Minority Companies Finding More Opportunities

Creating more economic opportunities for minority-owned companies is one of the strategies of Advance Northeast Ohio, and one of the regional initiatives pursuing that strategy is the Minority Business Accelerator 2.5+. It recently provided a review of its year of performance.

The MBA 2.5+ completed nine deals in 2008 that totaled more than $6 million with an average deal value of $650,000. The companies helped added more than 30 employees. The deals were from multiple industries: telecommunications and data cabling; electrical; construction; heating, ventilation and air conditioning; printing; and professional services.

Congratulations to the inaugural class of MBEs served by the MBA 2.5+:

• Coleman Spohn Co.
• The Coniglio Co.
• FX Digital Media Inc. (HotCards.com)
• Global Point Technologies, Inc.
• Key General Contractors
• Mac Installations
• Ralph Tyler Companies
• Start to Finish Construction
• Triple A Builders

Also, thanks to these companies that provided business opportunities to the MBA 2.5+ companies in 2008:

• Case Western Reserve University
• Cleveland Clinic
• Cleveland Metropolitan School District (STEM High School project)
• Cleveland Museum of Art
• Cuyahoga County
• KeyCorp
• The MetroHealth Medical System
• The Sherwin-Williams Company

In January the MBA 2.5+ also added a new client, Clark Mechanical, which was recently awarded a $4 million subcontract from Coleman Spohn for work on the University Hospital construction project.

Author: advance759