The U.S. Department of Commerce”™s Minority Business Development Agency recently announced $7.3 million in funding to winners of a grant competition designed to boost job creation and the global competitiveness of minority-owned businesses nationwide.
The Greater New England Minority Supplier Development Council received $1.02 million to operate the MBDA Business Center in Bridgeport, which will focus on the “American Indian and Alaskan Native business community.”
The Bridgeport money will be dispensed across the next four years.
Other recipients”™ money will be dispersed across three years. They include Baltimore ($900,000), Houston ($900,000), the South Bronx ($1.5 million), St. Louis ($900,000), San Francisco ($1.2 million) and Washington, D.C. ($900,000).
UPDATED 9.19.2013: An earlier version of this article stated Chicago instead of St. Louis as the recipient of $900,000.
“MBDA is committed to the continued success of all minority-owned firms, who strengthen the economy and create American jobs,” David A. Hinson, MBDA national director, said. “These new centers will expand the number of front-line business experts we have providing resources to minority-owned businesses to help grow economies in more cities across the U.S.”
The MBDA bills itself as is the only federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses.
Bill,
Great article. However, please know that the city of Chicago is not getting $900,000. The $900,000 will be going to St. Louis. The Chicago Minority Supplier Development Council will be operating the new center.
Thanks,
Al