Minority Business Development Agency Seeking Award Nominations

Winners of 2018 MBDA Annual Awards

The U.S. Minority Business Development Agency is accepting nominations for its National Minority Enterprise Development Week Awards. Bestowed by the Department of Commerce since 1982, the awards recognize minority-owned business enterprises for outstanding achievements in three different categories: Minority Firms of the Year, Champions of Minority Business Development and Individual Achievement. Each category is further broken down as follows:

Firms of the Year

  • Minority Construction Firm of the Year
  • Minority Export Firm of the Year
  • Minority Manufacturing Firm of the Year
  • Minority Health Products and Services Firm of the Yea
  • Minority Innovative Technology Firm of the Year
  • Minority Marketing and Communications Firm of the Year
  • Minority Professional Services Firm of the Year
  • Minority Veteran-Owned Firm of the Year
  • Robert J. Brown Minority Enterprise of the Year

Champions of Minority Business Development

  • Access to Capital Award
  • Advocate of the Year
  • Distinguished Supplier Diversity Award

Individual Achievement

  • Abe Venable Legacy Award for Lifetime Achievement
  • Ronald H. Brown Leadership Award

Award winners will be announced in September. Award presentations will take place during National Minority Enterprise Development (MED) Week, September 9 through 13, 2019.

Nominations and Eligibilty

To be eligible for the Minority Business Development Agency Minority Firm of the Year Award in any of the above categories, a business must be owned or controlled by a member or group of members of a qualified minority. These include African Americans, American Indians, Alaska Natives, Hispanics, Asians, Native Hawaiians, Pacific Islanders, Asian Indians and Hasidic Jews.

Entities eligible for the Champions of Minority Business Development category include individual business owners or executives, representatives of state or local governments, nonprofit organizations, and universities, colleges and tribal entities. Individual Recognition awards are open to everyone regardless of ethnicity.

Nominations may be submitted by individuals or organizations. You may also nominate yourself or your business for an award. Additionally, Minority Business Development Agency staff and representatives from any MBDA business center may submit a nomination, although members of review panels and Selection Officials are barred from doing so.

Note: The deadline to submit a nomination is July 1, 2019. Find the nomination form and further instructions here.

How to Submit a Nomination

Before nominating a business in any of the above categories, read the instructions that accompany the nomination form, and gather any documentation you will need. For Firms of the Year nominations, this will include specific information about revenue growth, job creation, business challenges, and economic, social and environmental impacts made by the firm.

For the Champions of Minority Business Develpment Award, you will need to document specifically how the entity has helped improve access to capital for minority owned businesses. The submission should include data on dollar amounts of loans or other financial instruments provided and examples of how the funding was used.

Advocate of the Year nominations should include similar documentation, including a list of specific issues championed by the nominee and their accomplishments in advocating for minority owned businesses. Similarly, nominations for Distinguished Supplier Diversity Award should include the dollar amounts of goods and services purchased by the entity, the number and types of companies in its supply chain, and the approximate number of jobs created as a result of the firm’s commitment to working with minority-owned businesses.

For complete details on each award, see the Official MBDA Call for Nominations Brochure. You may also email medweekawards@mbda.gov or call 202-482-7950.

About Us

At the Carmoon Group, we work with women and minority business owners to help them realize their strategic goals. Our area of expertise is insurance and risk management, but our commitment to MWBEs goes far beyond that limited role. As a minority-owned business, we take our responsibility to mentor and advise others very seriously. Just let us know what we can do to help. Call us any time between 9 a.m. and 6 p.m.,  or reach out online and we will get back to you at a convenient time.

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