Who is the head of the Minority Business Development Agency?
David J. Byrd
WASHINGTON, June 17, 2020 – Today, U.S. Secretary of Commerce Wilbur Ross announced that David J. Byrd will be the new National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA).
What is minority Agency?
The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States’ minority-owned businesses, including Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses.
What is the MBDA of the U.S. Commerce Department and why was it formed?
The Minority Business Development Agency (MBDA) is part of the U.S. Department of Commerce. MBDA is the only federal agency created specifically to foster the establishment and growth of minority-owned businesses in America.
How can I help a minority owned business?
Ways to Support a Black Business Owner or Black Owned Business
- Go out of your way to shop at black owned businesses.
- Promote black owned businesses on social media.
- Set a set amount of money in your budget to support black owned restaurants and businesses.
- Write and post reviews of great black owned shops and businesses.
What is the biggest Black owned business?
RLJ Lodging Trust, one of the largest publicly owned Black businesses, reported total assets of $5.92 billion in June 2020.
What state has the most black-owned businesses?
Maryland The Free State ranks 1st nationally for the most Black-owned businesses per 1 million people (1,213), and also ranks 1st in percent of the workforce employed by Black-owned businesses (3.49%).
What city has the most black-owned businesses?
Fayetteville, N.C., has the highest percentage of Black-owned businesses in the U.S., according to a new LendingTree study for Black History Month. Other metros in the South — including Washington, D.C. — join Fayetteville at the top of the list.