awards for the Access to Capital Innovative Finance Grant to two projects that will address historical barriers faced by minority business enterprises (MBEs). Through potentially disruptive, scalable solutions, these projects will leverage non-traditional financial resources (such as non-bank lenders, minority...

Remarks by Deputy Secretary of Commerce Don Graves at the 2022 National Minority Enterprise Development Week Conference

Speeches
Thank you, Under Secretary Cravins, for that introduction. I’m thrilled to welcome you all to the Minority Business Development Agency’s National Minority Enterprise Development Week Conference. As a descendant of one of America’s first Black patent-holders, I know firsthand how important it is to support minority entrepreneurs, innovators, and businesses. America has nearly 10 million minority...

Biden-Harris Administration Announces Groundbreaking Partnerships to Connect Small and Disadvantaged Businesses to Infrastructure Programs

Press releases
DOT Will Host Business Forum to Improve Access to Capital and Resources in the Bipartisan Infrastructure Law Today, the USDOT Office of Small and Disadvantaged Business Utilization (OSDBU), the U.S. Small Business Administration (SBA), and the U.S. Department of Commerce Minority Business Development Agency (MBDA) announced partnerships to help small and disadvantaged businesses access the...

FACT SHEET: Indo-Pacific Economic Framework for Prosperity Upskilling Initiative for Women and Girls

Fact sheets
On September 8, 2022, the U.S. Department of Commerce launched the IPEF Upskilling Initiative primarily for women and girls in support of the objectives of the Indo-Pacific Economic Framework for Prosperity (IPEF) to achieve sustainable and inclusive economic growth while advancing greater competitiveness in the region. Over the next decade, the Initiative will bring 7 million or more training and...

Remarks by U.S. Secretary of Commerce Gina Raimondo at the Arizona Tribal Grant Announcement

Speeches
Thank you, Senator Kelly, for the introduction and for your incredible work to connect the unserved, particularly in rural areas and on Arizona’s Tribal lands. Thank you as well to Representatives Stanton and O’Halleran for your hard work and support. And thank you to the Inter Tribal Council of Arizona and all the tribal leaders who are with us today. I also want to thank Senator Sinema – who...

Biden-Harris Administration Announces over $50 Million in Internet for All Grants to Two Alaska Native Entities

Blog
Assistant Secretary Davidson Announced the Awards During an Official Visit to Alaska At an Internet for All roundtable today in Fairbanks, Alaska, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced that it has awarded two grants as part of the Tribal Broadband Connectivity Program. These grants, totaling approximately $51 million, are awarded...