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MBDA Taking Applications for $300,000 Grant Award in Minority Business Enterprise Equity Multiplier Project

  • $300,000 grant award announced to assist minority-owned businesses in accessing capital and technical assistance
  • Grant is associated with the Minority Business Enterprise Equity Multiplier Project
  • Submissions must be made by June 30

Summary by Dirk Langeveld

The Minority Business Development Agency and Commerce Department have announced the opening of a grant competition designed to assist minority-owned businesses with access to capital and technical assistance.

The award is connected to the Minority Business Enterprise Equity Multiplier Project, whose goals include strengthening minority-owned businesses’ capacity building and venture capital readiness; better access to equity, venture investment, and investors; creating jobs; and technical assistance.

One $300,000 grant award will be given to support a project with performance occurring in any state, U.S. territory, or the District of Columbia. Submissions will be accepted through June 30.

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