North Coast Minority
Dec 2012 / Jan 2013
Featured Photo: Photo by Lou Acosta The JEVON TERRANCE Fashion Team
See Article Page 24!
Insurance for your Business - What is a Successful Sales Professional - Sales Tips - Selling: The Highest Paid of Hard Work Understanding Your Business Owners Policy - Business & Barter News - Financially Speaking: Barter Aids the Entrepreneur - How to Start and Grow your own Business with Little or no Money - Diversity Chamber Chapter Presidents can Make up to $5,000 Month - www.DiversityChamber.com
services of the most effective remediation and sanitizing/disinfecting agents in the marketplace, for a cleaner and safer environment. David brings qualified management experience; in construction, sales, distribution, training and environmental services, along with over 30 years of demonstrated sales success and professional management experience. David had this to say about the recently awarded state contract from NJPA which is part of the State of Ohio Department of Administrative Services Co-op Program: "Price Builders & Developers feels very honored to be one of the first MBE’s awarded the NJPA/JOC program contract. We are excited to provide quality environmentally friendly products and construction services to NJPA, also creating jobs in a diverse market place and promoting equality. We pride ourselves in working as a team with NJPA, understanding their needs and continually communicating the progress of their projects. This attributes to the success of NJPA, their business as well as ours."
Price Builders & Developers David Price’s career in the building industry is a surprise only to him. When he was young, his father built houses and David tagged along. When college called, he vowed never to return to construction again. Fast forward 25 years and David is chief executive officer of Price Builders and Developers Inc., LLC®, a certified minority business enterprise providing general contracting, waterproof restoration, “green safe construction” and management consulting work for residential, commercial and industrial projects. Founded in 1999, it has grown to over an average $5-million-a-year company headquartered in Cleveland, OH. The company has worked on a number of the most significant new commercial buildings in the region, including those at The University of Akron, Youngstown University, Kent State University, Case Western Reserve, Bowling Green State University,
Cleveland State University, Lorain & Cleveland City Schools (K-12) and hospitals like the Cleveland Clinic, University Hospital, Summa Healthcare Facility, to name a few. Other commercial/industrial construction endeavors have included parking garages, water treatment plants and restoration and renovation of historical buildings including the new Horseshoe Casino. Why Northeast Ohio? “It’s competitive, which brings out the best in you,” David says. “There are great opportunities here.” Price appreciates having resources, such as DAS, DOD, NMSDC, MBDA GCP-Minority Business Accelerator 2.5+, and the Diversity Chamber for assistance. Today Price Builders & Developers, Inc. LLC® is ready to expand and redefine our Products and Services Divisions by adding the following: our Private Labeled
Product Line of over 2200 products and 1st Defense® , One Step Clean®, SNiPER®, PhotoLuminescent Pigments, LED Lighting Products and expanding our Safety & Business Training Services with Commercial Cleaning and Graphic Design Services while still offering our Safety, Security and Recordkeeping Services. You can checkout our website at www.pricecorpgroup.com as our website is being updated to reflect the expansion of our business. This expansion will meet the marketplace’s new “green initiatives”, energy conservation and health and safety issues. It has already been proven there is a tremendous need in the marketplace and Price Builders & Developers, Inc. LLC® is ready to fill the need. The new product and training divisions are an emerging global business component providing high-quality products, a full service supplier, distribution and professional training
“Commitment to equality is the critical ingredient to success.” Running a successful company is just one part of the equation. David considers it his personal mission to help others succeed in business, for instance; mentoring and utilization of interns from institutions of higher learning. David believes in cross training not only his office employees but also the interns, and holding informational classes for other minority owned businesses. David wants others to experience what he knows is attainable here in Northeast Ohio and surrounding areas, giving the students an opportunity to stay in their own areas to work succeeding in the jobs we create. The choices we create for the students, David believes, are the responsibility of the small business owners. David is excited about the Diversity Chamber and the new avenues he can use to attain objectives that have been part of his business model from the inception of his business.
