Minority-Owned Businesses are Empowered With Resources and Opportunities in Montgomery County, Ohio

16 Oct 2024
News
Starting and growing a business is a bold and exciting endeavor. However, for minority entrepreneurs, the path can often come with additional challenges—limited access to resources, fewer business connections, and systemic barriers that others might not face. In Montgomery County, Ohio, local leadership is determined to change that narrative by creating an inclusive business environment that empowers minority entrepreneurs at every stage of their journey.
Thanks to millions in grant funding and investments, Montgomery County is emerging as a dynamic economic development center. Major projects, like the onMain Innovation Hub and the new Sierra Nevada Corporation facility, are driving growth and creating an atmosphere ripe with opportunities. Minority-owned businesses are uniquely positioned to benefit from this surge, tapping into new markets, increasing revenue, and creating high-quality jobs that strengthen the community as a whole.
No matter where you are in your business journey—whether you're launching a startup or scaling an established enterprise—Montgomery County offers an extensive support system designed to help you succeed.
From access to capital and networking opportunities to strategic partnerships and tailored business mentorships, the resources available here can help take your business to new heights. Read on to discover the essential programs and tools to fuel your business growth and ensure you're equipped to thrive in today's competitive market.
Aviatra Accelerators: Empowering Women Entrepreneurs
For women entrepreneurs, Aviatra is a powerhouse of support. Whether you're looking for coaching, funding connections, or a community of like-minded women, Aviatra offers classes and mentorship to help turn your business dreams into reality. Their focus on connecting women to experts and other entrepreneurs makes it easier to navigate the business world and build a sustainable company.
Minority Business Partnership: Opening Doors for Minority Business Entrepreneurs
The Dayton Area Chamber of Commerce's Minority Business Partnership (MBP) plays a pivotal role in creating opportunities for minority-, women-, and veteran-owned businesses. By pairing these businesses with large buying organizations, MBP helps keep procurement spending local, building a more diverse and competitive economy.
Through the 20/40 Partnership, MBP fosters connections between the region's biggest buyers and minority suppliers, allowing both sides to form relationships that generate real economic results. For minority-owned businesses, this means access to more contracts, mentorship, and networking opportunities that can accelerate their growth.
The Entrepreneurial Services Provider (ESP): For Big Ideas
Are you a tech entrepreneur with a vision that could disrupt industries? Montgomery County's Entrepreneurial Services Provider (ESP) program, in collaboration with The Entrepreneurs Center, is designed to support entrepreneurs with bold ideas. Whether you're developing the next big tech innovation or scaling your startup, ESP offers guidance, funding connections, and a network of fellow innovators ready to share their expertise.
Project Accelerate: Scaling Diverse Businesses
Thanks to JPMorgan Chase & Co., minority, veteran, and women-owned businesses in the Dayton area can now access training and coaching through Project Accelerate. This national initiative focuses on helping diverse entrepreneurs grow their businesses in both the commercial and government sectors. By participating in this program, you can gain the skills and connections needed to secure government contracts and partner with national companies, creating lasting growth for your business.
Register as a Vendor: Tapping into Montgomery County Contracts
Montgomery County spends millions each year on goods and services, and they're committed to working with small and minority-owned businesses. Registering as a vendor with the county opens your business to new revenue streams and long-term contracts. The Montgomery County Department of Purchasing offers workshops to help you navigate the registration process and connect with government buyers.
Greater West Dayton Incubator: Closing Opportunity Gaps
The Greater West Dayton Incubator is a collaboration between the University of Dayton and community partners. Through its Cultural Capital program, it offers culturally relevant education and microloans to entrepreneurs who aren't yet "bank ready." Entrepreneurs who aren't yet "bank ready" can access funding of up to $15,000, giving their business the boost it needs to grow. With resources like The Hub Powered by PNC Bank, entrepreneurs can also benefit from coworking spaces, pop-up retail opportunities, and a collaborative environment that fosters innovation.
Ohio's Minority Business Assistance Centers (MBAC): Technical and Financial Support
Montgomery County entrepreneurs also have access to Ohio's Minority Business Assistance Centers (MBAC), which provide everything from business counseling to marketing plan development. Whether you're looking to secure bonding, apply for local certifications, or get help with loan packaging, MBAC ensures your business is ready to compete and succeed.
Montgomery County Community and Economic Development Helps Connect Minority-Based Businesses with Resources They Need
Montgomery County continues to drive economic growth and progress with its diverse pool of ambitious and innovative entrepreneurs. Montgomery County's commitment to minority-owned businesses is clear: they want you to succeed. With a robust network of programs, partnerships, and resources, you have everything you need to start, grow, and scale your business. Whether you need funding, expert advice, or access to new contracts, the opportunities here are endless.
Montgomery County Community and Economic Development understands the vital importance of diverse entrepreneurs and their immense impact on the county. For help starting, relocating, or expanding your business, explore selectmcohio.com, an information center designed to streamline development in Montgomery County.
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