Stay Informed on Key Changes from the Minority Business Development Agency
Part of: Commerce Department
Document Statistics
Documents by Year
Documents by Type
The Minority Business Development Agency (MBDA) plays a pivotal role in enhancing the participation of minority businesses within the financial ecosystem of the United States. Established by an Executive Order in 1969, the MBDA aims to bridge the gap for minority enterprises by offering diverse support mechanisms that facilitate business growth and empowerment.
Why Monitor the Minority Business Development Agency?
For industry professionals such as legal teams, insurance providers, policy analysts, and risk managers, staying informed about updates and changes from the MBDA is imperative. Here's why monitoring this agency matters:
Seize Funding Opportunities
- The MBDA coordinates national programs for minority business enterprise, often unveiling public and private funding opportunities vital for strategic business growth.
- Legal teams and financial planners benefit from staying informed to strategize around these opportunities.
Respond to Open Comment Periods
- Regulatory changes open for public comment can significantly alter industry landscapes. Having the most current updates allows policy analysts to engage in meaningful ways that shape outcomes favorable to minority enterprises.
Plan Strategically for Industry Shifts
- Changes initiated by the MBDA, such as policy shifts, impact market dynamics. Risk managers need to anticipate these changes to strategically allocate resources and minimize disruptions.
Mitigate Risks from Rule Changes
- Rule changes propagated by the MBDA can affect business operations significantly. Insurance providers must be aware of these to adjust coverage plans and manage liabilities adequately.
Importance in Specific Industries
Construction and Infrastructure
- Deals and contracts like public building projects often include stipulations favoring minority business participation, influenced by MBDA advocacy.
Technology and E-Commerce
- With MBDA's promotion of electronic commerce for minority businesses, tech firms can find new allies and market entries by staying updated.
Government Contracting
- Many government contracts have inclusion requirements championed by the MBDA, making regular updates crucial for compliance and opportunity.
Trends and Regulatory Impacts
Recent Trends
- Greater focus is being placed on integrating minority businesses into technology-driven markets and addressing digital divides.
- Increased collaboration between private sector and governmental bodies to amplify support mechanisms for minorities.
Regulatory Impacts
- Changes in regulations can lead to new obligations or opportunities; staying informed ensures that businesses comply with evolving standards while capitalizing on new incentives.
How AI-Powered Monitoring Can Help
By utilizing AI-driven solutions like FedMonitor, professionals can effortlessly track MBDA updates. Our service guarantees:
- Relevance: Our AI filters through massive document streams to deliver only the most pertinent information for your industry or case.
- Speed: Receive notifications through Slack, Microsoft Teams, Salesforce, email, or SMS as soon as changes happen, ensuring you're always ahead.
With FedMonitor, discover a streamlined way to stay ahead of regulatory changes and industry shifts, empowering your strategy and decision-making processes.
Visit FedMonitor.com to learn more about setting up your customized monitoring strategy. For assistance, check our FAQ or contact us for personalized support.
Agency Details
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Status:
Active
The Minority Business Development Agency continues to fulfill its mandate by promoting the development of minority businesses and coordinating efforts of various governmental and private entities to provide opportunities for minority firms. It remains a functional sub-agency of the Commerce Department, providing vital services such as business development and partnership opportunities.
- Acronym: MBDA
- Website: Visit
Latest Documents
Title | Type | Published |
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The Minority Business Development Agency (MBDA) is accepting written comments from the public regarding the MBDA Information Clearinghouse, through February 28, 2025. The comments will inform MBDA of the types of data and other information sought, be...
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Notice | Dec 26, 2024 |
The Minority Business Enterprises Advisory Council (MBEAC) will hold a meeting to discuss the work of its four subcommittees as well as to have a topical discussion on issues pertinent to the MBEAC's mission.
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Notice | Dec 23, 2024 |
The Minority Business Development Agency (MBDA) amends their regulations to remove the list of racial and ethnic presumptions in order to comply with the Court's decision in Nuziard et al v. Minority Business Development Agency et al., which struck d...
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Rule | Dec 16, 2024 |
Notice | Oct 25, 2024 | |
The Minority Business Enterprises Advisory Council (MBEAC) will hold a meeting to discuss the work of its four subcommittees as well as to have a topical discussion on issues pertinent to the MBEAC's mission.
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Notice | Oct 03, 2024 |
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our in...
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Notice | Aug 27, 2024 |
The Minority Business Enterprises Advisory Council (MBEAC) will hold its inaugural meeting to provide an orientation for new committee members and an overview of future work products to fulfill the MBEAC's charter and statutory mandates.
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Notice | May 16, 2024 |
The Minority Business Development Agency (MBDA) plans to establish a period for the submission and acceptance of written comments from the public through Sunday, June 16, 2024 and conduct virtual Tribal consultation meetings on Friday, May 17, 2024.
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Notice | Apr 19, 2024 |
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our in...
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Notice | Oct 20, 2023 |
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is extending the deadline for nominations for the Minority Business Enterprises Advisory Council (MBEAC) pursuant to the authority of the Minority Business Development Act o...
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Notice | Oct 16, 2023 |
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is seeking nominations for the Minority Business Enterprises Advisory Council (MBEAC) pursuant to the authority of the Minority Business Development Act of 2021 and the Fede...
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Notice | Aug 18, 2023 |
Notice | Oct 31, 2022 | |
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our in...
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Notice | Sep 01, 2022 |
On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act, which included statutory authority within the Minority Business Development Act (the Act) for the Minority Business Development Agency (MBDA) to establish a Rura...
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Notice | Dec 30, 2021 |
Notice | May 21, 2021 | |
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our in...
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Notice | Feb 22, 2021 |
The President's Advisory Commission on Asian Americans and Pacific Islanders (AAPI Commission) will convene the fourth open meeting to present the 2020 Commission Report and to discuss issues related to the upcoming survey of the AAPI small business...
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Notice | Jan 13, 2021 |
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our in...
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Notice | Dec 28, 2020 |
The President's Advisory Commission on Asian Americans and Pacific Islanders (AAPI Commission) will convene an open meeting to discuss issues related to the draft Commission report to the President. This meeting is open to the public and interested p...
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Notice | Oct 02, 2020 |
The President's Advisory Commission on Asian Americans and Pacific Islanders (AAPI Commission) will convene an open meeting to discuss issues related to the draft Commission report to the President. This meeting is open to the public and interested p...
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Notice | Jul 20, 2020 |
No sub-agencies found.