MBN USA Portal

MBN USA

July 12, 2024

Nominations open for MBDA's 2024 MEDWeek awards

For over five decades, the U.S. Department of Commerce Minority Business Development Agency (MBDA) has played a pivotal role in nurturing the expansion and global competitiveness of the nation's minority business enterprises. MBDA has been a trailblazer in gaining public acknowledgment of the achievements and economic contributions made by minority-owned businesses, which now number over 10 million.

Since its establishment in 1983, the National Minority Enterprise Development Week Awards, a pinnacle recognition conferred by the U.S. Department of Commerce upon minority business enterprises has celebrated outstanding accomplishments. With over 300 awards presented, this accolade, bestowed during National Minority Enterprise Development (MED) Week, pays tribute to the exceptional achievements of entrepreneurs and the unwavering commitment of individuals and organizations dedicated to fostering the growth of minority business enterprises.

Three years after the enactment of the Minority Business Development Act of 2021, solidifying the permanence of the MBDA, it remains essential to eliminate barriers, including limited access to capital, networks, and resources, to ensure economic prosperity for all Americans.

Entrepreneurship stands as a potent catalyst for wealth creation, and each day, minority business enterprises contribute significantly to our nation's growth by creating jobs, generating revenue, and stimulating local economies. National MED Week Awards continues to empower communities by highlighting individuals who drive the entrepreneurial process from idea generation to developing economically viable and resilient business models.

Questions? Please email:

[email protected]

There are three main award categories:

MINORITY BUSINESS ENTERPRISES OF THE YEAR