Development, Small Business Administration, 409 Third Street, SW., Washington, DC 20416. Telephone: (202) 205-6421. Use the same number for FTS. Web Site Address: http://www.sba.gov. Minority Business Development FEDERAL AGENCY: MINORITY BUSINESS DEVELOPMENT AGENCY, DEPARTMENT OF COMMERCE AUTHORIZATION: Executive Order 11625, October 13, 1971; Department of Commerce Appropriation Act, Public Law 105-277. OBJECTIVES: The resource development activity provides for the indirect business assistance programs conducted by MBDA. These programs encourage minority business development by identifying and developing private markets and capital sources; expanding business information and business services through trade associations; promoting and supporting the mobilization of resources of Federal agencies and State and local governments at the local level; and assisting minorities in entering new and growing markets. TYPES OF ASSISTANCE: Project Grants. USES AND USE RESTRICTIONS: Funds will be used in support of the MBDA policy statement on funding business development programs. MBDA is charged under Executive Order 11625 with fostering new minority business enterprises and maintaining and strengthening existing firms to increase their opportunities to participate and receive the 92 benefits of our economic system. MBDA uses a portion of its program funds to award contracts, grants, and cooperative agreements to public and
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