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MBDA Awards Almost $2M to Four HBCUs

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) has awarded almost $2 million to four historically Black colleges and universities (HBCUs) in an effort to increase their ability to qualify for and received federal research and development funding; create partnerships with technology resources; increase STEM entrepreneurship and compete for federal contracts.

The institutions that received the awards include Clark Atlanta University ($499,497), Howard University ($359,891), South Carolina State University ($404,992) and Tougaloo College ($695,412) and comes as a part of the 2018 MBDA Broad Agency Announcement, according to an MBDA release.Mbda Logo

MBDA is the only federal organization dedicated to the expansion and global competitiveness of American minority-owned businesses through the mobilization and development of private and public section research, policy and initiatives.