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).
Follow @BrettASnider. Minority-owned businesses may be entitled to government benefits and special programs, but not every business will qualify. And claiming to be a minority-owned business when you're not is a terrible idea, as Moretech American Corporation has learned the hard way. To apply for the 8(a) Business Development program as a minority-owned business, follow the steps listed on the SBA's website. 2  Be warned, even when applying online, this process will be time consuming.