Our History

This is where we come from

Our History


The Minority Business Development Agency (MBDA) was originally established as the Office of Minority Business Enterprise by President Richard M. Nixon on March 5, 1969. By establishing a federal agency dedicated exclusively to minority business enterprises, President Nixon recognized the impact of minority businesses on the nation’s economy and on the general welfare of the country.

Minority-owned businesses have a competitive advantage in exporting. According to the U.S. Census Bureau and other statistical data, MBE’s are twice as likely to export versus non-minority companies. They are three times as likely to have international operations, and six times as likely to transact business in a language other than English. Another fact is they are export leaders in 14 key industry sectors.

Minority businesses have a competitive advantage in global trade based on their cultural ties, language skills, and nimbleness. Today, the importance of minority-owned businesses as a key component of U.S. international trade has never been greater.

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