The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for,…

The Minority Business Development Agency (MBDA) awarded $470,121 under the MBDA Business Center cooperative agreement to the Chicago Minority Supplier Development Council Inc. from July 1, 2021 to June 30, 2022. The award will support the organization's delivery of technical assistance, training, education, and advisory services to minority business enterprises to prevent, prepare for, and respond to effects of the COVID-19 pandemic. Key performance metrics include the number of minority businesses assisted, informed of COVID-19 assistance programs, and applications submitted to such programs with Business Center support. The MBDA Business Center program aims to promote growth of minority enterprises through innovative projects, such as the specialized relief efforts funded under this award.

The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for, and respond to effects of covid-19. Such assistance will include technical assistance, training, education, and advisory services to minority business enterprises. The performance goals and metrics include: number of minority business enterprises affected by covid-19 that are assisted by the business center; number of minority business enterprises informed and/or referred by the business center to covid-related local, state, and federal government assistance programs; number of MBE applications submitted to local, state, and federal government assistance programs as a result of business center assistance; number of awards issued by local, state, and federal programs to minority business enterprises assisted by the business center; and number and type (small, medium, large, ) of minority business enterprises affected by covid-19, in economically distressed areas, assisted by the business center.