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Rep. Chu Celebrates 45th Anniversary of the Minority Business Development Agency

March 5, 2014
Press Release


WASHINGTON, D.C. – Today, Congresswoman Judy Chu (D-CA) released a video recognizing the 45th anniversary of the Minority Business Development Agency (MBDA). The MBDA has led federal government efforts to provide business support to over 5.8 million minority-owned businesses.

“For nearly half a century, the Minority Business Development Agency has worked tirelessly to promote the growth and competitiveness of the minority business community.said Rep. Chu. Minority-owned businesses contribute to local economies and provide much needed jobs for Americans of all backgrounds and cultures.

Over the last five years alone, the MBDA has helped businesses gain access to over $19 billion in contracts and capital, creating and retaining nearly 60,000 jobs.

As we commemorate the 50th anniversary of the War on Poverty and strive to strengthen our global competitiveness, we look to our minority-owned businesses as the front lines of job creation, spurring economic growth and promoting wealth creation throughout our nation. Chu continued. The growth of America’s workforce will come from our nation’s rapidly growing minority populations and I am certain the MBDA will continue to foster strong minority-owned business for our nation to achieve its full potential.