7 days agoTrump Proposes $810M Funding Cuts Impacting Maryland's Minority Business Programs
President Trump has proposed $810 million in funding rescissions just before the fiscal year ends, affecting numerous federal programs. Maryland officials express concern that these cuts, particularly to the Minority Business Development Agency, will harm local services and minority-owned businesses reliant on federal support.
91 days agoAudit Exposes Major Oversight Flaws at Minority Business Development Agency
An OIG audit revealed that **96%** of transactions at the **MBDA**, totaling around **$16 billion**, lacked proper oversight. This finding not only indicates significant weaknesses in compliance but also suggests potential reforms in **minority business support programs** moving forward.
113 days agoSenators Call for Reinstatement of Minority Contracting Programs at DOT
U.S. Senators urge the Department of Transportation to reinstate the Disadvantaged Business Enterprise (DBE) and ACDBE programs. The suspension of these initiatives could hinder participation for nearly 50,000 minority businesses, raising project costs and stalling key infrastructure projects nationwide.