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MBDA and DoD Announce Partnership to Bolster Minority Business Enterprise Participation in Defense Sector
Nov 20, 2024•over 1 year ago
Contract Type
partnership
Description
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) and the Department of Defense (DoD) have announced a partnership aimed at ensuring minority business enterprises (MBEs) have equitable opportunities to participate in the defense sector. The partnership will leverage collective insight, networks, and programs to strengthen resources and utilize data-driven initiatives to improve the participation of MBEs in the defense sector.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months