Cincinnati MBA helping dozens of minority-owned businesses grow - Tucson News Now

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.

  • Local newsMore>>

  • Take sneak peek at life-sized gingerbread house at El Conquistador Resort

    Take sneak peek at life-sized gingerbread house at El Conquistador Resort

    Tuesday, November 21 2017 2:19 PM EST2017-11-21 19:19:16 GMT

    The culinary team at Hilton Tucson El Conquistador Resort is constructing its culinary masterpiece: a life-sized gingerbread house.

    The culinary team at Hilton Tucson El Conquistador Resort is constructing its culinary masterpiece: a life-sized gingerbread house.

  • SAACA gears up for busy holiday season

    SAACA gears up for busy holiday season

    Tuesday, November 21 2017 2:01 PM EST2017-11-21 19:01:33 GMT

    The holiday season is a busy time for the group at the forefront of the arts in our community. On Fox 11 Daybreak, The Southern Arizona Arts and Cultural Alliance breaks down its upcoming events. 

    The holiday season is a busy time for the group at the forefront of the arts in our community. On Fox 11 Daybreak, The Southern Arizona Arts and Cultural Alliance breaks down its upcoming events. 

  • What's For Lunch: Braised Pork Belly with Agave Cranberry Gastric

    What's For Lunch: Braised Pork Belly with Agave Cranberry Gastric

    Tuesday, November 21 2017 1:13 PM EST2017-11-21 18:13:18 GMT

    Chef Ben Caballero from Hub joined us on Monday, Nov. 20, to introduce their fall/winter menu, which launches on Saturday, Nov. 25. 

    Chef Ben Caballero from Hub joined us on Monday, Nov. 20, to introduce their fall/winter menu, which launches on Saturday, Nov. 25. 

Powered by Frankly