Pennsylvania Minority Business Development Authority (PMBDA)

Established in 1974, the Pennsylvanian Minority Business Development Authority (PMBDA) administers low-interest loan financing to businesses owned and operated by socially and economically disadvantaged persons, to stimulate job creation and entrepreneurial development in Pennsylvania. The Board of the Authority is comprised of three cabinet secretaries, (Secretary of Community and Economic Development, Secretary of Labor and Industry, and Secretary of Banking), and nine additional persons, at least four of whom shall represent socially or economically disadvantaged persons, who are appointed by the governor with the approval of a majority of the members of the Senate. In addition, four members of the General Assembly appointed by the Speaker of the House shall be members of the board (one from the Majority Party and one from the Minority Party) and two of whom shall be Senators appointed by the President of the Senate (one from the Majority Party and one from the Minority Party). A quorum of the Board is nine.

PMBDA Board Members
  • Honorable Neil Weaver - Acting Secretary, DCED
  • Honorable Richard Vague - Secretary of Banking & Securities
  • Honorable W. Gerald “Jerry” Oleksiak - Secretary of Labor and Industry
  • Speaker Rep. Mike Turzai
  • Rep. Stephen Kinsey
  • Senator Vincent Hughes
  • Senator Pat Browne
Private Sector Members
  • Ms. Gail Landis
  • Ms. Beth Ann A. Griggs
  • Mr. Ted Darcus
  • Ms. Jenine Diaz
  • Mr. Chenna R. Chakka
  • Mr. Jay Sessoms
  • Ms. Estelle T. Eberhardt
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