Minority Business Development Agency

Question:
Are women consider part of the minortiy group receiving small business start up grants? I'm not sure where to look. Please advise as to where I might find information on government grants for women's small business. Thank you in advance for your input.

MBDA Answer:

Please note, neither Caucasians nor women are considered a minority and are not eligible for participation in MBDA programs. There is a specific test for social and/or economic disadvantage. One is assumed to be disadvantaged by virtue of his/her cultural or racial make-up. Further, under 15 U.S.C. 1512, Section 1400 and our Executive Order 11625, to be eligible for MBDA assistance, a concern must be BOTH a minority business enterprise, which is a business enterprise that is owned or controlled by one or more socially or economically disadvantaged persons AND a member of one of the following eligibility groups: Blacks, Puerto-Ricans, Spanish-speaking Americans, American Indians, Eskimos and Aleuts, Hasidic Jews, Asian Pacific Americans, and Asian Indians. In general, the Minority Business Development Agency (MBDA), U.S. Department of Commerce, provides direct business development services to minority businesses through a network of Native American Business Development Centers (NABDCs), located in key states, and Minority Business Development Centers (MBDCs) located in most major cities throughout the County. Neither MBDA nor the NABDCs/MBDCs provide direct loans or grants to qualified minorities or minority businesses. For a nominal fee, an MBDC maybe able to provide a Minority Business Entrepreneur (MBE) with services such as management and technical assistance, financial planning, loan packaging, assistance in business expansions, business saves and business startups. These are just a few of the services the Centers provide to qualified minorities. For further minority business information, you can contact our MBDA New York Regional Office at (212)264-3262 or email them at vog.adbm|ofni-oryn#vog.adbm|ofni-oryn. They will be able to refer you to the Minority Business Development Center close to your business who may be able to provide some assistance. In the event that you are not an MBE, the U.S. Small Business Administration (SBA) offers similar business consulting services to all small businesses through its Small Business Development Center (SBDC) program. You can contact SBA at its toll free Answer Desk at 1-800-827-5722 for the phone number of the nearest SBDC located near your residence. In regard to your special situation, we recommend that you go to the Search Engine at Google Websearch at www.google.com. This is a good site for searching for financing. In addition, you may want to contact both your city and county offices of economic development to see what assistance is offered. The Program Number 11.800 relates to cooperative agreements between MBDA and organizations to operate our MBDCs/NABDCs. These cooperative agreements are awarded competitively for one year, with two-one year renewal options based upon performance. I thank you again for your interest and I wish you success in your endeavors.

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