Enterprising women of color - as part of the administration's focus on empowering women, mbda is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of…

The Minority Business Development Agency (MBDA) awarded $1 million under the MBDA Business Center federal grant program (CFDA 11.805) to MP Services LLC on September 1, 2022. The grant will support innovative projects through August 31, 2023 seeking to promote and ensure growth of minority enterprises, with a focus on women entrepreneurs of color. Specifically, the funding will be used to operate one or more business centers that provide technical assistance, counseling, and training to minority-owned businesses to help them become engines of economic growth in their communities. By investing in women-owned businesses through this grant, the MBDA aims to make communities more prosperous and add jobs, as research shows women reinvest approximately 90% of their earnings locally.

Enterprising women of color - as part of the administration's focus on empowering women, mbda is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of economic growth in their communities. As of 2019, 6.4 million minority-owned women businesses employed nearly 2.4 million people and generated $422.5 billion in revenue according to the american express state of women-owned businesses report (september 23, 2019). Women-owned businesses represent 42% of all businesses. This report also estimated that if the revenues generated by minority women-owned firms matched those currently generated by all non-minority women-owned businesses, they would add 4 million new jobs and $981 billion in revenues to the U.S. Economy. Women RE-invest approximately 90% of their earnings into their family and their communities, creating a unique multiplier. Investments in women-owned businesses make communities prosper. Mbda seeks to fund business center(S) W