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Tacoma Awarded $2M Grant to Expand Support of Minority-Owned Businesses

Tacoma Awarded $2M Grant to Expand Support of Minority-Owned Businesses

Courtesy of UW Tacoma

The U.S. Department of Commerce Minority Business Development Agency (MBDA) has awarded the City of Tacoma a $2 million grant to support its MBDA Business Center, which has served growing minority-owned businesses in the local area and region since September 2016.

Through June 30, 2026, the City will receive $400,000 annually in federal funds over a five-year period, as long as satisfactory performance is met and congressional appropriations are made.

The City stated that, with these grant dollars, it will continue its work to help minority-owned businesses in the local area and region access capital and contracts, and expand market opportunities at home and abroad. They will be supported by a federal team of MBDA staff, and receive business development and grant management training annually.