On Wednesday, February 22, 2023, the U.S. Department of Commerce Minority Business Development Agency (MBDA), and the National Alliance for Black Business (NABB) signed a historic MOU during the NABB’s first annual National Black Business Policy Conference in Washington, D.C. The NABB was co-founded by the National Business League (NBL) and the National Black Chamber of Commerce (NBCC), which represent a combined 153 years of service to Black businesses and are now collectively working to organize a unified national black economic agenda.

“This historic agreement between MBDA and the NABB will strengthen our collective mission to create a strong, equitable economy for all minority businesses and entrepreneurs,” said Donald R. Cravins, Jr., Under Secretary of the Minority Business Development Agency. “Both MBDA and the NABB have uplifted Black businesses in the decades since they were formed. But together under this agreement, we can break down more barriers, open new opportunities, and create greater access for even more minority entrepreneurs and founders to thrive.”

About the Minority Business Development Agency (MBDA)

The MBDA, as part of the U.S. Department of Commerce, is the only federal agency created specifically to foster the establishment, growth, and global competitiveness of minority-owned businesses in America. The agency is committed to wealth creation in minority communities. Visit www.mbda.gov.

About the National Alliance for Black Business (NABB)

The NABB represents a historic partnership between the NBL, the NBCC, and a consortium of Black-led national organizations dedicated to a unified global Black business agenda. Visit www.nationalallianceforblackbusiness.com

About the National Business League (NBL)

The NBL, founded by the legendary Booker T. Washington, is the nation’s first and oldest trade association for Black business and celebrates 123 years of service to Black business and the African diaspora. Visit www.nationalbusinessleague.org

About the National Black Chamber of Commerce (NBCC)

The NBCC is the largest federation of Black Chambers of Commerce in the world and celebrates 30 years of service to Black businesses throughout the United States and internationally. Visit www.nationalbcc.org