Congressman Cohen Voices Concern Over Closure of Minority Business Development Center

September 6, 2025 - 12:32

MEMPHIS – Congressman Steve Cohen (TN-9) released a statement expressing his disappointment regarding the recent decision by the Trump Commerce Department to cut funding for the Minority Business Development Center. This funding cut has led to the center's closure after serving the community for 13 years.

The Minority Business Development Center has played a crucial role in supporting minority-owned businesses, providing essential resources, guidance, and opportunities for growth. Congressman Cohen emphasized the center's impact on local entrepreneurs, noting that its services were vital for fostering economic development and inclusivity within the business community.

Cohen highlighted the importance of supporting minority-owned enterprises, especially in a challenging economic climate. He expressed concern that the closure of the center would hinder the progress made in promoting diversity and equity in business. The congressman called for renewed efforts to reinstate funding and support initiatives that empower minority businesses, ensuring that they have the necessary tools to thrive.