The Minority Business Initiative (MBI), developed by the Department of Economic and Community Development in cooperation with its strategic partnerships, is designed to boost access to technical assistance, state, federal and private funding, and public contracting opportunities for minority-owned businesses in the state.
By law, there is a Minority Business Initiative Advisory Board to:
(1) advise the Commissioner of Economic and Community Development with regard to increasing the availability of technical assistance, access to capital and access to state contracts to minority-owned businesses; and
(2) develop and administer programs to foster financial literacy, minority employment and entrepreneurship, which may include, but need not be limited to, internship and externship programs, apprenticeship programs, entrepreneurship programs and subsidies to employers for job creation.
DECD takes a multi-pronged approach that includes working with community organizations, media outlets, and other outreach efforts to raise awareness about the many programs and services offered by the state and its partners.
HEDCO will administer the minority business financial assistance.
The board is comprised of community leaders, small business owners, and business development professionals, with a range of experience in the following any of the areas: (A) skill, knowledge and experience in business and business development, procurement, and state and federal contracting; (B) skill, knowledge and experience in developing minority-owned businesses; (C) membership or office position in a community organization serving minority populations that has economic development, including, but not limited to, business and entrepreneurial development, as part of its mission; (D) business development education and training expertise; (E) representing a business or organization that primarily engages in business development; or (F) business ownership.
Director of Urban Affairs, Connecticut Senate Republican Caucus
Owner, Howard K. Hill Funeral Services LLC
President, Outreach Realty Servicing LLC
Member, Law Offices of James T. Maye LLC
State Senator, Connecticut Senate Democratic Caucus
President, Connecticut Overseas Ventures and Enterprises, Inc. (COVE)
Commissioner, Connecticut Department of Economic & Community Development
Director, Ethnic Online
Member, Samuel Wilson, Jr. CPA
2017 Meeting Dates
January 6, 2017
February 3, 2017
March 3, 2017
April 7, 2017
May 5, 2017
June 2, 2017
July 7, 2017 ==> rescheduled to July 25, 2017
August 4, 2017
September 1, 2017
October 30, 2017
No regular meeting in November (strategic session instead)
December 14, 2017
As par Sections 6 and 7 of Public Act 17-219, the Connecticut General Assembly and the DECD Commissioner appointed a new minority business advisory board. See https://www.cga.ct.gov/2017/ACT/PA/2017PA-00219-R00SB-00966-PA.htm.
Content Last Modified on 10/13/2017 5:45:03 PM