Federal Govt. Minority Contracting
History, legal challenges, set-asides, economics, effectiveness, criticisms, race-neutral vs. race-conscious approaches.
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The Minority Business Development Agency (MBDA) was established in 1969 as the only Federal Agency to specifically intended to increase opportunities for minority individuals to participate fully in the free enterprise system through the formation, development and preservation of competitive minority-owned firms (Richardson, 1995, p. 26). To accomplish its mission, MBDA facilitates the delivery of business development assistance through professional public and private business service providers, leverages financial resources to foster partnerships among and between the public and private sectors, and expands market opportunities for minority-owned firms for both…