Cleveland (PRESS RELEASE – August 19, 2011) – The grand opening of the Minority Business Development Agency (MBDA) Business Center—Cleveland, Ohio will be held Thursday, September 1 from 9:30 – 10:30 a.m. at the Wyndham Hotel Grand Ballroom, 1260 Euclid Avenue in downtown Cleveland. The Cleveland office is one of 27 MBDA centers located throughout the U.S. and the only center in the State of Ohio.
The program will feature remarks by U.S. Senator Sherrod Brown, Congresswoman Marcia Fudge, Cleveland Mayor Frank Jackson, Joseph D. Roman, president and chief executive officer of the Greater Cleveland Partnership (GCP), and MBDA National Director David A. Hinson. It also will include presentation of 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. Guided tours of the center, located in the new offices of the GCP, 1240 Huron Road in downtown Cleveland, will be available between 10:30 and 11:30 a.m.
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.