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 - Applying for a Grant

Getting Started on your Government Grant
Most people in the United States are either unaware of, or biased against, government grants. They feel that applying for a grant involves too much red tape, and there is the popular myth that there are always strings attached. In reality, getting government grants is easy, and there...

---

Grants From The Department of Labor
The Department of Labor was primarily created to nurture, promote and develop the welfare of job seekers, wage earners, and retirees of the United States of America, as well as to improve the country's working conditions, advance employment opportunities and ascertain work-related rights and benefits.

---

Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.

---

National Institute of Food and Agriculture: Community Food Projects Competitive Grants Program
NIFA has recently constituted the Community Food Projects Competitive Grants Program (CFPCGP) wherein they plan to administer grants amounting to $5,000,000 to be utilized in funding the project.

---