Duckworth, Durbin Announce $250,000 for Minority Business Development in Chicago
[WASHINGTON, D.C.] – U.S. Senators Tammy Duckworth (D-IL) and Dick Durbin (D-IL) today announced $250,000 in federal funding to help provide technical assistance and business development services to minority-owned businesses through Chicago Minority Supplier Development Council. This funding comes through the U.S. Department of Commerce’s Minority Business Development Agency (MBDA).
“If we want to create new economic opportunities for working families, we need to make it easier for minority owned businesses to access funding and development opportunities,” Duckworth said. “I’m proud to join Senator Durbin in announcing this funding for Chicagoans, and I will continue working with local advocates and federal officials to help encourage economic growth and create jobs.”
“Today’s funding will help ensure that minority-owned businesses have access to all the resources needed to grow and prosper, which in turn bolsters our entire economy,” Durbin said. “Since it was established 50 years ago, MBDA has helped businesses succeed, boosting economic development and creating jobs. Senator Duckworth and I will continue advocating for these important federal investments.”
The MBDA Exporting Project provides technical assistance and business development services through federal financial awards to generate increased financing, contract opportunities and greater access to new and global markets for minority business enterprises (MBEs). The project also identifies screens, promotes, and refers MBEs to exporting resources. In addition, the services provided will assist MBEs in creating and retaining jobs.
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