Press Release
☷Under Secretary Cravins Announces Formation of MBDA Minority Business Enterprise Advisory Council
U.S. Department of Commerce ( By Press Release office)
Jan 14,2024
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Under Secretary Cravins just announced the creation of the MBDA Minority Business Enterprise Advisory Council . This council will help promote the growth of minority owned businesses , as outlined in The Minority Business Development Act of 2021 . The Council is made up of leaders from both the public and private sectors , who have experience in supporting minority businesses . They will serve a two - year term and provide advice and information on developments that affect socially or economically disadvantaged business concerns . The Council includes representatives from various Federal agencies , such as the Department of Agriculture and the Department of Defense . The Department of Housing and Urban Development , Department of Labor , Small Business Administration , Department of Transportation , and Department of Treasury are all important government agencies . The U . S . Minority Business Development Agency , which is part of the Department of Commerce , is the only federal agency focused on helping minority - owned businesses grow and compete globally . They have been supporting these businesses for over 50 years , helping them create jobs , increase revenue , and expand both domestically and internationally .
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