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Minority Business Accelerator
MBA Performance & Impact
By focusing and successfully executing on winning strategies and plans, while constantly refining the MBA’s long-term goals, we continue to turn a strong initiative into an active, relevant economic development force in the region.
Highlights
• In 2008, the MBA was successful in securing commitments of $400 million from over 20 local corporations, minority firms and other entities.
• Last year, companies in the MBA portfolio grew their local employment by 11% and revenues by over 20%.
Measures of Success
The primary objective of the MBA is to grow the existing base of medium-to-large minority-owned businesses in the Cincinnati USA region. This growth translates into a number of measurable outcomes that will shape the overall economic impact of this initiative.
They include:
• Sales increases of participating minority-owned companies
• Jobs created/supported at participating minority-owned companies
• Expanded and enhanced corporate supplier diversity initiatives within the region's corporate community