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 program provides business counseling and management assistance to minority owned business enterprises. It operates by providing grants to a national network of Minority Business Development Centers, Native American Business Development Centers, and Business Resource Centers.