Who We Serve
The Louisiana MBDA Business Center (Center) is neither an incubator nor an accelerator. Incubators typically provide office space and access to experts for small businesses. Accelerators tend to work with startups to provide legal and business services or help entrepreneurs turn ideas into businesses. The Center’s clients are existing businesses that are generating approximately $500,000 or more in annual revenue and are looking for ways to further develop their businesses and increase capacity. Our clients are U.S. companies that are 51% owned or controlled by African Americans, Asian Americans, Hasidic Jewish Americans, Hispanic Americans, Native Americans (including Alaska Natives, Alaska Native Corporations, and Tribal entities), Asian Indian Americans, and Pacific Islanders. We focus on securing domestic public and/or private contracts and financing transactions, exports, and job creation for “eligible minority-owned businesses.”
Through the Department of Commerce, MBDA, Southern University Law Center, our strategic partners, and stakeholders, our MBEs have access to a nationwide community of experts and individuals engaged in technology, innovation, professional services, leading-edge business practices, and funding.
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is an entrepreneurial-focused and innovative organization, committed to minority business enterprise and wealth creation. The mission of the MBDA is to foster growth and global competitiveness of U.S. minority-owned businesses. To provide business and technical assistance that helps new and existing MBEs experience significant growth and sustainability and have a long-term economic impact through the creation of jobs and revenue.