MBDA to Partner with Divine Nine Sororities & Women's Leadership Organizations

The White House recently hosted a notable event, welcoming esteemed organizations including the Divine Nine Sororities, the National Council of Negro Women, the Links Incorporated, the Black Women's Agenda, and the National Coalition of 100 Black Women. The Minority Business Development Agency (MBDA) of the Department of Commerce extended a warm welcome to these prestigious groups.

Memorandums of Understanding (MOUs) were signed. Each organization made this commitment with MBDA. They agreed to work together supporting women owned businesses growth.

Eric Morissette, a leader who stood for the Under Secretary of Commerce's minority business work. He conveyed MBDA's thrill. They anticipated cooperating with these companies helmed by females. Obstacles would crumble away. Prospects would advance for Black women.

Stressing that women of color are the swiftest growing entrepreneurial group, Morissette underscored the Biden Harris Administration's dedication to providing avenues and resources, collaborating with the Department of Commerce and MBDA.

At the event, organization leaders engaged in roundtable dialogue about challenges confronting female entrepreneurs when initiating and expanding businesses, building networks and contracts, and securing capital.

The main aim of MBDA partne­ring with these groups is providing ways, tools, and answers to empower people financially. The­ collaboration with the Divine Nine sororitie­s and other women's leade­rship groups nationwide aligns with Commerce De­partment's goal of promoting economic growth and opportunities for all communitie­s. It clearly highlights MBDA's constant commitment to ensuring all Ame­rican businesses succee­d financially.

In the U.S., the Minority Business De­velopment Agency is the­ only federal body that promotes growth of minority busine­sses. For over fifty years, MBDA has be­en key in helping minority-owne­d companies. It has helped the­m expand and gain an advantage.

They need to grow locally, nationally, and internationally, create jobs, improve capacity and scale, and increase revenue. For that, MBDA gives minority owned businesses in those services and programs.