Minority Business Assistance Center
The Ohio Development Services Agency (DSA) has selected the Columbus Urban League to help develop and grow Ohio small, minority-owned and socially and economically disadvantaged businesses through the Minority Business Assistance Centers (MBAC) Program.
The centers serve the needs of Ohio’s small, minority, and socially and economically disadvantaged businesses. The centers provide important services including technical assistance, professional consulting, access to capital and assistance obtaining contract opportunities. A primary objective of the program is to identify emerging businesses and cultivate their growth and sustainability. The realization of this objective will strengthen the minority business community, support job creation and further economic growth in Ohio.
Professional 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. MBEs are deemed 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. EDGE certified businesses are deemed as enterprises that are owned by economically and socially disadvantaged entrepreneurs.
The MBACs provide MBE and EDGE entrepreneurs with management, technical, financial and contract procurement assistance in addition to loan and bond packaging services. These services are available at no cost to businesses located throughout Ohio.
CUL will serve the Columbus region and is Franklin County’s only MBAC provider.