The Minority Business Development Agency (MBDA) of the U.S. Department of Commerce recently held a significant event at the White House with various prominent organizations including the Divine Nine Sororities, The National Council of Negro Women, The Links Incorporated, The Black Women’s Agenda, and The National Coalition of 100 Black Women. During this gathering, the MBDA formalized collaborative agreements with each organization to support the advancement of women-owned businesses.
“We are thrilled to partner with these women-led groups to eliminate barriers and create more opportunities for Black women,” said Eric Morissette, who is currently acting as the Under Secretary of Commerce for Minority Business Development. “As the fastest-growing group of entrepreneurs, women of color play a crucial role in the nation’s economy. The Biden-Harris Administration, along with the Department of Commerce and MBDA, are dedicated to providing them with the necessary resources and opportunities to succeed.”
The event included a roundtable discussion with leaders from each organization, focusing on the challenges faced by women entrepreneurs in areas such as access to funding, starting and growing businesses, and connecting with contracts and networks. Through its collaboration with these organizations, MBDA aims to offer solutions, resources, and opportunities for economic empowerment.
The Department of Commerce’s objective is to foster economic growth and opportunities for all communities. By joining forces with the Divine Nine sororities and other national women’s leadership groups in this historic agreement, MBDA continues its commitment to ensuring economic prosperity for all American businesses.
About the U.S. Minority Business Development Agency (MBDA):
The MBDA is the sole Federal agency dedicated to enhancing the growth and competitiveness of minority-owned businesses in the U.S. For over 50 years, MBDA’s programs and services have enabled these businesses to create jobs, expand their scale and reach, boost revenues, and grow regionally, nationally, and internationally.
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