Range and Average of Financial Assistance: $155,000 to $400,375. PROGAM ACCOMPLISHMENTS: In fiscal year 1999, MBDA funded business development centers in approximately 50 locations that provided management and technical assistance to minority business enterprise clients. Of the 11,000 clients who received assistance in fiscal year 1999, 7,819 represented actual operating business enterprise clients. Clients were assisted to obtain $706 million in financial packages and $548 million in procurement contracts from financial institutions and procurement sources, respectively. REGULATIONS, GUIDELINES, AND LITERATURE: There are no applicable regulations in the Code of Federal Regulations (CFR). INFORMATION CONTACTS: Regional or Local Office: Contact nearest Minority Business Development Agency Regional Office. Headquarters Office: Juanita E. Berry, Chief, Field Coordination Division, Room 5079, Minority Business Development Agency, Department of Commerce, 14th and Constitution Avenue, NW., Washington, DC 20230. Telephone: (202) 482-6022. Use the same number for FTS. Web Site Address: http://www.mbda.gov. EXAMPLES OF FUNDED PROJECTS: In FY 1999, a local community based organization won the competition to operate the MBDC in Philadelphia and is leveraging public/private resources to provide management and technical assistance to eligible minority clients to foster the development and operation of businesses.
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