THE TRANSFORMATIVE IMPACT

WE WILL DRIVE ECONOMIC GROWTH BY:

Doubling the number of Black (MBE) employer firms in Cincinnati to 1,000+


Investing to diversify the industry mix of Cincinnati Black business, guiding businesses into growth sectors

Doubling the number of $1M+ revenue generating Black businesses to over 120



Source: McKinsey & Company; Creative Investment Research

Cincinnati has a strong organization ecosystem today, led by the AACC, ULGSO, the MBA and key partners such as Mortar, CMBC, GCMI, Lightship Foundation and others, however,

  • There is not a consistent, reliable, and substantial funding source that allows these organizations to concentrate on the work instead of constantly chasing funding and altering programming to meet the needs of funding requirements.


  • The amount of capital being invested individually into these organizations is not enough to overcome the systemic and generational barriers faced by Black owned businesses.

It creates an organization with capacity to coordinate the work of the current Black business ecosystem to:

  • Direct entrepreneurs to growing industries and sectors
  • Identify gaps,
  • Avoid program duplication,
  • Supply infrastructure and back-office support
  • Create an ongoing vehicle for the sharing of best practices, resources, and
  • Provide technical assistance.

Lincoln and Gilbert will be the first time all the organizations working in the Black business ecosystem are formally aligned and the first time we have this level of financial commitment and investment in Black owned businesses, which will result in transformative change.


ECONOMIC IMPACT

By 2026, this initiative will...

Total Economic Impact ($)

1.6B

Black Business Earnings ($)

+$615M

# of Jobs Created

9,841

Total Black Employee Wages

$305M

Estimated Tax Revenue

$16M

ECONOMIC IMPACT

By 2026, this initiative will...

With investment, Cincinnati is uniquely positioned to become a national model for Black business ecosystem support



Cincinnati’s corporations and government have already taken steps to promote minority-owned business equity



Beyond funding, deeper support commitments around contracting, market analysis and diligence, and professional services advising are the key to long-term sustainability



Success with Lincoln & Gilbert has the potential to unlock external investment opportunities, raising the profile of the city and driving lasting impact for all residents


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