The Minority Business Development Agency (MBDA) has partnered with Urban Strategies Inc. (USI) to enhance opportunities and access for minority businesses across the US. Acting Under Secretary of Commerce for Minority Business Development at the MBDA, Eric Morrissette, and USI President, Esther Shin, marked the partnership with the signing of a memorandum of understanding. Expanding Access to Resources for Minority Entrepreneurs The USI’s federally designated Community Development Financial Institution (CDFI) fund aims to promote racial and economic equity by offering resources and capital. By working together, the the MBDA and
A federal judge has ordered the Minority Business Development Agency (MBDA) to extend its services to all racial and ethnic groups, not just minorities. Judge Mark T. Pittman of the U.S. District Court for the Northern District of Texas made this landmark decision. MBDA: What Has Happened? Founded during the Nixon administration, the MBDA’s primary mission has been to assist minority-owned businesses. However, Judge Pittman’s ruling challenges this focus, stating that the presumption that white business owners are not disadvantaged violates the 14th Amendment’s guarantee of equal protection under the law. As
