Agency Releases FY 2018 Broad Agency Announcement, Funding Grants for Minority Business Development
WASHINGTON (June 12, 2018) —Today, the Minority Business Development Agency (MBDA) within the Department of Commerce launched a search for innovative ideas to benefit minority-owned businesses, from projects that increase access to capital to resources that increase disaster preparedness and relief. MBDA’s Broad Agency Announcement (BAA) is designed to solicit proposals that will positively impact minority-owned businesses and the communities they serve.
MBDA expects to award up to $11.65 million in grants to fund and implement innovative projects across the country.
“Under the Trump Administration, the economy has seen unparalleled expansion while unemployment has fallen to the lowest level in nearly 50 years,” said Secretary of Commerce Wilbur Ross. “Minority business enterprises play a key role in our expanding economy as they not only provide over seven million jobs in the United States but also contribute billions to the national GDP.”
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