Greater Cincinnati African American Chamber seeing results from The Sudduth Society in growing small, minority-owned companies into million-dollar firms
Sudduth Candidate experiencing double digit growth as they approach Pitch Night.
(Cincinnati, OH) — The local African American Chamber in partnership with SQUARE1 Inc. (startatsquare1.org), a nonprofit that assists entrepreneurs in evaluating, launching and growing their businesses, has been running a new minority-owned business growth platform.
The Sudduth Society — named after influential Cincinnati African American hotelier Horace Sudduth — is a 90-day business hyper growth program. It helps existing businesses build capacity to become the region’s next set of million-dollar, minority-led businesses.
Six area companies are in the program, representing manufacturing, technology, logistics and other fast-growing industries. At the halfway point these companies have already experienced significant growth with cumulative revenues increasing by 20%.
Participants are connected directly with the procurement teams from some of the region’s more prominent firms including Macy’s, TriHealth, as well as the City of Cincinnati.
“A key component of the program is our Procurement Advisory Council” explains Anthony Barwick, Vice President of the African American Chamber and the key initiator of the program.
The program ends with a Pitch Night on May 25th that will include the Procurement Advisory Council as well as other local business and community leaders. Shortly thereafter the group will begin accepting applications for the next session planned for the fall of 2016.
Weekly course sessions are led by subject matter experts allowing the entrepreneurs to gain a deeper understanding of their business and explore new tactics to grow.
“We combine interactive weekly lessons with a select set of tools and one-on-one consultation to prepare these companies to pitch for contracts from our procurement partners,” says Keith Schneider, President of SQUARE1.
The inaugural class includes:
C H Smith & Associates, LLC – A provider management consulting and evaluation services for the public and non-profit sector. http://chsmithassociates.com
Market Direct, Inc. – A marketing communications company providing marketing services and collateral designed to help support marketing strategies and programs that focus on branding, organizational growth, customer and employee incentives event marketing. mdi specializes in creating and producing event marketing collateral packages for social & business occasions, tradeshows, conferences, conventions and recognition & award events. http://marketdirectinc.com
TSP Solutions, LLC – A manufacturer of proprietary, commercial and specialty coatings for the printing industry. Their products have a history of value and performance. They are able to manufacture aqueous and energy curable coatings, as well as oil-based OPV for offset, flexo and digital applications. In addition, TSP Solutions can custom formulate products specifically tailored to your needs. http://tspsolutions.biz
Empire Express Transport – Empire Express specializes in LTL freight transporting, and supports many Fortune 500 companies by providing custom last mile delivery solutions. http://empireexpress.co
Orchestrate Technologies – Orchestrate blends best in class, simple, cloud and managed services solutions to help strategically engaged businesses grow throughout the United States. We find creative ways to leverage emerging and integrated technologies to align people and processes to help our clients further their core objectives. http://www.orchestratetech.com
World Class Laundry and Linen Inc. – A provider of garment care and linen services for the hospitality and medical industry in the Tristate area. Through an affiliated company The Drycleaning Shop they offer retail consumers garment care services in Downtown City of Hamilton, West Chester and Downtown City of Cincinnati. http://thedrycleaningshop.com
“As a business owner, I am always looking for ways to enhance our culture and how we operate internally, and what image is being conveyed by our organization externally,” says Vincent Williams, partner at Orchestrate Technologies. He adds “The Sudduth program has provided additional leadership perspectives, business resources and guidance at a critical time for our business as we’ve navigated through that continued growth.”
Schneider feels the program fills a significant gap in Greater Cincinnati’s economic development and entrepreneur support ecosystem. “These revenue-generating, small businesses have amazing potential to both create jobs, grow revenues, and invest in our community; yet few programs exist specifically geared toward assisting them.”
The program is named after a successful African American businessman in Cincinnati from the early 1900’s, Horace Sudduth. A strong supporter of progressive business thinking, Sudduth owned the Manse Hotel, a prominent area hotel known for hosting influential African American visitors such as Sammy Davis Jr. Sudduth also served as president of the Industrial Federal Savings & Loan Association, the National Negro Business League, and the New Orphanage for Colored Children of Cincinnati, among other civic organizations.
About the African American Chamber
The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce is the largest African American Chambers in the State of Ohio. We are as committed to inclusion as we are to business development; and as focused on advocacy as we are on building capacity. We will leverage regional partnerships and collaboration with organizations and supplier diversity and inclusion experts to empower your business to succeed.
SQUARE1, Inc. is an entrepreneurial education and business accelerator services nonprofit providing resources to a broad range of individuals interested in turning ideas and research into business startups. The mission is to work collaboratively to grow the ecosystem that supports their efforts. This revolves around educational opportunities and the optimization of resources to better support individuals seeking to improve their personal situations or contribute to the growth of our community through new business creation.
President, SQUARE1, Inc.