Management Scope
In fiscal 2023, the MBDA had a budget of $70 million and 70 full-time equivalents.3 In fiscal 2022, MBDA facilitated access to $1.2 billion in capital and $1.6 billion in contracts for MBEs.4
Primary Responsibilities
- Advises the secretary of Commerce on matters related to minority business development.
- Facilitates the organizational development of the MBDA in tandem with its emergent network of business centers and community partners.
- Maintains internal engagement with MBDA activities among department leadership.
- Coordinates with other federal agencies to further initiatives and programs that support socially or economically disadvantaged businesses.
- Oversees relationship and engagement with Minority Agency Business Centers through a nationwide network of regional and rural offices.
- Manages and develops relationships with key partners in local communities such as historically Black colleges and universities (HBCUs), minority-serving institutions nonprofit organizations and different chambers of commerce.
- Assists minority business enterprises to secure capital as well as private and government contracts.
- Leads the development of services and programs that can support minority businesses5
Strategic Goals and Priorities
Depends on the policy priorities of the administration.