The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) named Meda (Metropolitan Economic Development Association) the top performing MBDA Business Center in the nation for the fourth consecutive year.
It was also awarded for the highest dollar amount in contract/procurement reaching $4.02 billion in the past year. These honors were announced last week at MBDA’s annual National Training Conference in Detroit.
“I am so proud of all the work we have done and honored to be recognized for that work for the fourth time” Gary Cunningham, Meda rresident and CEO, remarked. “These honors are thanks to the remarkable minority business owners Meda represents and the expertise of our wonderful staff. We, at Meda, are constantly trying exemplify and uplift the perseverance, tenacity and determination of the entrepreneurs we work with, and these honors highlight our collective success.”
In 2018, Meda served 974 minority businesses while helping organize 12 mergers and acquisitions. Meda obtained $17.2 million in financing, which it said created or retained 3,644 jobs. Also in the last year, Meda launched the Million Dollar Challenge, said to be the largest minority-exclusive entrepreneurial pitch competition in the nation.
“These awards are a reminder that the work we are doing matters,” said Dr. Barbara Butts Williams, chair of the Meda board. “These minority entrepreneurs are incredibly deserving of all of their successes, and these awards are another chance to celebrate the work we have done together to elevate our community.”