Political Quotes

“I rise to speak in support of amendment No. 2478, which would make permanent and expand the Minority Business Development Agency, or the MBDA, which is the only Federal Agency to focus exclusively on the needs of minority businesses. This amendment is based on the Minority Business Resiliency Act, which I introduced in April, and the language is identical to what was passed out of the Commerce Committee earlier today by a voice vote. I want to thank Senator Wicker and Senator Cantwell of the committee for their help in getting this to the floor. I also want to thank Senator Tim Scott, Senator Cornyn, and Senator Baldwin, who were also cosponsors of this amendment, for helping us reach this moment. This amendment will give the Agency the resources and leadership necessary to help underserved entrepreneurs overcome historical barriers to small business ownership, innovate and start and grow successful businesses, and create jobs. This Agency will also partner with Historically Black Colleges and Universities and other minority-serving institutions to reach rural minority business enterprises and create a regional network supporting entrepreneurial education and help to coordinate Federal resources in service of minority business enterprises. Last year, the MBDA programs and services helped minority businesses secure nearly $8 billion in contracts and capital, and created nearly 12,000 jobs.…”