North Coast Minority
We want to thank our readers and advertisers for their ongoing support of our products and services. We also want to encourage the business community to foster the growth of our diverse entrepreneurs, our professional graduates and our business students. We ask for community support by sending in vital information, articles, photos and reports that pertain to our minority business and professional community. North Coast Minority MBE will give away a free Âź page ad to a non-profit organization during the months of January until June, one per organization and only four per months. Since this issue is a double December/January, the schedule for the new year will start off in February with an entire Black History section. March will be dedicated to Womanâ€™s History and the Diversity Expo, April will feature Minority Health Month, and in May we will look into an entire career segment.
Table of Contents Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Back Cvr
David Price/ Price Builders Table of Contents Should I Incorporate my Business? Can I change my Business from C to S Corporation? Business & Barter News Business & Barter News Business & Barter News Diversity Expo / Charleta B. Tavares Diversity Chamber Ad Business & Barter News (continued from pg 7) MetroHealth Ad Women Latinas & Small Business Understanding Your Policy / Insurance Understanding Your Policy / Insurance How to Start & Grow Your Business COSE & Small Business Story Ad Stewart Enterprises Ad How to Start & Grow Your Business
(continued from pg 15)
Confidence is Key for Women in Business Alternalite Electric, Inc. / 2 Young Entrepreneurs Entrepreneur Biographies Entrepreneur Biographies S&A Consulting Group Jevon Terrance / Photos Jevon Terrance / Photos Business & Barter News Business & Barter News Business & Barter News Price Developers Sales Tips Universities Universities Boyd & Son Inc Ad Ohio Lottery Ad Lorain National Bank
Diversity Week: Diversity: Business, Health & Wellness – Luncheon Network Tradeshow – 11am – 3pm March 20th Cleveland State University - March 21 Lorain County Community College - March 22 La Centre in Westlake Two Panels of Speakers (16 Total) 120 Minutes of Diversity, Business, Health & Wellness Featured Speaker: Columbus State Senator and Executive Director of Multiethnic Advocates for Cultural Competence (MACC), Charleta B. Tavares will speak on “Diversity in Ohio Organizations”
CPA Radikah Reddy
!"#$%&'#()*(+#,#$&-( (D-Columbus) was elected to serve Ohio's 15th Senate District in November, 2010. She is a committed public servant who served as a member of Columbus City Council from 1999 to 2010. Tavares' state and national reputation as a leader in the areas of health and human services was instrumental in her appointment to serve as the Chair of the Columbus City Council's Health & Human Development Committee. In Council, she also chaired the Housing Committee. Prior to joining Council, Tavares left a legacy for the citizens of Ohio during her 5 ½ year tenure in the Ohio General Assembly as the State Representative in the 22nd House District. Tavares was the first African-American female to serve in the state legislature from Franklin County and the first African-American woman ever to hold a leadership position in the Ohio General Assembly. Tavares currently serves as Executive Director of Multiethnic Advocates for Cultural Competence (MACC), a statewide non-profit membership organization whose mission is to enhance the quality of care in Ohio's behavioral healthcare system
Attorney Richard Herman “The Diverse Entrepreneur” - Attorney George Pla “Business & Diversity” Dr. Tameka Taylor/ Ruth Ramos “Generational Diversity” - Professor Lisa Gaynier Diversity & the CEO Attorney Patricia Smith “Diversity in the Legal Industry ” - President Rita Singh “Women in Business” CPA Radikah Reddy: Testimonial “An Immigrant Entrepreneur” - COSE Rep: “Small Business Health & Wellness” Cleveland Clinic: “Diversity in Health” - 16 Panelist Total March 20, 10-4pm CSU: Panel – Tradeshow - Luncheon – Workshop – Speed Networking March 21, 10-4pm LCCC: Panel – Tradeshow - Luncheon – Workshop – Speed Networking March 22, 6-11pm Le Centre Westlake – Featured Speaker – Music – Celebrity Fashion Show – Dinner – Dancing Sponsorships Available: Go to www.NorthCoastDiversity.com
Attorney Patricia Smith
Professor Lisa Gaynier
and to incorporate cultural competence into systems and organizations that provide care to Ohio's vulnerable and at risk populations. Tavares formerly served as the Chief of the Children's Protection Section in the Ohio Attorney General's Office. In this position, she played a leadership role in developing and advocating for policy and legislative initiatives to protect the health, safety, education and security of Ohio's children. She also served four years as Associate Director of the Public Children Services Association of Ohio and as a Legislative Assistant and chief staff person to the Human Resources Subcommittee of the Ohio House Finance-Appropriations Committee. She currently serves as the Ranking Minority Member on the Senate Ways and Means Committee and Economic Development Committee.
