MBDA Business Center Program

MBDA leads Federal Government efforts to promote the growth and global competitiveness of MBEs. MBDA has established key priorities designed to overcome the unique challenges faced by MBEs. The primary drivers of a Minority Business Development Center are: (i) business development and (ii) capacity building. Business development is fostering and securing new opportunities for MBEs that result in revenue generation by: Assisting clients to increase sales and service agreements, product requests, task orders and exports; and matching opportunities and assisting qualified/vetted MBE clients to access, compete, and secure transactions that lead to a financial benefit (e.g., sales). Capacity building occurs when MBEs are assisted with management capacity, financial capacity, and technological capacity that results in new capabilities, higher productivity, reduced costs, increased profits, workforce improvement, business expansion, and scalability. The MBDA Business Center will assist MBEs to: improve operational efficiencies; increase resources; build scale; manage risk and increase liability thresholds; strengthen management teams; access and secure financing, equity, and venture capital; raise online capital; - increase profits and owner equity; and implement and integrate new technology and equipment. The MBDA Business Centers manage relationships and sources of deals by promoting the interests of MBEs; educating MBEs on the benefits of strategic growth alternatives (e.g., mergers, acquisitions, and/or joint ventures); and providing service referrals to MBEs of all sizes.