1969
Washington, D.C., DC · On map
President Richard Nixon established the Minority Business Development Agency (MBDA) to fund and support minority-run businesses, promoting 'Black Capitalism' as a policy response to economic inequality. The agency aimed to address the limited impact of previous affirmative action and government assistance to Black-owned enterprises[2]. This policy reflected a shift toward economic empowerment within the Nixon administration's approach to civil rights[2].
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