Jump to main content.

Cincinnati USA Regional Chamber of Commerce


Cincinnati, OH

Build to Scale Program

Venture Challenge

Project Name

Cincinnati Minority Business Accelerator's Bridging the Racial Divide to Enhance Innovation & Entrepreneurship

Award Amount

Federal Share

Local Match

$1.5 million

$1.5 million

The Cincinnati Minority Business Accelerator’s mission is to accelerate the development of sizeable minority-owned businesses and strengthen and expand the minority entrepreneurial community through access to capital and other resources to achieve sustainable growth. The accelerator has created a portfolio of over 60 African American- and Latino-owned businesses with average annual revenues of approximately $30 million each. Through the “Bridging the Racial Divide to Enhance Innovation & Entrepreneurship” project, the accelerator will scale its existing model. Founded in 2003, the accelerator is the leading model in the country for supporting and growing larger-scale minority business enterprises (MBEs). The accelerator is positioned to scale its efforts through four strategic pillars:

  • GROW firm revenues
  • BUILD a pipeline of high growth businesses
  • ATTRACT larger-scale businesses, and
  • CREATE MBEs through acquisition.

The accelerator aims to motivate and prepare diverse leaders through a collaborative environment that encourages creativity, innovation, and communication, while also brokering critical connections in the business community. By October 2024, the accelerator will grow the annual revenues of the region’s MBEs by $1 billion and create 2,000 new jobs. The accelerator is a model for cities nationwide that are committed to a just economy and eager to address the lingering economic disparities facing communities.

Website & Social Media

World Wide Web icon Facebook icon LinkedIn icon Twitter icon YouTube icon

Office of Innovation and Entrepreneurship (OIE)

Build To Scale (B2S)
formerly Regional Innovation Strategies Program (RIS)

SPRINT Challenge

STEM Talent Challenge

Accelerate R2 Network Challenge

National Advisory Council on Innovation & Entrepreneurship (NACIE)

Resource Directory Disaster Recovery Annual Reports Stay Connected
(Subscribe to EDA's monthly e-newsletter)

Facebook icon Instagram icon Twitter icon LinkedIn icon YouTube icon