Legal Definitions - MBDA

Definition: MBDA stands for Minority Business Development Agency. It is an agency that helps minority-owned businesses grow and succeed.

Example: The MBDA provides resources and support to minority entrepreneurs, such as access to capital, contracts, and technical assistance.

Explanation: The MBDA is a government agency that aims to promote the growth and development of minority-owned businesses. They offer a variety of services and resources to help these businesses succeed, including access to funding and contracts, as well as technical assistance and training. By providing these resources, the MBDA helps to level the playing field for minority entrepreneurs and promote economic growth in underserved communities.