Policy and Progress – Eric Morrissette on the MBDA’s Mission to Empower Minority Businesses

In this NMSDC Equity in Business podcast episode, host John Daniel interviews Eric Morrissette, Deputy Under Secretary of Commerce for the Minority Business Development Agency (MBDA). Eric shares his personal background and how his upbringing influenced his public service career. He discusses his roles at the Department of Commerce, the legislative achievements of the MBDA, and the persistent challenges facing minority-owned businesses, particularly in access to capital and procurement.The conversation highlights the importance of partnerships, regulatory changes, and data-driven approaches to foster minority business growth and economic competitiveness. Eric also highlights key initiatives, including the Capital Readiness Program and the development of a comprehensive minority business data repository.Guest:Eric Morrissette, Deputy Under Secretary of Commerce, Minority Business Development Agency (MBDA) Host and Production Specialist:John G. Daniel is a believer, advocate for underserved communities, and published writer, with vast transformative leadership experience in the energy sector, economic development, hurricane recovery, and youth/community education and empowerment. Itoro UmontuenAbout the National Minority Supplier Development Council (NMSDC):Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.Follow us on LinkedIn, Facebook, Instagram, and X.