Helping Minority Owned Businesses

St. Louis MBDA Business Center

MBDA SERVICES
Grow with MBDA Services

Minority-owned businesses that have been in business three or more years and with $1 million or more in annual revenue are the target clients for our services.  High-growth industries such as green technology, clean energy, health care, infrastructure and broadband technology also are eligible for the MBDA program.

  • Contract procurement assistance with public and private sector entities
  • Facilitate joint ventures to build capacity and increase revenue
  • Access to hard-to-reach contract opportunities using MBDA proprietary resources
  • Ability to leverage opportunities in other States through the more than 40 MBDA business centers located throughout the country
  • Loans and lines of credit
  • Bonding and insurance
  • Asset-based lending (e.g., factoring)
  • Equity investments
  • Strategic growth strategies
  • Marketing and branding
  • Business development
  • Invitations to trainings, seminars, and events
  • Facilitation of minority certification referral to service providers
ABOUT MBDA

Who is
MBDA?

For 51 years, MBDA has promoted economic empowerment through entrepreneurship and helped MBEs gain greater access to capital, contracts, and new markets.

Our national network of MBDA Business Centers, Specialty Centers, and Projects better equip minority-owned businesses to create jobs, build scale and capacity, and increase revenues.

st-louis-mbda-contact-us

Our Vision

Economic prosperity for all American business enterprises.

Our Mission

The U.S. Department of Commerce, Minority Business Development Agency (MBDA) is the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises.

Our Passion

Winning The Future, Now!
MBDA programs, services, and initiatives focus on helping MBEs grow today, while preparing them to meet the industry needs of tomorrow.
MBDA NETWORKS

Our Programs

MBDA invests in a national network of MBDA Business Centers, Specialty Centers, and Grantees.  Our programs offer customized business development and industry-focused services to provide greater access to capital, contracts and markets.

OUR GRANTEES

MBDA GRANTEES

American Indian Alaska Native/Native Hawaiian (AIANNH)

Entrepreneurship Education for Former Incarcerated Persons

Global Women of Color Economic Empowerment

Minority Growth Equity Funds Initiative (The Billion Dollar Fund)

MINORITY BUSINESSES

Who We Serve

Our clients are U.S. minority business enterprises (MBEs) owned and operated by African Americans, Asian Americans, Hasidic Jews, Hispanic Americans, Native Americans, and Pacific Islanders.

There are nearly

0 million
minority-owned businesses in the United States

Employing more than

0 million
people

Generating more than

0 trillion
in revenue annually
MBDA Performance

OUR IMPACT

MBEs are fast-growing, innovative, and represented in every industry sector in the United States. MBDA promotes the growth of minority-owned businesses through the mobilization and advancement of public and private sector programs, policy, and research.

Access to Capital

MBDA connects entrepreneurs to private lenders, including banks, mutual funds, and investors. With the Agency's support, minority-owned businesses gained access to more than $1.6 billion in capital in FY19.

Access to Contracts

MBDA produces and promotes information for and about MBEs. In FY19, MBDA helped minority-owned businesses secure $3.1 billion in contracts.

Access to Markets

MBDA positions minority-owned businesses to perform in high growth industries, emerging markets and global supply chains. The Agency helped MBEs facilitate more than $300 million in export transactions during FY19.

OVERVIEW

THE MINORITY BUSINESS LANDSCAPE

Minority Business Enterprises (MBEs) represent an essential local job source with 8.7+ million employees and are represented in many industries

555,638 Asian-owned businesses, with 23.9% (132,698) in the accommodation and food services sector – the largest receipts ($814.8 billion) among minority groups.

124,004 Black or African American-owned businesses with 32% (39,714) of these firms in the healthcare and social services industry.

The top sectors for Hispanic-owned firms include accommodation, construction, and food services.

CURRENT SITUATION

tHE SOCIOECONOMIC CLIMATE OF 2020

Minority communities continue to experience the devastating impacts of business disruptions and economic hardships due to COVID-19 and civil unrest.

Unemployment and Job Security

Both minority-owned businesses and minority-held jobs have been disproportionately affected by the COVID-19 crisis and recession.

Access to Capital and Funding

Minority business – the smallest businesses, particularly those with annual revenues less than $250,000 – are significantly less likely to apply to the US Small Business Administration Paycheck Protection Program. The lower application rate is likely to directly correlate to the shuttering of several minority-owned businesses across the country.

The Long-Term Effects

When minority-owned businesses struggle or fail, not only does the economic stability of their communities become compromised, but the well-being of families and neighborhood structure suffers, as well.

Success Interrupted

The number of working minority business owners in the United States has plummeted during the pandemic. Minority owned businesses realized the following declines from February to April: African American businesses | Down 40% Latino businesses |Down 32% Asian businesses |Down 25%

MOVING FORWARD

THE FUTURE

Demographics in America are changing rapidly. It is projected that America will be majority-minority by the year 2045.

Minority businesses will continue to play a vital role in contributing to the U.S. gross domestic product (GDP) and ensuring America’s global competitiveness.

As our economy reopens, intentionally spending money at minority-owned businesses will contribute to the economic sustainability and resilience of African American, American Indian, Asian American and Pacific Islanders, and Hispanic communities.

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