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Minority Business Development Agency Invests $1.9 Million in Future Forward Industries and Initiatives

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is announcing grant recipients selected to advance the global competitiveness of minority business enterprises (MBEs) through programs in emerging technologies and other high-tech industries.



“Changing demographics are creating tremendous opportunities for minority business enterprises. As key drivers of the economy, MBEs have a unique role to play in catalyzing inclusive growth in their communities,” said MBDA National Director Henry Childs, II. “To ensure MBEs remain competitive in the economy of the future, MBDA made strategic investments in the space economy, technology transfer, and virtual business centers.”

The grant recipients include:

Space Commerce:

· United States Space Foundation ($400,000) to educate and inspire the minority business community,

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