The Minority Business Development Agency continues to stand in full support of our minority communities. We are especially thankful for the minority-owned businesses and individuals who are combating COVID-19 – be they the healthcare workers or emergency responders as well as those in essential services such as mail delivery, grocery stores, laundry services, and many others.
Further, we recognize that minority communities and businesses have been particularly hurt and continue to face enormous challenges due to COVID-19. Many of these are small businesses and sole proprietorships that now, more than ever, need access to the available resources from the federal government.
At this very critical time, MBDA will support the minority business community with the deployment of federal funding under sections 1107 and 1108 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law by President Trump on March 27,2020.
Congress has authorized $10 million in supplemental funding for the current MBDA business centers and minority chambers of commerce for education, training, and advising small and minority business enterprises in their recovery from the effects of the COVID-19 crisis. Non-competitive awards will be distributed to existing MBDA Business Centers and minority chambers of commerce for an award period of June 1, 2020 through May 31, 2021.
MBDA recipients of CARES Act funding are required to dedicate staff members to support training and education as well as to focus on reporting the types of impacts COVID-19 has had on minority businesses.
MBE training, education, and consultation topics, provided by MBDA recipients, may include:
Continue to visit MBDA.gov for additional information and updates on MBDA’s implementation of CARES Act funding and other COVID-19 resources.
For more information on Coronavirus federal resources, updates, and what you should know, visit www.coronavirus.gov