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 $867,365 under the MBDA Business Center cooperative agreement to Asian Inc. from July 2021 to June 2022.

The award will support the provision of technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19. Key performance metrics include the number of minority businesses assisted, informed of COVID-19 assistance programs, and submitting applications. The award will also track awards issued and minority businesses in economically distressed areas assisted.

The funding is part of MBDA's MBDA Business Center program under Assistance Listing Number 11.805. The program supports innovative projects promoting and ensuring growth of minority enterprises through the Department of Commerce MBDA. Asian Inc. will leverage the award to deliver targeted relief services aiding minority businesses in addressing COVID-19 impacts.

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.