WASHINGTON DC – Today, the U.S. Department of Commerce launched the Capital Readiness Program grant competition, which dedicates $93.5 million to help minority and other underserved entrepreneurs launch and scale their businesses. This program, administered by the Minority Business Development Agency, marks the largest program of its kind in the history of the Commerce Department. The Capital Readiness Program will provide funding to incubators and accelerators across the country, with expertise to assist and train minority and other underserved Minority Business Development Agency seeking resources, tools, and technical assistance to start or scale their businesses in high-growth industries such as healthcare, climate resilient technology, asset management, infrastructure, and more. Businesses owned by women of color represent one of the fastest-growing sectors in the economy. However,