Fresno MBDA Native Business Initiative for Transformation
We are very excited to report that our “Fresno MBDA Native Business Initiative for Transformation” has been a huge success! The collaboration with Private/Public sectors on projects that impacted Indian Country created unique job opportunities for our clients from 2021 to August 2024. Our outreach and business building efforts included close to 300 small businesses and employees to provide economic growth in some of our most underserved and rural area residents. Our numbers tell a great story – we outperformed our targeted goals in 9 out of the 10 areas of MBDA performance measures. Our team was able to facilitate over $18.5M in access to capital transactions.
Past Event
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The U.S. Department of Commerce Minority Business Development Agency’s (MBDA) mission is to foster the growth and global competitiveness of minority business enterprises (MBEs). MBDA accomplishes its mission by funding and working cooperatively with Business Centers that assist clients that are socially or economically disadvantaged, regardless of race or ethnicity, by facilitating transactions through referrals, business consulting, contract bid/proposal preparation, loan packaging, and/or matching contract opportunities and capital sources (i.e., loans, equity, bonding, etc.). In addition, Business Centers help clients to achieve their growth objectives by connecting them with prospective strategic partners through business-to-business matching, teaming arrangements, joint ventures, or other strategic advisory services.
