- Associated Press - Tuesday, February 4, 2014

CINCINNATI (AP) - The Cincinnati area chamber of commerce is launching its effort to provide financing for economic development to minority-owned businesses.

The Cincinnati USA Regional Chamber’s fund offers flexible debt capital for African American- and Hispanic-owned companies. The chamber’s Minority Business Accelerator will begin this week accepting applications. It expects to make three to four loans a year, with an average size of $175,000.

Named for late media owner and entrepreneur L. Ross Love, the GrowthBridge Fund has raised more than $1.7 million from 28 investors. The Greater Cincinnati Foundation has invested $500,000 in the project. Fundraising is continuing toward a goal of at least $2 million.



Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide