MBDA Enterprising Women of Color Grant

Grant Overview

MBDA Enterprising Women of Color Business Center Grant Program

Donor: The Minority Business Development Agency (MBDA)

About: The MBDA Enterprising Women of Color Business Centers are designed to support minority women entrepreneurs across the U.S. and its territories. These centers offer a range of services, including technical and management education, business development assistance, and access to contracts and capital. The primary goals are to enhance the capacity of minority women-owned firms and to create and retain jobs by facilitating contracts and financing opportunities. Supported by the U.S. Department of Commerce, these centers play a critical role in fostering economic growth and competitiveness within minority communities.

The MBDA Enterprising Women of Color Business Center provides innovative services such as the Ascend Capital Accelerator, a 10 to 12-week program offering asset-based development through interactive workshops and personalized support. The centers also offer cutting-edge training, networking opportunities, and procurement assistance, specifically tailored for minority women-owned businesses.

These initiatives align with MBDA’s broader mission to promote the growth and competitiveness of minority business enterprises, thereby contributing to the overall economic development of underserved communities. To fully leverage these opportunities, businesses are encouraged to seek professional grant research and application services from Grantaura, ensuring they meet all eligibility criteria and submission requirements.

Focus: Business development, Capacity building, Contract acquisition, Capital financing, Job creation, Technical and management education, Networking opportunities

Region: United States and its territories

Eligibility:
-Minority women entrepreneurs
-Minority women-owned firms
-Businesses located in the U.S. and its territories
-Eligible for technical and management education services
-Eligible for business development assistance

NOTE: The grant is aimed at organizations operating MBDA’s Minority Business Centers across the United States. MBDA does not directly provide loans or grants to start or expand individual businesses; the grants are specifically for organizations running these centers.

Benefits:
-Access to contracts and capital
-Business development services
-Technical and management education
-Networking opportunities
-Job creation and retention support

Deadline: Ongoing

Terms:
-MBDA: Minority Business Development Agency, a bureau of the U.S. Department of Commerce that promotes the growth and competitiveness of minority business enterprises.
-Enterprising Women of Color Business Center: A program under MBDA focused on supporting minority women entrepreneurs through business development services, education, and access to capital and contracts.
-Minority Business Enterprises (MBEs): Businesses that are at least 51% owned, operated, and controlled by one or more minority individuals.
-Ascend Capital Accelerator: A 10 to 12-week program offering asset-based development through interactive workshops and personalized support for women entrepreneurs.