2022 Year in Review
Donald R. Cravis, Jr., Minority Business Development Agency (MBDA)
2022 was a historic year for the Minority Business Development Agency (MBDA). This marks the first full calendar year since President Biden signed into law the Minority Business Development Act on November 15, 2021. It continues to be the honor of my lifetime to serve at the helm of MBDA during this exciting new chapter in the Agency’s 53-year history.
Congress and the Biden Administration mandated the elevation of the MBDA as the leader for America’s businesses and entrepreneurs of color. This Act grants MBDA a bold new mission to evolve and to both strengthen our efforts serving individual businesses and break down the systemic barriers holding back minority businesses and entrepreneurs. I’m excited to say our mission is firmly underway. Our Agency is a lready implementing policies and initiatives to fulfill its elevated role as the Federal Government’s driving force for businesses and entrepreneurs of color.