Brex, Gusto & Others in the Fintech Community Urge Congress to Support Minority Entrepreneurs | Brex
Open an account

Brex, Gusto & Others in Fintech Community Urge Congress to Support Minority Entrepreneurs

Hero Image

On September 27, 2021, Brex partnered with 20 companies across the fintech industry on a letter urging Congress to preserve and pass provisions in the pending infrastructure and budget bills that would codify, expand, and fund the work of the Minority Business Development Agency (MBDA). 

Originally titled the Office of Minority Business Enterprise, the MBDA was created by executive order in 1969 to promote the establishment and success of minority-owned businesses in the United States. To date, the MBDA remains the only federal agency focused solely on fostering the growth and global competitiveness of minority-owned enterprises.

This effort was inspired by a recent op-ed authored by Jeanette Quick, Head of Compliance and Public Policy at Gusto. Jeanette's op-ed highlighted the unequal path to recovery faced by minority entrepreneurs and called on Congress to enable the MBDA to improve the economic prospects of minority-owned businesses. Following Jeanette’s op-ed, the policy teams at Brex and Gusto partnered on the letter to Congress and rallied tremendous support from the fintech community.

Supporting minority-owned businesses is central to Brex’s commitment to promoting an inclusive and equitable economy that creates opportunities and benefits for all. Read our letter below, which was joined by Affirm, Afterpay, Betterment, Bluevine, Carta, Figure, Guideline, Gusto, Klarna, Lendistry, Lively, LendingClub, Marqeta, Mocafi, OnDeck, Plaid, Revolut, Square, Wise, and Zest AI.

Read the 2021 Fintech Letter to Congress on MBDA Funding

Related Articles

Open an account

Brex, Gusto & Others in Fintech Community Urge Congress to Support Minority Entrepreneurs

Hero Image

On September 27, 2021, Brex partnered with 20 companies across the fintech industry on a letter urging Congress to preserve and pass provisions in the pending infrastructure and budget bills that would codify, expand, and fund the work of the Minority Business Development Agency (MBDA). 

Originally titled the Office of Minority Business Enterprise, the MBDA was created by executive order in 1969 to promote the establishment and success of minority-owned businesses in the United States. To date, the MBDA remains the only federal agency focused solely on fostering the growth and global competitiveness of minority-owned enterprises.

This effort was inspired by a recent op-ed authored by Jeanette Quick, Head of Compliance and Public Policy at Gusto. Jeanette's op-ed highlighted the unequal path to recovery faced by minority entrepreneurs and called on Congress to enable the MBDA to improve the economic prospects of minority-owned businesses. Following Jeanette’s op-ed, the policy teams at Brex and Gusto partnered on the letter to Congress and rallied tremendous support from the fintech community.

Supporting minority-owned businesses is central to Brex’s commitment to promoting an inclusive and equitable economy that creates opportunities and benefits for all. Read our letter below, which was joined by Affirm, Afterpay, Betterment, Bluevine, Carta, Figure, Guideline, Gusto, Klarna, Lendistry, Lively, LendingClub, Marqeta, Mocafi, OnDeck, Plaid, Revolut, Square, Wise, and Zest AI.

Read the 2021 Fintech Letter to Congress on MBDA Funding

Related Articles

Brex, Gusto & Others in Fintech Community Urge Congress to Support Minority Entrepreneurs

Hero Image

On September 27, 2021, Brex partnered with 20 companies across the fintech industry on a letter urging Congress to preserve and pass provisions in the pending infrastructure and budget bills that would codify, expand, and fund the work of the Minority Business Development Agency (MBDA). 

Originally titled the Office of Minority Business Enterprise, the MBDA was created by executive order in 1969 to promote the establishment and success of minority-owned businesses in the United States. To date, the MBDA remains the only federal agency focused solely on fostering the growth and global competitiveness of minority-owned enterprises.

This effort was inspired by a recent op-ed authored by Jeanette Quick, Head of Compliance and Public Policy at Gusto. Jeanette's op-ed highlighted the unequal path to recovery faced by minority entrepreneurs and called on Congress to enable the MBDA to improve the economic prospects of minority-owned businesses. Following Jeanette’s op-ed, the policy teams at Brex and Gusto partnered on the letter to Congress and rallied tremendous support from the fintech community.

Supporting minority-owned businesses is central to Brex’s commitment to promoting an inclusive and equitable economy that creates opportunities and benefits for all. Read our letter below, which was joined by Affirm, Afterpay, Betterment, Bluevine, Carta, Figure, Guideline, Gusto, Klarna, Lendistry, Lively, LendingClub, Marqeta, Mocafi, OnDeck, Plaid, Revolut, Square, Wise, and Zest AI.

Read the 2021 Fintech Letter to Congress on MBDA Funding

Related Articles