MBDA opens Cleveland center

Hinson presented a $1.125 million check representing a grant from the MBDA Division of the U.S. Department of Commerce, which will help fund the center for five years. The center is located in the new offices of the Greater Cleveland Partnership, 1240 Huron Road in downtown Cleveland.

The MBDA Business Center – Cleveland, Ohio is a key component of the MBDA’s overall portfolio of minority business development services, focusing on securing large public and/or private contracts and financing transactions, stimulating job creation, and facilitating entry to global markets for “eligible minority-owned businesses.” It will serve minority-owned businesses throughout the state. The ultimate goal of the MBDA is to create $6 billion in contracts and financing opportunities for minority businesses and 10,000 new jobs nationwide.

The MBDA Business Center—Cleveland, Ohio is a collaborative initiative operated by the Commission on Economic Inclusion, a program of the GCP. Joining the Commission as partners are the Council of Smaller Enterprises (COSE), the GCP’s small business partner; JumpStart; the Northeast Ohio Hispanic Chamber of Commerce; the Northern Ohio Minority Supplier Development Council; Team NEO; and WECO Fund, Inc.