WASHINGTON, Dec. 12, 2018 /PRNewswire/ -- Today, the U.S. Department of Commerce's Minority Business Development Agency (MBDA) is announcing grant awards of more than $3 million to support programs for American Indian, Alaska Native, and Native Hawaiian-owned enterprises.
"The Minority Business Development Agency's support to the American Indian, Alaska Native, and Native Hawaiian (including Pacific Islander American) communities is a key component of MBDA's overall support for minority business development," said MBDA National Director Henry Childs, II. "Throughout this process, we have worked closely with tribes to ensure economic growth in communities across the country."
During Fiscal Year 2017, MBDA conducted six tribal consultations to better understand business and economic development needs in their communities. Consultation recommendations were incorporated including recognition of the indigenous Native Hawaiian population, expanding the geographic footprint, reducing programmatic and regulatory burdens, as well as increasing project flexibility and autonomy to address the most common business-related needs.
The grant recipients include:
These programs are part of the 2018 MBDA Broad Agency Announcement, a new initiative this year. More than $13 million was awarded for 13 projects focused on Department of Commerce and MBDA priorities from resources that increase disaster preparedness and relief to programs that increase access to capital. For a full listing of MBDA's 2018 grant awards, visit www.mbda.gov/news.
About the Minority Business Development Agency (MBDA)
MBDA is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses. Our programs and services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues and expand regionally, nationally and internationally. For nearly 50 years, MBDA has been a dedicated strategic partner to all U.S. minority-owned businesses, committed to providing greater access to capital, contracts, and markets. For more information about MBDA visit www.mbda.gov.
SOURCE Minority Business Development Agency (MBDA)