Press Release
☷Minority Business Development Agency Announces Departure of Don Cravins Jr as First Ever Under Secretary of Commerce for Minority Business Development
U.S. Department of Commerce ( By Press Release office)
Jan 14,2024
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The Minority Business Development Agency ( MBDA ) just announced that Under Secretary Donald "Don" Cravins will be leaving his position as MBDA Under Secretary . He was the first - ever Under Secretary to lead the bureau , which is part of the Department of Commerce . During his time , the agency helped minority businesses secure over $8 . 2 billion in capital and contracts from the government and private sector . Commerce Secretary Gina Raimondo expressed gratitude for Under Secretary Cravins ' contribution , especially in launching the $125 million Capital Readiness Program . Deputy Secretary Don Graves also commended Under Secretary Cravins for expanding MBDA ' s outreach to support minority business owners and their communities . Under Secretary Cravins expressed his gratitude for leading the agency and expressed confidence in Secretary Raimondo and Deputy Secretary Graves to continue elevating MBDA ' s role . In the meantime , Eric Morrissette , a member of the Department ' s senior leadership team , and Chief of Staff to Deputy Secretary Graves , will temporarily oversee the bureau . The U . S . Minority Business Development Agency ( MBDA ) is a part of the Department of Commerce and is dedicated to the growth and competitiveness of minority - owned businesses in the U . S . For over 50 years , MBDA has been helping MBEs improve their businesses by offering programs and services that help them create jobs , grow , boost their revenues , and expand their reach locally , nationally , and globally . This is all thanks to the Minority Business Development Agency ' s various bureaus and offices .
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