The Department of Commerce runs several key programs aimed at fostering entrepreneurship:
- Small Business Administration (SBA): Offers various programs including loans, mentorship, and disaster assistance to small businesses. - Economic Development Administration (EDA): Provides grants to communities to support economic development strategies that drive innovation and entrepreneurship. - Minority Business Development Agency (MBDA): Focuses on the growth of minority-owned businesses through access to capital, contracts, and markets. - International Trade Administration (ITA): Assists businesses in expanding their operations globally by offering export assistance and trade promotion services.