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 Growth of Minority Business. Over the past 10 years, minority-owned businesses have grown at approximately double the rate of all firms in the U.S. economy. There are over 2 million minority firms in the United States, generating an excess of $205 billion in sales annually (see Figure 1).