The program aims to invest $500,000 in local small businesses.
CLEVELAND, Ohio -Mayor Justin Bibb announced on Wednesday the city is partnering with Huntington Bank to sink $500,000 into small businesses.
“Half of minority-owned businesses were decimated during this pandemic compared to 17 percent of their white counterparts,” said Mayor Bibb.The goal of to connect minority business owners with resources to help them grow and succeed. 11 non-profit organizations that are based in Northeast Ohio will help connect business owners to those resources.“Although I’m a native son of the Southeast side, I think we all recognized this part of the city has not gotten its fair share of resources for way too long,” Bibb added.
“It’s hard to go into a traditional bank and request funding for that because they look at you as a small business.... so this program is really a game-changer,” said Andrea Willson, co-owner of Community Investment Deals.Wilson and her husband will be receiving help from the program. “My husband and I run the operation currently so It helps us with staffing, the program actually helps you build your financials, everything you need to be bankable,” said Wilson.“There is help for you out there, don’t give up... so go out and build those connections within the community,” said Wilson.
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