The U.S. Department of Commerce promotes job creation, economic growth, sustainable development and improved standards of living for all Americans by working in partnership with businesses, universities, communities and our nation's workers. The department touches the daily lives of the American people in many ways, with a wide range of responsibilities in the areas of trade, economic development, technology, entrepreneurship and business development, environmental stewardship, and statistical research and analysis.
The Department's Minority Business Development Agency (MBDA) promotes the growth of minority-owned businesses through the mobilization and advancement of public and private sector programs, policy, and research. The agency provides a range of grants and loans as well as information on loan packaging, private equity & venture capital sourcing.
Note: EEP funding is closed for FY 2020
The Department's MBDA is committed to leveraging its capabilities to help increase opportunities that formerly incarcerated minority persons face in trying to reenter the workforce. The EEP for Formerly Incarcerated Persons focuses on funding innovative projects to support and equip formerly incarcerated individuals with the skills, resources, and network to start their own businesses.
The Department's Economic Development Administration (EDA) FY 2020 Public Works and Economic Adjustment Assistance (PWEAA) programs provide economically distressed communities and regions with comprehensive and flexible resources to address a wide variety of economic needs. Projects funded will support work in Opportunity Zones and will support the Department's mission by leading to the creation and retention of jobs and increased private investment, advancing innovation, enhancing the manufacturing capacities of regions, providing workforce development opportunities, and growing ecosystems that attract foreign direct investment.
The OSDBU is an advisory office responsible for promoting the use of small, small disadvantaged, 8(a), women-owned, veteran-owned, service-disabled veteran-owned and HUBZone small businesses within the Department of Commerce's acquisition process.
Additional reentry and justice-related funding from the Department of Commerce can be found in Grants.gov.