- HUBZone Program: HUBZone is a federal program sponsored by the U.S. Small Business Administration (SBA) that helps businesses in historically underutilized areas gain access to federal procurement opportunities.
- Minority Business Development Agency: This is a federal agency under the U.S. Department of Commerce that assists in the start-up and growth of minority-owned businesses in the U.S.
To be eligible for MBDA assistance, the business must be a minority business enterprise owned or controlled by one or more socially or economically disadvantaged persons AND the owner(s) must be Black, Puerto-Rican, Spanish-speaking American, American Indian, Eskimo or Aleut, Hasidic Jew, Asian Pacific American, or an Asian Indian.
Caucasians and women (unless otherwise qualified by race) are not considered minorities, and therefore are not eligible for participation in MBDA programs.
Small Business Administration Resources for Minority Business OwnersThe Small Business Administration offers many resources for minority business women, including:
- SBA Office of 8(a) Business Development: The 8(a) Program is a business development program created under Section 8(a) of the Small Business Act to help small disadvantaged businesses compete by offering assistance in gaining access to federal and private procurement markets. The program includes mentoring, procurement assistance, business counseling, training, financial assistance, surety bonding and other management and technical assistance.
- SBA Office of Native American Affairs: The Office of Native American Affairs ensures that American Indians, Native Alaskans and Native Hawaiians have full access to vital business start-up and growth tools available through the Agency’s entrepreneurial development, lending and procurement programs. The Office of Native American Affairs offers programs and resources to American Indians, Native Alaskans and Native Hawaiians seeking to create, develop and expand small businesses.