Senator Tavares Receives Champion Of Small Business Award
On August 8th, State Senator Charleta B. Tavares was honored at the 2012 National Conference of State Legislature (NCSL) Legislative Summit in Chicago with a
CEO Rita Singh
“Champion of Small Business” award from the National Coalition for Capital. Senator Tavares and 33 fellow legislators and officials from across the nation were recognized for their leadership at the annual National Coalition for Capital Awards Ceremony. “This award recognizes Senator Tavares’ important work to preserve and create jobs through access to capital policy that helps Ohio small businesses grow and develop,” said Michael Votta, President of the National Coalition for Capital. “Senator Tavares had demonstrated she is a champion of small business, and her efforts will have an enduring positive impact on Ohio.” Champions of Small Business Awards recognize individuals for demonstrating leadership in supporting policies and initiatives designed to promote access to capital for small businesses and entrepreneurs, especially those in economically distressed communities. Senator Tavares recently introduced new legislation, along with Senator Bill Beagle, to expand the existing New Market Tax Credit program to attract investment in low- income areas. “Now more than ever, it is critical that elected officials do their part to advance innovative access to capital
Dr. Taylor & Ramos Clifford
policies that allow small businesses to grow and prosper,” said Senator Tavares. “I am pleased to be among those honored for supporting small businesses and entrepreneurs as they strive to preserve and grow jobs in their communities.”
On May 22, State Senators Nina Turner (D-Cleveland) and Charleta B. Tavares (D-Columbus) introduced the Fair and Acceptable Income Required (FAIR) Act to update state laws that protect Ohioans, particularly women, from wage discrimination.
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Women Latinas !!!!!!!!!!!"#$%%!&'()*+((
owners and entrepreneurs, both men and women, should take into account. In this economy, capital is very tight. It is more difficult to get a large loan from a bank, and those who are passionate about starting their own company need to be able to make a little stretch a long way. Women are leading the Women-Owned Businesses Are More way in this new paradigm. Nimble, Creative Small business is the cornerstone of the American identity, and, while the overall trend for Hispanic business owners has been difficult with the current economic situation, the number of women small business owners has grown consistently.
According to the Director for the Louisiana Small Business Development Center, Bill Joubert, small businesses owned by women tend to be better suited to the current economic climate: Startup growth for women-owned businesses is 40-45 percent faster than for male-owned businesses. Women tend to invest less than men in their startups. Women take out an average of $20,000 to $50,000 in loans to start a business, whereas men tend to require on average closer to $1 million. This is something Hispanic business
Why Are Women So Successful? Here are some important facts to keep in mind when thinking about the success of women in U.S. small business: It has not even been 100 years since women in the United States received the right to vote. It has been even shorter since the massive cultural shift in the 1960s, ’70s and ’80s that saw women take charge of their professional lives. Women now employ 40 percent more people than the top three U.S. employers: McDonald’s, Wal-Mart and IBM. Women-owned businesses employ 7.7
million people. Between 1997 and 2007, women-owned companies grew at a rate of 44 percent, which was twice the rate of maleowned companies. Nearly 30 percent of all businesses are owned by women. Just 25 years ago, only 10 percent of businesses were owned by women, and 25 years before that, the number was negligible. The business model of women-owned businesses tends to be focused on networking and outreach rather than massive capital investment. The numbers suggest this, with male-owned businesses typically bringing in more money in revenue. Hedy Ratner started the Women’s Business Development Center in Chicago 25 years ago. The center specializes in providing small loans of less than $20,000 to female owners of small businesses. She has suggested that the only reason male-owned small businesses bring in more revenue than female small businesses is the venture capitalists who traditionally fund business development are primarily male. Columbus, Ohio, entrepreneur Mary McCarthy agrees. To combat these trends that make women-owned small business a !"
challenge, she started the Women’s Small Business Accelerator to offer cheap office space, utilities and mentoring programs to help women get a leg up. She said men “tend to get more support” when they want to start and focus on their business. With capital funds drying up and investors nervous about opening their wallets to new ideas, it is the savvy businesswoman who knows how to carve out a place in her community for her product or service to thrive.
tions can be far more important to the success of a business than getting big loans.
Time to Shine
While the road may be difficult for women Latinas and Small business owners, they Business have shown through the In particular, Hispanic years that they can business women should succeed at what has be inspired by these been traditionally a numbers and trends. It man’s game. While it is not often talked may appear from some about, but if venture metrics such as revenue capitalist investors are growth and capital less likely to provide investment numbers that million-dollar investwomen still have the ments in start-up lower hand, the businesses to women is economy suggests that true, it is doubly true for women’s time to shine Latinas. Women in the has only just begun. Hispanic community who dream of starting a business and making it for themselves must skillfully budget time, money and growth to ensure their companies sustain themselves and thrive. Networking and communications skills are a must in our information economy, and making and maintaining connec-
!"#$%&%#'())%*+,-./,,0% 1%2345/(6%#+77/,,%#896:; In 1971, the hit TV show “All in the Family” premiered, Joe Frazier fought Muhammad Ali at Madison Square Garden, George C. Scott won an Oscar for the movie “Patton” and refused to accept it, and a first class stamp cost $ .06 and a gallon of gas was only $ .36. Ah, the good old days, right? Well, not exactly for small businesses in Northeast Ohio. They had no one to turn to for guidance. They were on their own when negotiating the costs of employee benefits, shipping and freight, payroll, energy and workers’ comp. There was no one to represent their interests in important state and federal legislation. And, they certainly didn’t have an organization with the mission of connecting them to the resources they needed. In 1972, that all changed with the founding of the Council of Smaller Enterprises (COSE). A small group of concerned small business owners decided they had enough. COSE was formed as an organization FOR small businesses RUN by small businesses. They immediately went to Washington and Columbus to meet with legislators demanding that laws be changed to allow small businesses to band together to purchase group health insurance at lower rates – which evened the playing field with their larger, corporate counterparts. With this victory, small businesses finally had a voice! Membership in COSE quickly skyrocketed from the initial few hundred companies to become the largest regional small business support organization in the U.S.
COSE is now celebrating its 40th year and 14,000 members! Through it all, COSE’s mission remains the same – to advocate, lead and serve on behalf of small business. COSE helps small businesses succeed! How COSE delivers on that mission has evolved over the years as the challenges facing small businesses have changed. No longer is COSE simply a savings organization. COSE connects small businesses to people, resources and opportunities. In January, COSE’s Annual Meeting will celebrate the group’s 40-year milestone, fittingly, at the Cleveland Museum of Natural History! You’re invited to attend this event to hear actual small businesses attest to how lives and livelihoods have been impacted by COSE. If you’d like to read some of these inspiring stories now, log on to COSE’s special 40th anniversary website (cose.org/40years). Today, with the wealth of resources and opportunity COSE brings to the table for area small businesses, it’s hard to believe how different it was in 1971! Those looking to help carry the banner for small business and join COSE should visit cose.org or call 216.592.2355.
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By Andrea Cotter | Oct 10, 2012
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Two Young Entrepreneurs / Alternalite Electric Inc. NCE) Hi there folks let’s start this off by introducing yourself to our readers? What are your names and the name of your company your location and how long have you been there? - Jose: We are Jose L. Ramos, Jr. and Gertrudis (Trudy) Ramos, the name of our company is Alternalite Electric, Inc. Since we incorporated in March of 2011, we have been running our operations out of our home in North Olmsted. We converted our formal living room into office space and use part of our garage for storing equipment.
NCE) If both of you are originally from Cleveland, share some of your background information with our readers?
- Jose: I was born and raised in Cleveland. I went to Metro Catholic and St. Ignatius High School, and then went on to study culinary arts at the Indiana University of Pennsylvania. From 2006 to 2011, I was enrolled in an electrical apprenticeship program through the International Brotherhood of Electrical Workers (IBEW) Local 38 Union and the Joint Apprenticeship Training Center (JATC). - Trudy: I was born and raised in Cleveland. I graduated from North Olmsted High School and then earned a Bachelor of Arts degree in Business Administration from Baldwin Wallace College. Five years later, I returned to school and earned a Master of Business Administration (MBA) from Cleveland State University. Jose and I have lived in North Olmsted with our two daughters (Veronica and Gabriella) for the past three years.
NCE) When did you first realize you were an Entrepreneur and what project did you take on?
- Following our parents’ footsteps, we have both had entrepreneurial aspirations since high school. Once we got married in 2002, we began brainstorming about what kind of business we could start. We considered everything from a motorcycle dealer to a restaurant, to a daycare center…and everything in between. In 2003, we began a small home remodeling business, called The Handyman Home Co. Our first project for the business was to completely remodel a home that we had purchased through Sheriff’s Sale. We worked on the house for nearly 18 months, which served as a priceless educational tool rather than as a money-maker.
NCE) When did you start your present company and what was the motivation behind that?
- We made the decision to start our own Union electrical contracting company in December of 2010 and incorporated in March of 2011. Our main goals for going into this business included (1) providing fulfilling and rewarding employment for ourselves and our employees, (2) giving back to the local community, (3) serving as an inspiration, role model, and mentor for aspiring entrepreneurs, and (4) achieving our true potential. We wanted to take everything we learned through running The Handyman Home Co. and Trudy’s MBA and apply it to this new business. We had finally learned how to create a business with efficient systems, rather than running around from job to job like a chicken with its head cut off.
NCE) Where has your company taken you since you started?
- We are extremely proud to say that Alternalite Electric’s first project is at the Cleveland Medical Mart and Convention Center. We are engaged in a wonderful mentoring program with Zenith Systems, LLC and Turner Construction. Mike Joyce, CEO of Zenith Systems, has been an invaluable mentor and friend, and he has taught us a great deal about the electrical contracting industry. Throughout the past several months, we have met with many of the major electrical contractors in the Cleveland area in hopes of obtaining other business opportunities.
NCE) What are some of your daily duties?
- Jose: At the Medical Mart, I install temporary power and lighting, complete daily construction reports, and fill out safety task analysis forms. I then spend a few hours each evening studying estimating, reading electrical publications, and ordering tools. - Trudy: During the day, I run the office, complete certification applications, schedule business meetings, manage the company finances, and meet with our business consultants. Once the kids go to bed, I work on our website, do research and planning, and catch up on e-mails.
NCE) What’s the best thing that you like about what you do?
- Jose: I enjoy being at different job sites and seeing buildings being constructed from the ground up. There’s nothing mundane about this profession – there’s something new every day. - Trudy: I get really excited every time I create a new system that our future employees will follow. I’m currently working on developing an operations manual that will describe in detail how everything is done. It’s the same concept that franchises use in their operations – by teaching other people my systems, they can run the company just as I would, which creates sustainability and facilitates succession planning.
NCE) How has the recession affected your company?
- We were not in this business before the recession, so we can only guess. If we currently had a booming economy, we would probably have higher lines of credit with our banks and suppliers, and there would likely be more commercial construction projects on the horizon. On the flip side, a stronger economy might have created additional competition for us since more electricians and electrical engineers would have started their own company. In an uncertain economy, most people don’t do what we did: quit our secure jobs, invest all of our personal savings, borrow a lot of money, and start a business in a highly competitive industry.
NCE) What have you accomplished in the last 24 months that you are most proud of?
-These past two years have been absolutely amazing for us in many ways, and we are very proud of everything we’ve done to get to where we are. It’s difficult to choose what we are most proud of, but if we had to pick only one accomplishment, it would be starting our own Union electrical contracting business five months before Jose graduated from his apprenticeship program. According to the JATC training director, no apprentice had ever done that before.
NCE) What advice would you give to someone that wants to get into a similar business?
-The most important thing is to know why you want to go into business. Even getting through the start-up process takes much time, commitment, money, sacrifice, and perseverance. People will try to make you give up, but if you have strong convictions and it is what you are meant to do, then nothing will stop you. Before and during your start-up, meet with your local chamber of commerce, current business owners, small business development agencies, and anyone else who is willing to talk to you about your business. Ask lots of questions, pay attention to everyone’s answers, and then pull all of that information together and come to your own conclusions. Most people won’t tell you the whole story, but if you put all of the bits of advice together and add your own thoughts and experiences to the mix, you’ll have a pretty good idea of what to do.
NCE) What’s Next for your organization?
- Jose will focus on learning estimating so that we can begin to bid on projects, rather than continuing to work on a Time & Material basis. We have also enrolled in the James H. Walker Turner School of Construction Management, which begins in mid-February. I want to thank Jose and Trudy Ramos for the opportunity to share with us about their lives, opportunities and Entrepreneurial spirit. We wish them the best . If you have a project for them or just want some more information call 440-777-7800.
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Urban Business Roundtable Spotlight: TV One CEO Wonya Lucas More
on the entrepreneurs, business strategies and economic news on The Urban Business Roundtableby Alfred Edmond, Jr. TV One CEO Wonya Lucas (Image: Courtesy of Subject)
The Urban Business Roundtable, UBR contributor Renita D. Young speaks with Wonya Lucas, the president and CEO of TV One L.L.C., a cable television company focused on providing a broad range of programming for African American adults. Based in Silver Spring, Maryland, TV One earned revenues of $121 million in 2011 to land at No. 28 on the Black Enterprise 100s list of the nation’s largest Black-owned industrial/service companies. With an extensive background in television, Lucas is the visionary for TV One as it embarks in a fresh direction with bold, original prime-time programming, supplemented by quality content aimed at adults who want to be informed as well as entertained, including Our World with Black Enterprise and the Black Enterprise Business Report. Before joining TV One, she was executive president and chief operating officer of The Discovery Channel. Lucas has also held positions with The Weather Channel, TNT, TBS and CNN, and was named among the 75 Most Powerful Women in Business by Black Enterprise. She joins the Roundtable to talk about her goals for TV One and her journey to the CEO’s seat. Also, UBR Contributor Samantha Pass speaks with M.E.T.A.L. Law Group Co-founding Partner Richard B. Jefferson, who shares what you need to know to become a master negotiator. Jefferson, who began his legal career at Virgin Records America Inc., co-founded M.E.T.A.L. Law Group in Los Angeles in 2003. With extensive experience managing intellectual property portfolios and protecting brands in music, television, film and fashion, he has represented entertainers, athletes and entrepreneurs in negotiations with companies including Universal Records, Disney, E! Entertainment and NBC Universal.
Chicago’s 40 Game Changers, who were honored last week at an event hosted by Ariel Investments and WVON. The 40 Game Changers honors executives, entrepreneurs and thought leaders in areas ranging from the creative arts to education ages 40 and under in the Chicagoland area. Recognized according to selection criteria including vision, leadership, innovation and community engagement, this year’s Game Changers rank among the best and brightest not only in Chicago, but also our entire nation. And finally, every week on UBR, you’ll get motivation and inspiration from author and entrepreneurial icon Farrah Gray, a weekly wrap-up of business news from USA Today business correspondent Charisse Jones, our Patient Investor Report from Khoa X. Ho of Ariel Investments and key economic intelligence for small business owners from our UBR economists Derrick Collins and Rasheed Carter. If you have a question you want answered or a topic you want addressed on The Urban Business Roundtable, connect with me at BE Insider, the social media network for people who are serious about Black Enterprise. You can also find me on Twitter and Facebook. Alfred Edmond Jr. is the senior VP/editorat-large of Black Enterprise and the host of the Urban Business Roundtable, a weekly radio show, sponsored by Ariel Investments, airing CST Wednesdays at 8:30 a.m., Thursdays at 6:30 p.m. and Saturdays at 9:30 a.m. on WVON-AM 1690, the Talk of Chicago. You can also listen live online at WVON.com. Check back each week for UBR Spotlight, which features additional resources, advice and information from and about the topics, entrepreneurs and experts featured on the show.
Investing in Our Future: Ohio Third Frontier Awards Millions to Northeast Ohio
of M.E.T.A.L. Group LLC. (Image: Courtesy of Subject)
Yesterday afternoon, Ohio Third Frontier announced a multimillion-dollar commitment to Northeast Ohio entrepreneurs. Through the State’s Pre-Seed Fund Capitalization Program, four organizations—Case Western Reserve University, Cleveland Clinic Foundation, Lorain County Community Foundation and JumpStart—were awarded more than $11 million to invest directly in entrepreneurial companies.
In my “Alfred’s Notepad” this week, I congratulate the latest class of
Ohio Third Frontier awards require organizations receiving them to raise 1:1 matching money, meaning more than $22 million in investing capital should soon be available to the region’s
Richard B. Jefferson
most promising young businesses. “These awards enable our region to invest in biomedical, IT and energy companies that can make significant contributions to Northeast Ohio’s economy while commercializing innovations that could change the way the world lives, works and plays,” said JumpStart CEO Ray Leach. JumpStart has committed more than $26 million to 67 Northeast Ohio tech-based startups and given business assistance to 432 companies over the last seven years. These still-growing businesses have raised $512 million in risk capital, collectively generated nearly $100 million in revenue in one year and created 1,544 direct jobs to-date Ohio Third Frontier Recommends Funding to Support Ohio’s Economic Development Strategy COLUMBUS – Ohio Third Frontier continues to make investments in Ohio’s economy by supporting its regional partners and the advancement of new technologies. Today the Ohio Third Frontier Commission recommended funding for the Ohio Third Frontier JobsOhio Network Program, the Technology Validation and Start-Up Fund and the Pre-Seed Fund Capitalization Program. The awards are contingent upon Controlling Board approval. “These investments support Ohio’s economic development strategy through local partnerships and help move technologies from research and development to commercialization,” said Christiane Schmenk, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “Ohio Third Frontier is supporting the development of cutting-edge technologies and early-stage companies to ensure Ohio’s tech-based economy thrives.” Ohio Third Frontier JobsOhio Network Program JobsOhio is a nonprofit organization established to promote job growth and economic expansion in Ohio. Through a partnership with six regionally-based economic development groups around the state known as the JobsOhio Network, the Ohio Development Services Agency and JobsOhio are aggressively pursuing the retention, expansion and recruitment of businesses with high potential for job and wealth creation in strategic industry sectors in Ohio. The regional network structure is organized to support the aligned goals of Ohio Third Frontier and JobsOhio. Appalachian Partnership for Economic Growth, located in the city of Nelsonville (Athens County), was awarded $800,000. Cincinnati USA Regional Chamber, located in the city of Cincinnati (Hamilton County), was awarded $1,356,110. Columbus2020, located in the city of Columbus (Franklin County), was awarded $1,812,333. Development Projects, Inc., located in the city of Dayton (Montgomery County), was awarded $1,276,585. Regional Growth Partnership, Inc., located in the city of Toledo (Lucas County), was awarded $1,171,947. Team NEO Foundation, located in the city of Cleveland (Cuyahoga County), was awarded $2,754,076. Ohio Third Frontier Technology Validation and Start-Up Fund
By Lou Acosta The streets of Broadway in Lorain, Ohio are reaping with the success of popup shops. Similar to the pop ups taking place in Cleveland neighborhoods, the City of Lorain’s Development Department has given over 20 vacant store-front locations to aspiring Entrepreneurs for the Holidays. A few of the local startups are planning to continue with their business at the same locations. One such Urban Professional is Arron Simmons, also known as Jevon Terrance, A Fashion Designer that is building a strong reputation in Lorain and Cleveland. Jevon Terance located at 712 Broadway in Lorain is a unique store, with custom designed clothes sewn by Jevon himself, the clothes are one of a kind. “We sell men’s, women’s, jackets, sweaters, shirts, and we can order anything and it will be ready in two weeks,” said Mia Arredondo, fashion consultant. “This is an opportunity to bring something new to Lorain.” After two years of showcasing his line of clothing in both the Lorain and Cleveland area, Jevon now has a home. Born in Lorain, he plans to be at his current location for at least a year and expects his business can grow. He