# MBDA Capital Readiness Program (11.034)

Source: https://welltoldgrants.com/programs/11-034-mbda-capital-readiness-program/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated November 7, 2026.

MBDA Capital Readiness Program is run by Department of Commerce. From fiscal 2021 to 2025 it awarded $103 million in 38 grants, about $2.7 million per award.

## Objectives

The Minority Business Development Agency’s (MBDA) Capital Readiness Program (Program) was designed to help close the entrepreneurship gap between socially and economically disadvantaged individuals (SEDI) and non-SEDI. This program funded qualified organizations that had the expertise to provide technical assistance for entrepreneurs starting or scaling their businesses who was seeking various forms of capital.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $0 | 0 |
| 2022 | $0 | 0 |
| 2023 | $103 million | 38 |
| 2024 | $0 | 0 |
| 2025 | $0 | 0 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Young Women's Christian Association of Oahu | Hawaii | $3.0 million |
| The Community Development Venture Capital Alliance | New York | $3.0 million |
| Idaho Hispanic Foundation, Inc. | Idaho | $3.0 million |
| M. Gill & Associates, Inc | Florida | $3.0 million |
| National Urban League, Inc. | New York | $3.0 million |
| P33 | Illinois | $3.0 million |
| Arizona Hispanic Chamber of Commerce Inc | Arizona | $3.0 million |
| United States Hispanic Chamber of Commerce Educational Fund | District of Columbia | $3.0 million |
| Syracuse University | New York | $3.0 million |
| Northern Great Lakes Initiatives | Michigan | $3.0 million |
| The Urban League of Greater Atlanta, Inc. | Georgia | $3.0 million |
| Business Outreach Center Network, Inc. | New York | $3.0 million |
| Native American Development Corporation | Montana | $3.0 million |
| California Asian Pacific Chamber of Commerce | California | $3.0 million |
| Skills for Rhode Island's Future | Rhode Island | $3.0 million |
| University of Wisconsin System | Wisconsin | $3.0 million |
| Exponential Impact VC LLC | District of Columbia | $3.0 million |
| University of Arkansas for Medical Sciences | Arkansas | $3.0 million |
| Impact Hub Houston | Texas | $3.0 million |
| Covered Community | California | $3.0 million |