The N.C. Department of Administration’s Office for Historically Underutilized Businesses has been awarded a 5-year grant in the amount of $385,000 from the U.S. Commerce Department’s Minority Business Development Agency (MBDA) to establish and operate the N.C. MBDA Business Center. The program will aid in the growth of North Carolina’s minority business enterprise (MBE) firms in the areas of business development and capacity building.
“Diverse businesses are critical to the success of our state’s communities and economy,” said Gov. Roy Cooper. “This Center will help historically underutilized businesses grow and create more jobs as North Carolina emerges from this pandemic stronger than ever.”
With the awarded funding, North Carolina will join 21 states and territories offering MBDA business and specialty center programs across the country.
“This grant could not have come at a better time as it will provide much needed support to minority-owned businesses disproportionately impacted by the pandemic,” said N.C. Department of Administration Secretary Pamela B. Cashwell. “Minority-owned businesses are significant to our state’s economy and the MBDA Business Center will be essential in nurturing minority business enterprise firms, providing opportunities and resources to assist in the post-pandemic world.”