Cincinnati MBA helping dozens of minority-owned businesses grow - News, Weather, Sports, Toledo, OH

Minority Business Accelerator helping local companies grow

CINCINNATI, OH (FOX19) -

In the past ten years, the Cincinnati Chamber of Commerce's Minority Business Accelerator (MBA) has helped dozens of minority-owned businesses become more successful.

MBA Vice-President Crystal German says companies that have gone through the accelerator have shown significant growth.

"We have 34 firms in the portfolio, and when we started this out, they averaged about $7 million in revenue. Right now, they're $29 million."

German says MBA aims to expand the minority entrepreneurial community in the Cincinnati region.

"...This is about creating jobs, creating wealth. It's about addressing the racial disparity."

The accelerator also tries to help businesses in the communities that need it most, like Lonnie Grayson's Environmental & Safety Solutions, Inc. (ESS) in Woodlawn. Grayson says they started with the basics.

"One of the first things they did was look at, 'let's redo your strategic plan and work with you on your strategic plan. Add some more guts and add some more items within the plan that makes sense for growth in the future'," Grayson explained.

Grayson says there was also a close look at the details of the ESS operation.

"We looked at some internal processes, procedures. Do we need legal support? Do we need additional, additional HR support?" 

Grayson received months of mentoring from the business accelerator, which helped him land several well-known clients like G.E. Aviation, the Horseshoe Casino and some local schools.

One of Grayson's priorities is to give back to the community.

He likes to hire folks from the neighborhood. He volunteers and donates to local charities, and the more his business grows, the more he can give back.

Copyright 2013 WXIX. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Construction for first marijuana dispensary underway in Gibsonburg

    Construction for first marijuana dispensary underway in Gibsonburg

    Monday, April 23 2018 8:08 PM EDT2018-04-24 00:08:34 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)
    Construction is now underway for one of the first medicinal marijuana facilities in the Gibsonburg area. The Standard Wellness Company was awarded one of Ohio's cultivation licenses for medicinal marijuana. Their location is in Gibsonburg, Ohio, as many local municipalities voted to keep facilities out, Gibsonburg wanted the industry. The 50,000 square foot facility is expected to create at least 20 to 30 new jobs. Also, village administration said having another tenant in their ind...More >>
    Construction is now underway for one of the first medicinal marijuana facilities in the Gibsonburg area. The Standard Wellness Company was awarded one of Ohio's cultivation licenses for medicinal marijuana. Their location is in Gibsonburg, Ohio, as many local municipalities voted to keep facilities out, Gibsonburg wanted the industry. The 50,000 square foot facility is expected to create at least 20 to 30 new jobs. Also, village administration said having another tenant in their ind...More >>
  • First Alert 10-Day Forecast: Chance of rain tonight, Thursday

    First Alert 10-Day Forecast: Chance of rain tonight, Thursday

    (Source: WTOL)(Source: WTOL)

    A chance of rain is expected late tonight and Tuesday. A northeast breeze off the lake will make for much cooler weather with highs in the 50s.

    More >>

    A chance of rain is expected late tonight and Tuesday. A northeast breeze off the lake will make for much cooler weather with highs in the 50s.

    More >>
  • Newest Metropark officially joins the list of parks in the Toledo area

    Newest Metropark officially joins the list of parks in the Toledo area

    Monday, April 23 2018 7:24 PM EDT2018-04-23 23:24:45 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)

    The Howard Marsh Metropark is the largest and most complex project in Metroparks Toledo's history.

    More >>

    The Howard Marsh Metropark is the largest and most complex project in Metroparks Toledo's history.

    More >>
Powered by Frankly