From projects that increase access to capital to resources that increase disaster preparedness and relief, the Minority Business Development Agency is in search of innovative ideas that will benefit minority-owned businesses and will award up to $11.65 million in grants to fund and implement the projects across the country.
This year, the MBDA is including categories for formerly incarcerated persons and research projects to quantify and address the needs and challenges of minority businesses. “Recognizing the critical role of entrepreneurship in reducing recidivism and unemployment for released prisoners, the Agency saw an opportunity to support the Department of Commerce’s efforts to reduce crime, enhance public safety and improve the lives of all Americans through educational entrepreneurship programs,” MBDA said in a news release. Read more.
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The mission of EDAC is to connect budding & existing entrepreneurs to resources for venture management & growth.