Showing posts with label Minority Business Owners. Show all posts
Showing posts with label Minority Business Owners. Show all posts

Friday, August 19, 2022

Donald Cravins Jr. Confirmed as First Ever Undersecretary of Commerce for Minority Business Development

U.S. Secretary of Commerce Gina Raimondo announced that Donald R. Cravins, Jr. will be the first-ever Under Secretary of Commerce for Minority Business Development for the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). Under Secretary Cravins will lead MBDA in its service of the nation’s 9.7 million minority business enterprises (MBEs) following the agency’s historic elevation in authority and influence as mandated by the Minority Business Development Act of 2021.

“Mr. Cravins’ confirmation as Under Secretary of Commerce for Minority Business Development is a momentous milestone as MBDA elevates and expands its work to support minority businesses across the country,” said Secretary Raimondo. “In his new position, I fully expect him to continue to provide the type of leadership that will lay the foundation for MBDA to usher in numerous opportunities for enterprise growth, research, and development and ensure minority businesses can compete and succeed.”

Cravins was unanimously confirmed by the Senate on August 4, 2022. Prior to joining MBDA, Cravins was a practicing attorney and a member of the Louisiana Bar Association since 1998. In 2004, he was elected to the Louisiana House of Representatives, and in 2006 he was elected to the Louisiana State Senate. During his tenure as Louisiana State Senator, Don was heavily involved in post-Hurricane Katrina recovery, working as the Chairman of the Senate Insurance Committee. He was also an active member of the Juvenile Justice Commission of Louisiana and is an active member of the Army National Guard.

In January of 2009, Cravins left the Louisiana Legislature to serve as Staff Director and Chief Counsel for the United States Senate Committee on Small Business and Entrepreneurship. In January of 2013, he began serving as Chief of Staff for U.S. Senator Mary L. Landrieu of Louisiana. Just before his selection as Under Secretary, Cravins served as the Executive Vice President and Chief Operating Officer at the National Urban League, where he led the civil rights organization’s corporate Diversity, Equity, and Inclusion Initiative.

"It is an honor to serve as the nation's first Under Secretary of Commerce for Minority Business Development. I have spent my life dedicated to fostering and advancing minority entrepreneurship, and I am excited to fully embrace the mission of MBDA,” said Mr. Cravins. “I look forward to leading the team of professionals at MBDA and working to ensure minority business enterprises are provided the support and resources they need to succeed in urban, rural, and tribal communities."

Established by an Executive Order in 1969, MBDA is the only federal agency solely dedicated to the growth and global competitiveness of U.S. minority-owned businesses. In 2021, President Biden signed the Minority Business Development Act of 2021, mandating MBDA’s elevation into a pivotal government leader and prioritizing the success of America’s MBEs like never before. The Act expands the reach and scope of the organization by establishing senate-confirmed leadership, establishing a grants program, building an advisory council, and establishing the MBDA as the United States’ newest federal agency.

Thursday, January 10, 2019

Top 10 Grants Available to Black, Minority Business Owners

(BLack PR Wire) Every year billions of dollars are awarded in the form of free money and other types of funding. Most people know this money exists, but just don’t know where to apply, how much they qualify for, or even where to get an application. Contrary to popular belief, free money is available to entrepreneurs. Real business grants do exist. In fact, hundreds of black and minority-owned businesses each year receive such grant funding from various government agencies and nonprofit organizations, reports BlackNews.com. Such funds do not have to be repaid, but must be used to either start a new business or enhance an existing one. Others can be used for innovation research.

Whether needed for growth or startup business funding, here are the top 10 grants available to black, minority business owners
 1. The FedEx Small Business Grant Contest is a nationwide competition that will award $50,000 in total to six deserving U.S-based entrepreneurs and business owners. Go to www.businessgrants.org/opportunities/fedex_small_business_grant_contest.html

2. The National Association for the Self Employed (NASE) Growth Grants Program allows business owners to apply for financing a particular small business need. Past recipients used funds to purchase computers, hire part-time help, and create marketing materials. Visit www.businessgrants.org/opportunities/national_association_self_employed_nase_business_grants.html

3. The Dare to Dream Grant Program encourages students to move through the business creation process by offering business development seminars and up to $10,000 in funding. Learn more at www.businessgrants.org/opportunities/dare_to_dream_grant_program.html

4. The Miller Lite Tap the Future Business Plan Competition (formerly known as the MillerCoors Urban Entrepreneur Series) is an annual competition for minority business owners sponsored by Miller Lite. Designed to economically empower minority businesses, the program continues to invest in entrepreneurial dreams to empower urban communities. Learn more at MLTaptheFuture.com

5. The Small Business Administration (SBA) administers several competitive business grant programs, ensuring that the nation’s small, high-tech, innovative businesses are a significant part of the federal government’s research and development efforts. Check out www.businessgrants.org/opportunities/sbir_small_business_research_innovation_grants.html

6. The Minority Business Development Agency (MBDA) organizes various angel investors with the primary objective of supporting minority businesses with mezzanine and second round financing. Learn more at www.businessgrants.org/opportunities/minority_business_development_agency_mbda_business_grants.html

7. The Rural Business Enterprise Grants (RBEG) Program provides grants to finance the development of small and emerging businesses in rural areas. The funds can be used for land acquisition, construction, renovation, technical assistance, project planning, and more. Visit www.businessgrants.org/opportunities/rural_business_enterprise_grants_rbeg_program.html

8. The Huggies MomInspired Grant Program awards grants and business resources to moms to further the development of original product ideas and startup businesses. Learn more at www.businessgrants.org/opportunities/huggies_mom_inspired_grant_program.html

9. The DOT Disadvantaged Business Enterprise (DBE) program is intended to ensure nondiscrimination in the award and administration of DOT-assisted contracts in the Department’s highway, transit, airport, and highway safety financial assistance programs. Learn more at www.businessgrants.org/opportunities/dot_disadvantaged_business_enterprise_program.html

10. The Small Business Innovation Research (SBIR) program provides grant funding to small businesses to engage in biomedical or behavioral research/development that leads to a potential for commercialization. Go to www.businessgrants.org/opportunities/sbir_small_business_research_innovation_grants.html