Minority Business Enterprise Centers for Minority-Owned Businesses
Page 2

The Minority Business Development Agency has designed the Minority Business Enterprise Centers to provide clients with management and technical assistance, and the same time prohibit them from providing the clients with loans and financial assistance.

The MBDA is will enter into cooperative agreements with eligible applicants and can provide funds ranging from $155,000 to $400,375.

Institutions or organizations will be considered eligible to operate a Minority Business Enterprise Center if they are of the following:

a) Nonprofit organizations

b) For-profit firms

c) State and Local governments

d) Native American tribes

e) Educational institutions

The Catalog of Federal Assistance has outlined that the beneficiaries of the Minority Business Enterprise Centers include Americans, Native Americans, Aleuts, Asian Indians, Asian Pacific Americans, Eskimos, Hasidic Jews, Puerto Rican, and Spanish-Speaking Americans who owns minority businesses.

The Department of Commerce, the primary agency funding the MBEC program, is the country's principal agency responsible for ensuring the growth and development of the economy and technological advancements through vigilance in international and domestic trade policies.

In the fiscal years 2006 and 2007, the Minority Business Enterprise Centers was able to assist 4,254 clients and obtain a minimum of $614,269,965 in combined financings and contracts.

Minority Business Enterprise Centers for Minority-Owned Businesses
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Grants for Individuals

Grants for Woman Head of Households
Being a single mom these days can be so tedious, generally statistics say that single moms are one of the most disadvantaged parties in the United States....

---

National Endowment for the Humanities: National Digital Newspaper Program
The goal of the National Digital Newspaper Program is to crate a national digital resource of historically significant newspapers published between the years 1836 and 1922, from all of the States and its territories.

---

United States Agency for International Development: Citizen Engagement and Elections Project in Mongolia
The Citizen Engagement and Election Projects in Mongolia aims to encourage increased citizen participation, mobilization and education during the months prior to the Mongolian parliamentary elections in 2012.

---

Department of Homeland Security: 2011 Earthquake Technology Transfer
The Federal Emergency Management Agency(FEMA), under the DHS, has constituted the Earthquake Technology Transfer Cooperative Agreement program.

---