The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for,…

The Minority Business Development Agency (MBDA) awarded a $533,833 cooperative agreement to the Economic Growth Foundation under the MBDA Business Center program (CFDA 11.805). The funding will support the provision of technical assistance, training, education, and advisory services to minority business enterprises to prevent, prepare for, and respond to effects of the COVID-19 pandemic. Performance metrics include the number of minority businesses assisted, informed of COVID-19 assistance programs, and applications/awards submitted/received as a result of assistance provided by the Business Center. The one-year award period runs from July 1, 2022 to June 30, 2023 and will serve minority businesses in Cleveland, Ohio.

The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for, and respond to effects of covid-19. Such assistance will include technical assistance, training, education, and advisory services to minority business enterprises. The performance goals and metrics include: number of minority business enterprises affected by covid-19 that are assisted by the business center; number of minority business enterprises informed and/or referred by the business center to covid-related local, state, and federal government assistance programs; number of MBE applications submitted to local, state, and federal government assistance programs as a result of business center assistance; number of awards issued by local, state, and federal programs to minority business enterprises assisted by the business center; and number and type (small, medium, large, ) of minority