July 24, 2012
MBA reports increased inclusion spending and higher level of activity
The Minority Business Accelerator (MBA) is heading into its eighth year of operation. With more portfolio firms, increased inclusion spending and higher level of activity, this year's annual report provides an in-depth look at their last 12 months of activity.
Some highlights: 2011 was a banner year of growth, with 40 African-American and Hispanic owned firms in the portfolio and 28 goal setters across the region. Spending with minority firms pushed past the half billion mark to a $594 million in spend. With over 3100 employees, the MBA calculates the consumer buying power of the minority businesses to be over $46 million. In short, the MBA model continues to drive results and real dollars in the region.
Read the full report here