Severe Budget Cuts Threaten Minority Business Development Agency’s Support for Entrepreneurs

The Minority Business Development Agency (MBDA), established in 1969 to support minority entrepreneurs, faces significant challenges due to recent budget cuts. These reductions jeopardize essential programs that provide technical assistance, access to capital, and business development services to minority-owned businesses. Advocates warn that diminishing MBDA's resources could widen economic disparities and hinder the growth of diverse enterprises. As the agency grapples with financial constraints, the future of equitable business support hangs in the balance.