Minority Business Assistance Centers to assist development – The Ohio Development Services Agency has partnered with Youngstown Business Incubator to host Minority Business Assistance Centers (MBAC).
The initiative seeks to serve small, minority, and socially and economically disadvantaged businesses in the region. The Youngstown MBAC covers Ashtabula, Trumbull, Mahoning, Columbiana, Jefferson, Belmont, and Monroe counties.
As part of this effort, YBI will host “Grow Your Business: Creating Economies of Scale” from 5:30-7:30 p.m. on Wednesday, Oct. 12. The program occurs at YBI’s offices, 241 W. Federal St., Youngstown.
Space is limited and acceptance is on a first-come, first-serve basis.
The four-week minority business program will offer workshops and educational sessions on developing strategies to expand services and/or production.
The Youngstown MBAC serves the needs of small, minority, and socially and economically disadvantaged businesses. Services include technical assistance, consulting, access to capital, and assistance obtaining contract opportunities.
The program is open to any minority-owned business in the Mahoning Valley that has been in business for a minimum of three years and looking to expand its business through marketing.
MBAC staff work with owners of existing businesses, certified Minority Business Enterprises (MBEs), certified Encouraging Diversity Growth and Equity (EDGE), and socially and economically disadvantaged businesses.
Minority Business Enterprises (MBEs)are defined as businesses that are at least 51 percent or more owned and controlled by one of the following groups: African American, Hispanic, Native American or Asian American, or Woman.
EDGE-certified businesses are defined as enterprises that are owned by economically and socially disadvantaged entrepreneurs.
Youngstown MBAC has two offices in the Mahoning Valley: 241 W. Federal St., Youngstown, and 125 W. Market St., Warren. For more information, visit ybi.org…. Call 330-746-5003 or email in**@yb*.org.
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