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Gusto, Brex, and Other Fintech Companies Send Letter to Congress Urging Support of Minority Business Development Agency Funding

Gusto Editors  

Earlier this month, Gusto’s Head of Compliance and Public Policy Jeanette Quick published an op-ed highlighting how the Minority Business Development Agency (MBDA) can create a more equitable economy and help remove long-standing roadblocks for minority-owned businesses.

Following Quick’s op-ed, Gusto and Brex partnered to amplify support for the MBDA, the only federal agency dedicated to improving the economic wellbeing of people of color. Gusto and Brex rallied tremendous support from the fintech community, and on September 27, 2021, Gusto, Brex, and 19 other fintech companies sent a letter urging Congress to support pending legislation to codify and fund the MBDA.

The coalition, which collectively serves tens of millions customers across the United States, urged Congress to preserve provisions in the pending budget reconciliation and infrastructure packages that enable the MBDA to provide critical support for minority-owned businesses by facilitating access to capital, contracts, and markets.

Read the full letter here:

Fintech Letter to Congress RE: MBDA Funding 1/3
Fintech Letter to Congress RE: MBDA Funding 1/3
Fintech Letter to Congress RE: MBDA Funding 2/3
Fintech Letter to Congress RE: MBDA Funding 2/3
Fintech Letter to Congress RE: MBDA Funding 3/3
Fintech Letter to Congress RE: MBDA Funding 3/3

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Updated: September 30, 2021

Gusto Editors
Gusto Editors
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