01/12/2024 | Press release | Distributed by Public on 01/12/2024 09:00
WASHINGTON, DC - Today, Donald R. Cravins, Jr., Under Secretary of Commerce for Minority Business Development, announced the formation of the U.S. Department of Commerce, Minority Business Development Agency's (MBDA) Minority Business Enterprise Advisory Council. As stated in The Minority Business Development Act of 2021, this council will advise and assist MBDA in their mission to promote the growth of minority owned businesses.
"The Minority Business Enterprise Advisory Council is a critical lever of MBDA's role as a leading authority for minority and underserved businesses," said Under Secretary Cravins. "We have selected nineteen leaders from the public and private sector with proven experience advancing opportunities for the businesses we serve. Their leadership and influence will be invaluable to MBDA's impact and mission to create a strong, equitable economy that gives every American a shot at building a successful business."
The Council is composed of nine private sector members and one representative from each of ten Federal agencies that support business formation, labor development, monetary policy, national security, energy, agriculture, transportation, and housing. Members of the Council serve a two-year term and may be reappointed.
The Council will advise the leadership of the Agency by:
Minority Business Enterprise Advisory Council Members
Private Sector Members
The Council will also include representatives from the following Federal agencies: