Commerce Lexington launched their Minority Business Accelerator (MBA) in January 2013 with the goal is to move 'good' minority businesses to 'great' targeting small minority businesses with revenues between $250K and $6M. All members of the MBA must be certified in their industry and be Commerce Lexington members.
Four businesses have agreed to be the seed companies for the Accelerator: EHI Consultants, Fayette Window Cleaning, NDS, and TCG America. Several large majority businesses have also agreed to participate including Messer, UK, LG&E, KCTCS, BCTC, FCPS and Toyota. An additional three to four companies will be added each year in October.
This Accelerator, based on a very successful model in Cincinnati, is to mature a program; to move to increased hiring and growth of the minority businesses. Commerce Lexington needs help in bringing depth and breadth to the major companies to engage in this effort, ultimately changing the dynamic of businesses in the Bluegrass and in the Chamber itself.
Address: 330 E Main St # 100, Lexington, KY 40507
Phone: (859) 254-4447
SteinGroup, LLC will provide strategic approaches to advance the prospects and outcomes of Commerce Lexington's Minority Business Accelerator. Approaches may include:
Group and individual assessment and assistance on Accelerator membersâ€™ business deliverables
Response and planning to specific Accelerator needs including planning, branding, marketing, public relations, and targeted areas needed for growth of their bottom lines
Development of accountability metrics
Development of an internal institutional template for the Accelerator initiative including best practices and recommendations for quality results