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While not specific to minority-owned businesses, the USDA Rural Business Development Grant Program is a valuable resource for rural regions where minority populations are leading sources of ...
U.S. Small Business Administration (SBA): The SBA is a U.S. government agency that provides financial support for small U.S.-based businesses. In addition to the 8(a) program, which assists small ...
The week is formally celebrated each year by the Minority Business Development Agency, a U.S. government agency housed within the U.S. Department of Commerce. [7] On October 20, 2017, President Donald Trump issued a proclamation which officially designated October 22 through October 28, 2017 as National Minority Enterprise Development Week. [8] [9]
Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American
In 1969, these programs allocated $8.9 million to assist minority businesses, and by 1985, the funding provided was $4.3 million. However, by 1992, Conservatives started anti-affirmative action movements in which they pursued to abolish government assistance and programs for minority groups in education, business development, and hiring.
A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the ...
With the onset of the COVID-19 pandemic in early 2020, LISC responded with new investments to stem the economic fallout, especially to small businesses. It launched a small business grant program that provided more than $200 million in grants to over 16,000 small businesses. The majority of the businesses supported with minority- and women-owned.
The U.S. Treasury Department announced Tuesday the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities with limited ...