New resources and funding is underway to help minority-owned firms create jobs, compete in the global economy, and grow their businesses.  This comes from the U.S. Department of Commerce’s Minority Business Development Agency, awarding $31.5 million in federal funding to 21 grant recipients as part of its MBDA Business Center Program.

“For more than 40 years, MBDA has led efforts to support minority firms and provide them with the tools and technical expertise they need to excel. This is the very foundation on which this agency was founded back in 1969. It’s the core of who we are and what we represent,” said MBDA National Director Alejandra Y. Castillo. “This funding goes far beyond just the monetary aspect. This is a long-term investment in our community and in our nation.”

[Related: Sam’s Club Offers $8.8 Million In New Grants To Entrepreneurs]

According to data from the U.S. Census Bureau’s 2012 Survey of Business Owners, minority-owned firms in the U.S. increased from 5.8


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Source: Black Enterprise » Small Business