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
Managing Partner, Connecticut Overseas Ventures and Enterprises, Inc. (COVE)
Commissioner, Connecticut Department of Economic & Community Development
Director, Ethnic Online
Member, Samuel Wilson, Jr. CPA
2018 Meeting Dates
January 12, 2018 (2nd Friday) from 11 AM-12 PM, DECD Commissioner's Conference Room, 4th Floor, South
10-13-2017: The Connecticut General Assembly and the DECD Commissioner appointed members to the new minority business advisory board in accordance with Sections 6 and 7 of Public Act 17-219. See https://www.cga.ct.gov/2017/ACT/PA/2017PA-00219-R00SB-00966-PA.htm.
Content Last Modified on 12/26/2017 4:09:54 PM