San Antonio minority business development center to get infusion of federal funds

Originally Published on Sep 17, 2013, 10:49am CDT James AldridgeWeb Editor- San Antonio Business Journal

Officials with the U.S. Department of Commerce’s Minority Business Development Agency has invested an additional $225,000 to the San Antonio MBDA Business Center to expand outreach efforts.

The local center is housed at the University of Texas at San Antonio’s Institute for Economic Development at the downtown campus. The funds are part of the agency’s multi-year strategy to reduce administrative and operational costs so that the center can better serve San Antonio’s minority business community, according to Commerce Department officials.

In addition to San Antonio, the agency is awarding supplemental funding to centers in Atlanta ($150,000), Chicago ($150,000), Los Angeles ($75,000) and Puerto Rico ($75,000).

“These supplemental funds will ensure that five MBDA Business Centers can provide even more assistance to minority-owned businesses to create American jobs and grow the economy,” says MBDA National Director David A. Hinson.

These centers provide technical training and assistance to minority business entrepreneurs to help them launch and grow their businesses.


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