About This Collection
PMBDA is designed to stimulate the creation, retention and expansion of minority owned businesses and to create jobs in Pennsylvania by providing low-interest loans to finance a portion of the costs of land, building, machinery and equipment, and working capital to minority business enterprises unable to fully finance these projects with equity, bank financing, or other private and public sources. Administrative support is provided by the Center for Entrepreneurial Assistance (2003- ). In June 1996, under Act 58 (P.L. 403), the Department of Commerce (RG-31) and the Department of Community Affairs (RG-34) were abolished and their functions merged to form the Department of Community and Economic Development (DCED). The Department's mission is to foster opportunities for businesses and communities to succeed and thrive in a global economy, thereby enabling Pennsylvanians to achieve a superior quality of life. This mission is accomplished by administering business and community assistance and revitalization programs; providing efficient infrastructure; increasing job opportunities, fostering sustainable businesses; restoring and enhancing the environment; enhancing recreational and heritage resources; expanding housing opportunities; and administering technological and international business development programs. This collection, arranged chronologically by date, contains meeting minutes of the Pennsylvania Minority Business Development Authority (PMBDA). Topics addressed include loans presented for board decision, loan application review, current loan status, breakdowns of funds available, special issues, and policy questions. Also included are audit reports from the Legislative Budget and Finance Committee (LB&FC). For earlier records, see Meeting Files and Minutes, 1975-1996 {series #31.48} within the Bureau of Minority Business Development, Department of Commerce (RG-31). Disclaimer: Not all records in this collection are digitized. Please visit the PA State Archives to see the rest of the collection. The Pennsylvania State Archives provides digital access to a wide variety of historical documents, some of which may be considered offensive by current standards. The Archives does not endorse views expressed in these historical collections, but presents these collections to aid in scholarly research.