The 47th president is hollowing out America’s only agency for minority business
The dismantling of the Minority Business Development Agency — the nation’s only federal agency dedicated to supporting minority and other disadvantaged entrepreneurs — threatens millions of small businesses that rely on its technical assistance and capital access. As the 47th president’s administration hollows out the agency’s remaining staff and infrastructure, experts warn that its loss would deepen economic inequities and undermine U.S. competitiveness.
The dismantling of the Minority Business Development Agency — the nation’s only federal agency dedicated to supporting minority and other disadvantaged entrepreneurs — threatens millions of small businesses that rely on its technical assistance and capital access. As the 47th president’s administration hollows out the agency’s remaining staff and infrastructure, experts warn that its loss would deepen economic inequities and undermine U.S. competitiveness.
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