Minority Business Development Agency Permanently Authorized in Bipartisan Infrastructure Deal The Suburban Times – The Suburban Times

Posted By on November 21, 2021

City of Tacoma announcement.

TACOMA, Wash. The U.S. Department of Commerce recently announced that the Minority Business Development Agency (MBDA) has been made permanent, and will be expanded and elevated with the passage of the Minority Business Development Act of 2021. This historic legislation allows the agency to increase their programs and outreach to the nations more than 9 million minority-owned businesses.

Embedded within the City of Tacomas Community and Economic Development Department since September 2016, the MBDA Washington Business Center has served more than 580 established minority business enterprises owned by the following individuals or groups in the Pacific Northwest region: African Americans, Hispanic Americans, Asian and Pacific Islander Americans, Native Americans, Asian Indian Americans and Hasidic Jewish Americans.

We are tremendously encouraged by President Joe Bidens commitment to helping minority business enterprises in the Pacific Northwest, and across the nation, recover from the current pandemic, said Tacoma Mayor Victoria Woodards. Making the MBDA permanent with the passage of this historic legislation heralds the beginning of a transformative new era, one where minority business enterprises can grow and thrive well into the future.

The MBDA Washington Business Center is pleased with this vote of confidence in the critical work that we do to help minority business enterprises access capital, contracts and business ecosystems, said MBDA Washington Business Center Director Linda Womack. We are at an important juncture, and this legislation is vital to our future success.

The Minority Business Development Act of 2021 expands the geographic reach of the MBDA by authorizing the creation of additional regional MBDA offices, rural business centers, and increasing the number and scope of existing programs. It also:

The MBDA will report on the implementation milestones of the Minority Business Development Act of 2021 atmbda.gov. Information regarding MBDA work taking place in the Pacific Northwest region will continue to be available atmbda-tacoma.com.

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Minority Business Development Agency Permanently Authorized in Bipartisan Infrastructure Deal The Suburban Times - The Suburban Times

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