Minority Business Development Agency - U.S. Department of Commerce

#ICYMI: Today, Vice President Kamala Harris announced the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness Program. MBDA’s Capital Readiness Program is the largest-ever direct Federal investment in small business incubators and accelerators of its kind. “President Biden and I are fighting to ensure that every entrepreneur in America — no matter who they are or where they live — can access the capital to start or grow a business, create jobs, and thrive.” – Vice President Harris For more information, visit www.MBDA.gov/CRP

Yesterday, the Biden Administration announced that the U.S. Department of Commerce and GlobalWafers America, have signed a non-binding preliminary memorandum of terms to provide up to $400 million in proposed direct funding to help onshore critical semiconductor wafer production and advance U.S. technology leadership. President Biden signed the bipartisan CHIPS and Science Act, a key component of his Investing in America agenda, to usher in a new era of semiconductor manufacturing in the country. This proposed CHIPS investment would support the construction of new wafer manufacturing facilities and the creation of 1,700 construction jobs and 880 manufacturing jobs. #CHIPS #InvestingInAmerica https://lnkd.in/exkwuKDy

"Every time engineers would hand me their equations to evaluate, I would do more than what they'd asked. I'd try to think beyond their equations. To ensure that I'd get the answer right, I needed to understand the thinking behind their choices and decisions." - Katherine Johnson 55 years ago today, humankind first set foot on the Moon. It could not have been done without the work of people like Katherine Johnson; a NASA mathematician who played a key role in several NASA missions during the Space Race. As a black woman working for NASA in the 1950s and '60s, Johnson and her colleagues, including Mary Jackson and Dorothy Vaughan, overcame social boundaries and racial discrimination to help get the Apollo 11 mission to the moon and back.

At Ventures Non Profit , we believe every entrepreneur deserves a chance to succeed. As a Latina and former small business owner, I understand the challenges faced by underserved communities. Our mission is to provide the resources and support needed to turn dreams into reality. If you know any Spanish speaking aspiring entrepreneurs, invite them to attend our information session tomorrow. Take that first step! #Entrepreneurship #DiversityInBusiness #CommunitySupport

Today, MBDA and the Small Business Majority signed a memorandum of understanding that outlines ways in which the two organizations will leverage each party’s expertise, educational programing, and other resources designed to help minority business enterprises gain greater access to loans and technical assistance that are essential to their growth.   MBDA is proud to work with Small Business Majority to further their common goal of empowering America’s diverse entrepreneurs and build a more inclusive economy. #SBM #WeAreMBDA

The 2023 National MED Week Champions of Minority Business Development awardees are breaking barriers and fostering inclusive growth. 2023 Advocate of the Year Awardee Arian simone, Founder and CEO of the Fearless Fund, empowers women of color by pioneering the first venture capital fund exclusively for them, supported by major financial institutions. 2023 Access to Capital Awardee Cuon Quy Huong, Co-Founder of Rende Progress Capital (RPC), provides diverse entrepreneurs with affordable loans and essential business support. 2023 Distinguished Supplier Diversity Awardee Natasha Vialva-Haynes , Supplier Diversity Program Manager at Siemens leads initiatives in procurement and DEI, ensuring inclusive and equitable business practices. Nominate a minority business enterprise or advocate for 2024. Visit https://mbda.gov to submit your nominations for the 2024 National MED Week Awards. #MEDWeek2024 #MEDWeek #WeAreMBDA

Recognize the exceptional contributions of minority business enterprises (MBEs) - submit your nomination for the 2024 National MED Week Awards. View this year's categories, celebrating the exceptional achievements of entrepreneurs and advocates dedicated to fostering the growth of MBEs. Nominate today at https://MBDA.gov. #MEDWeek2024 #MEDWeek

Today, as part of President Biden’s Investing in America agenda, the U.S. Department of Commerce issued a Notice of Intent to open a competition for new research and development activities that will establish and accelerate domestic capacity for semiconductor advanced packaging. The CHIPS for America program anticipates up to $1.6 billion in funding innovation across five R&D areas, as outlined in the vision for the National Advanced Packaging Manufacturing Program. https://lnkd.in/eN2ec9jn

This past weekend, #TeamMBDA had the honor of celebrating women and black excellence at the 2024 Essence Festival in NOLA. Acting Under Secretary Eric Morrissette had the opportunity to speak at the Global Black Economic Forum on the main stage both Friday and Saturday, to address the work of the U.S. Department of Commerce, its various agencies, and the the resources made available for minority business enterprises at MBDA alongside Rep. Maxine Waters and Rep. Steven Horsford, two of MBDA’s leading supporters. #essencefest #essencefestival2024

Communities thrive when locally owned businesses thrive. The investments we make to support them, directly impacts the communities they serve. #PoweredByMBDA #EssenceFest30 #GlobalBlackEconomicForum