Your employer sets up an HRA for each participant. The HRA account is funded entirely by your employer; you donât contribute any money to your HRA account. Each plan year, your employer contributes a specified amount to each participantâs HRA. As long as there is money in your account, you can use the funds toward eligible HRA expenses.
Explanation: The Minority Business Development Agency (MBDA) is a bureau within the United States Department of Commerce. The Agency's mission is to promote the growth and competitiveness of minority business enterprises (MBEs).
The benefits of strategic alliances for minority businesses are tremendous, whether they partner with other diverse suppliers or majority-owned firms. These firms will be better able to provide the scale and scope of their services without additional capital requirements and to position themselves to seek equity investment in the future.