THE OPPORTUNITY

NATIONALLY LESS THAN 1% OF EQUITY CAPITAL IS INVESTED IN AFRICAN AMERICAN AND HISPANIC-OWNED BUSINESSES

THE MISSION

TO ACCELERATE THE DEVELOPMENT OF SIZEABLE MINORITY OWNED BUSINESSES AND STRENGTHEN AND EXPAND THE MINORITY ENTREPRENEURIAL COMMUNITY THROUGH ACCESS TO CAPITAL AND OTHER RESOURCES TO ACHIEVE SUSTAINABLE GROWTH.

THE HISTORY

‣ Founded in 2003, the Minority Business Accelerator (“Accelerator”) is the leading model in the country for supporting and growing larger-scale Minority Business Enterprises (MBEs).

‣ The Accelerator is a product of the Cincinnati Action Now (CAN) Commission, which was spawned from Cincinnati’s civil unrest of 2001.

‣ The primary emphasis in on providing access and readiness for growth capital and significant business opportunities within corporate supply chains, as well as deep expertise and targeted resources for African American & Hispanic-owned businesses in the Cincinnati region.

‣ The Accelerator’s initial portfolio consisted of 20 companies with average revenues of $6.7 million. To date, 67 companies with average annual revenues of approximately $30 Million have been supported by the Accelerator.

‣ The MBA Fund I will enable the Accelerator to infuse capital and additional resources into its portfolio companies and other high-growth MBEs, including access to the private capital “ecosystem” nationally.

THE ACCELERATOR MODEL

PORTFOLIO COMPANIES

Business Assessments
S.W.O.T Analysis
Capital Readiness
Capacity Building/Client Readiness
Strategic Introductions

CORPORATE GOAL SETTERS

Identifying Spend Goals/Opportunities
Leveraging “Business Case” for Inclusion
Strategic Sourcing/Partnering Needs
Optimization of new/existing MBE vendors
Industry Verticals with little/no MBE Spend

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Grow Existing Portfolio Firms

Increase average size from $25M to $50M in part through enhanced partnerships with mid-cap and largecap corporate partners

THE MODEL

FINANCIAL CAPITAL

PORTFOLIO
Up to $100 million in commitments from Investors

Low cost loans from partner banks due to CDFI certification

Grants to offset fees and costs of managing the Fund

FINANCIAL CAPITAL

PORTFOLIO
Up to $100 million in commitments from Investors

Low cost loans from partner banks due to CDFI certification

Grants to offset fees and costs of managing the Fund

FINANCIAL CAPITAL

PORTFOLIO
Up to $100 million in commitments from Investors

Low cost loans from partner banks due to CDFI certification

Grants to offset fees and costs of managing the Fund

THE SUCCESSES

GERALD SPARKMAN
CEO of d.e. Foxx & Associates, Inc

LEVERAGING LEADING-EDGE TECHNOLOGY TO DRIVE GREATER LEVELS OF INCLUSION