$6.3 Million Minority Business Development Agency (MBDA) Grants – Funneling Money to Lesbian Insurrectionists to Overthrow the State? – Who Gets Mentored To Do What?
Commerce Department Announce $6.3 Million Minority Business Grant Competition
May 24, 2013
By D.L. Chandler
On Thursday, the U.S. Department of Commerce made an announcement that will change the fortunes of a number of minority business owners: Through a grant competition, minority business will get to run one of six Minority Business Development Agency (MBDA) [a bureau within the United States Department of Commerce] centers in major metropolitan hubs nationwide in order to grow their jobs and businesses.
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Thirty of these centers are already in existence across the United States and Puerto Rico. With this new competition, though, grant winners will be able to operate MBDA Business Centers in New York, Houston, San Francisco, St. Louis, Baltimore, and Washington, which, according to David A. Hinson, MBDA national director, “is critical to furthering the Agency’s mission in assisting minority-owned businesses in gaining access to contracts, access to capital, and access to markets.” Hinson adds, “It is our goal to ensure the continued success of minority-owned firms who, in turn, strengthen the economy and create American jobs.”
The grant amounts will range between $300,000 to $500,000 annually over the course of a three-year cycle, and awardees will be connected to the other already established 30 MBDA Business Centers nationwide.