still remembers when he played basketball in high school, one day while playing a pickup game on the city’s south side, he broke his arm and his basketball career ended early. “The broken arm could have held me back,’ he said. “But I wanted to work for Nike and design shoes, so, I taught myself how to sew.” It was that same park on the South side of Lorain where Jevon first showcased his line of clothes. He said it was fitting to have his first showcase at the same park that ended basketball, but began the career he has now. Over 300 people came out to support him that day, now two years later he’s had several more showcases and a location, but his dream has not been met yet. “I would like to be part of a reality show with my line, have celebrities wear my clothes and have my line in major department stores.” Jevon Terrance is open Monday to Friday 4pm-8pm and Saturday’s from 12pm to 9pm. North Coast MBE & Urban Professionals would like to take this time to showcase this up and coming Fashion Designer in a Photo Gallery: “The Jevon Terrance Fashion Line”
Photo by Lou Acosta
The Cleveland NAACP has a new President. The Rev. Hilton Smith was elected to a two-year term as president of the Cleveland branch of the oldest civil rights group in the nation, the NAACP, and itâ€™s first elected president in 20 years. The Rev. Smith is still a VP for Turner Construction as well as an associate pastor at Greater Abyssinia Baptist Church. Since the resignation of Attorney George Forbes back in April, the organization has been functioning with an interim president and executive director. Smith wants to immediately meet with the Board of Directors and officers to move forward with itâ€™s mission of improving civil rights, as well as recruit and attract young professionals. His goals as president are to focus on economic development and to help improve the educational system. Other winners include: retired Judge Sarah J. Harper who won the third vice president seat. Also winning executive office seats were Rev. E.T. Caviness, pastor of Greater Abyssinia, who is now the first vice president of the group, and Bishop F.E. Perry, who is pastor at Cathedral and who is the second vice president. Arlene Anderson and Marcia McCoy were elected as secretary and assistant secretary for the unit, and Amos Mashua was re-elected again as treasurer. Want to become a member of the NAACP? Cleveland Branch NAACP 2131 Stokes Boulevard Cleveland, OH 44106 216.231.6260.
Mark your calendar! The Minority Business Development Agency (MBDA) Business Center-Cleveland conference will be a two-day event that provides established minority businesses with the opportunity to network, participate in informative discussions, and hear from influential speakers regarding achieving professional success. The focus will be on Positioning Your Company for Domestic and International Growth. The conference will present minority businesses with the growth strategies needed to expand their professional networks and increase visibility. Please mark your calendar. More information will be available in the coming weeks. MBDA Cleveland Business Center Conference March 14 - March 15, 2013 Renaissance Downtown Cleveland 24 Public Square Cleveland, Ohio 44113 Attendees will be able to: Present their company's capabilities to procurement officers from several major corporations. Obtain resourceful information regarding access to capital, logistical planning, and developing company infrastructure. Network with experts to identify potential markets and acquire information to generate strategic alliances. For more information: Phone: 216.592.2253 Email: email@example.com Website: www.mbdacleveland.com
The Hotel and Resort Industry Economic inequality is at its highest levels in recent decades--access to jobs with livable wages and long-term career possibilities is imperative in African American and underserved communities. To meet this need, the NAACP's reformed its consumer choice guide (which covered five industries and over 50 different corporations) into a report highlighting the fastest growing industries with competitive jobs and wealth building opportunities. The Opportunity and Diversity Report Card-- is a demonstration of the NAACP Economic Departmentâ€™s commitment to ensuring that government and industry are knowledgeable and committed to bridging racial inequality, particularly as it relates to employment, wealth, lending, and business ownership. Over the next 4 years, a total of 7 reports will be released highlighting employment opportunities in the fastest growing sectors in the country--beginning with the hotel and lodging industry. To read the entire article go to http://www.naacp.org/blog
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