According to Politic365, "Officials from the Commerce Department briefed members of Congress..to inform them that the Obama Administration plans to close all five regional Offices of the Minority Business Development Agency.
According to members at the briefing the reason given was cost savings. The Office of Minority Business Development has a total budget of $30 million dollars. The five regional offices are located in Atlanta, Chicago, Dallas, New York, Los Angeles and San Francisco.
The Office of Minority Business Development‘s mission is to promote competitiveness and provide access to capital and contracts to minority businesses. In 1969 Richard Nixon established the Office of Minority Business Enterprise by executive order. During the Carter Administration the name was changed to the Office of Minority Business Development.
Present at the meeting with Commerce officials were Congressional Hispanic Caucus Chair Charlie Gonzalez (D-TX), Congressional Asian Pacific American Ca…
On January 21st, federal financial agencies established new offices devoted to ensuring minorities and women businesses are included in contracting opportunities. Moreover, these offices are still staffing up; therefore, professional opportunities also exist.The Dodd-Frank legislation that became law in the summer of 2010 include these provisions.Attend the Wednesday, January 26th Chicago Booth Black Alumni Association's evening program event in Washington, DC to learn more!Date: Wednesday, January 26, 2011 from 6:30 PM - 8:30 PM (ET)
Location: University of Chicago's Office 1730 Pennsylvania Avenue N.W. Suite 275 Washington DCClick here.