Minority Enterprise Development Week Explained
| Holiday Name: | National Minority Enterprise Development Week |
| Type: | National |
| Official Name: | National Minority Enterprise Development Week |
| Nickname: | National MED Week, MED Week |
| Observedby: | United States |
| Date: | October |
| Duration: | 1 week |
| Frequency: | Yearly |
National Minority Enterprise Development Week, also known as National MED Week, is a special week in the month of October, observed in the United States to recognize and celebrate the achievements and contributions of the minority business enterprise community.
History
President Ronald Reagan first recognized National MED Week in 1983.[1] Each year, every President of the United States officially recognizes National MED Week through a Presidential Proclamation. The week is formally celebrated each year by the Minority Business Development Agency, a U.S. government agency housed within the U.S. Department of Commerce.[2]
Observation by President Trump
President Donald Trump became the first President of the United States to formally recognize minority-owned businesses in the Oval Office during National MED Week, when he welcomed winners of the National MED Week Awards on October 24, 2017.[3] [4] [5] [6] On October 20, 2017, President Trump issued a proclamation to officially designate October 22 through October 28, 2017 as National Minority Enterprise Development Week.[7]
Awards
The Minority Business Development Agency holds an awards ceremony each year during National MED Week to recognize the contributions of minority-owned businesses in a variety of industry categories.[8] [9] These awards include:
- Minority Business Enterprise of the Year
- Minority Construction Firm of the Year
- Minority Export Firm of the Year
- Minority Manufacturing Firm of the Year
- Minority Energy Firm of the Year
- Minority Technology Firm of the Year
- Minority Health Products and Services Firm of the Year
- Minority Marketing and Communications Firm of the Year
- Minority Professional Services Firm of the Year
- Abe Venable Legacy Award for Lifetime Achievement
- Access to Capital Award
- Advocate of the Year Award
- Distinguished Supplier Diversity Award
- Ronald H. Brown Leadership Award
Notes and References
- Web site: Remarks at a White House Ceremony Marking the Observance of Minority Enterprise Development Week, President Reagan. Minority Business Development Agency.
- Web site: 2017 National Minority Enterprise Development (MED) Week. Minority Business Development Agency.
- Web site: President Donald J. Trump Recognizes Minority-Owned Businesses. National Archives. whitehouse.gov.
- Web site: Trump says minority-owned firms to succeed ‘especially with Trump as your president’.
- Web site: Trump promises "jobs, jobs, jobs".
- Web site: President Trump Delivers Remarks Minority Enterprise Development, Oct 24 2017. C-SPAN.org.
- Web site: Minority Enterprise Development Week, 2017. October 26, 2017.
- Web site: MBDA Announces 2017 National MED WEEK Award Winners. October 23, 2017.
- Web site: Minority Business Development Agency Seeking Nominations For 2017 MED Week Awards – US Veterans and Military Magazine – A US Veterans News Resource. March 31, 2017.
