Minority Business Development Agency

Minority Business Development Agency
Seal of the Minority Business Development Agency
Agency overview
Formed1969 (1969)
HeadquartersWashington, D.C.
Employees50-100
Annual budgetUS$30 million (2009)
US$32 million (est. 2010)
US$32 million (est. 2011)
US$34 million (est. 2017)
Agency executive
  • Eric Morrissette, Acting Under Secretary of Commerce for Minority Business Development
Parent agencyU.S. Department of Commerce
Websitewww.mbda.gov

The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States' minority-owned businesses, including Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses.

MBDA's stated mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, access to contracts and access to market opportunities – both domestic and global. The main feature of the organization and its site is to provide business consulting services to minority business owners.

In March 2025, President Trump issued an executive order that directed eliminating the MBDA to the maximum extent of the law.

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