Minority Business Accelerator Program: Updated Analysis of Economic Impacts
Prepared for:
Cincinnati USA Regional Chamber The Minority Business Accelerator (MBA) is the Cincinnati USA Regional Chamber’s flagship
initiative for regional economic inclusion.
This study presents an updated analysis of the MBA’s economic impacts providing a
numerical description of the MBA’s effect on the Cincinnati USA region.
Current Impact
During 2004-06:
- The MBA worked closely with 20 of the region’s largest MBE firms.
- The business transactions total $127.9 million in new revenues.
- This business activity is expected to generate $273.5 million in new economic
activity over the life of the contracts.
Because of MBE hiring trends, it can be expected that between 40 and 50 percent of the
new jobs created would go to minorities. In addition, these new jobs would generate
$195.3 million in earnings—further augmenting the city tax base.
The MBA has specific goals of creating large, scalable, and sustainable minority businesses,
and this study suggests a positive relationship between these objectives and the tactical creation of substantial local demand through the MBA’s Corporate Partners2. These results are directly related to the strategies and tactics employed by the MBA and support the initial feasibility study conducted by The Center for Entrepreneurial Thinking.
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