Minority Enterprise Development Week, 2022

This proclamation designates September 18-24, 2022 as Minority Enterprise Development Week to celebrate minority-owned businesses. It describes administration efforts to support these businesses through the American Rescue Plan, Bipartisan Infrastructure Law, and a pledge to increase federal contracting to small disadvantaged businesses by 50% by 2025, while calling on Congress to strengthen funding for SBA and MBDA.

Federal Register Open PDF 87 FR 57563

Impact dates

Dec 31, 2025
Deadline to boost share of Federal contracting dollars to small disadvantaged businesses by 50%
Sep 18, 2022
Minority Enterprise Development Week begins

Key directives

Proclaim September 18 through September 24, 2022 as Minority Enterprise Development Week
Call upon people of the United States to acknowledge and celebrate minority business owners
Call on Congress to strengthen funding for SBA and MBDA
Call for expansion of Treasury's CDFI Fund

Timeline

Immediate

Proclamation of Minority Enterprise Development Week, September 18-24, 2022

Near term (90d)

—

Long term

Federal contracting pledge to boost small disadvantaged business share by 50% by 2025
Potential $100 billion in new revenue to minority-owned businesses through 2025

Risks & tensions

Proclamation mixes ceremonial designation with policy advocacy; no binding mandates issued
2025 contracting pledge referenced as administration commitment, not enforceable by this proclamation
Calls to Congress are hortatory, not directive to executive branch actors