MBDA Listening Session. September 20, 2023. On Wednesday the 20th of September, Under Secretary Donald Cravins of the US Department of Commerce Minority Business Development Agency (MBDA) hosted a crucial listening session at the department's library. This gathering provided a valuable platform for minority business owners, impact investors, and researchers to engage in a dialogue concerning the challenges confronting Minority Business Enterprises (MBEs). Recent legal developments have underscored the urgency of this conversation. The Role of MBDA Minority Business Enterprises (MBEs) are commercial or non-profit organizations in which 51% or more of the common stock or other ownership stakes are held by members of the following groups: Asian-Americans, African-Americans, Hispanic or Latino Americans, Native Americans, women or combinations of persons from these groups. These firms and non-profits are pivotal contributors to the US economy, adding billions of dollars to US GDP and g...
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