The minority business development agency (mbda), a bureau of the U.S. Department of commerce, will provide federal assistance to support innovative projects seeking to promote and ensure the growth of…

The Minority Business Development Agency (MBDA) awarded $2,051,300 under the Minority Business Resource Development program (CFDA 11.802) to the West Philadelphia Enterprise Center through a cooperative agreement beginning September 1, 2021 and ending August 31, 2023.

The funding will support the MBDA MBE Equity Multiplier Project, which will provide technical assistance to minority business enterprises related to accessing capital. As the designated organization to operate this MBDA project, the West Philadelphia Enterprise Center will deliver services to minority businesses that seek to address challenges in obtaining financing and resolving other issues impacting their growth and sustainability. The assistance furthers the MBDA program's goals of establishing, preserving and strengthening minority business enterprises.

The minority business development agency (mbda), a bureau of the U.S. Department of commerce, will provide federal assistance to support innovative projects seeking to promote and ensure the growth of minority enterprises. The mbda minority business enterprise (MBE) equity multiplier project will facilitate technical assistance to mbes related to accessing capital. In accordance with executive order 11625 and 15 U.S.C. 1512, mbda is soliciting competitive applications from eligible organizations for the operation of mbda MBE equity multiplier projects as described in this broad agency announcement (BAA). Mbda anticipates awarding approximately one (1) individual cooperative agreement pursuant to this BAA. The minority business development agency (mbda) provides federal assistance in support of innovative projects that promote and seek to resolve the challenges faced by minority enterprises. The funds to be awarded by this program are not congressionally directed funds o