Minority-owned business accelerator program continues to grow
The African American Chamber has launched its 3rd Sudduth Society class for growing minority-owned companies. Seven Greater Cincinnati B2B and professional services companies make up the current class.
The Sudduth Society provides a 13-week business hyper-growth curriculum that provides introductions to and opportunities with regional procurement professionals. It helps existing businesses build capacity to become the region’s next set of high-growth, minority-led businesses.
Graduates have gone on to earn five-figure state contracts, close new contracts through relationships built during the program, and raise tens of thousands of dollars in capital to support their growth.
“The Sudduth Society is our mission in action,” explains AAC President Eric Kearney. “Connecting these companies to procurement partners like State of Ohio, Premiere Health, Messer Construction, University of Cincinnati, Cincinnati Metropolitan Housing Authority, and the City of Cincinnati is a win-win. We deliver highly qualified and vetted minority enterprises to regional companies with diversity and inclusion procurement strategies.”
Class 3 includes:
BID Business & Individual Development – Provides management consulting to organizations to improve performance and efficiency through Project Management; Success & Strategic Planning; Technology Implementation; Training Development; Business Process Design; Organization Networking and Design.
Annie Ruth Enterprises LLC – Arts, education and art business consulting services. Workshops and training for arts education and art business development. Original art, book and products created by Annie Ruth for wholesale and retail sale.
Agency Seven PR – Works with businesses and brands to help them connect, engage and communicate with their target audiences by telling their story in an authentic way. We do this through strategic and creative services that include: public relations, marketing, events, consulting and education.
Communication Stamp – Provides consulting services, training and outsourcing capabilities to startups, small and minority businesses to develop and to implement their corporate image and key communications strategies.
Vidatt Energy – Sells and distributes of petroleum based products, fuels, lubricants, solvents, chemicals, coal, and more.
1st Stream LLC – Project Lifecycle Management; Project Administration; Financing Recommendations and Funding Proposals; Bid Review, Analysis and Contract Negotiations; Team Selection and Coordination; Collaboration with Municipalities & Authorities; Issue Resolution – Analysis, Identification, Tracking and Facilitation; Construction Methods and Systems Evaluation; Quality Solutions-Schedule, Scope, Budget and Risk Management; Construction Management and Administration; Project Design Management. Review of: Conceptual Design, Design Development, Construction Drawings, Specification, Marketing Campaign (Per separate Real Estate agreement), Marketing Campaign
Pre-Leasing and Sale
L’BAE (Living Blessed and Empowered) Studio 1LLC – Inspirational Education.
The program is funded, in part, by the City of Cincinnati. In regard to the City’s participation Oscar Bedolla, Director, Dept. of Community and Economic Development expressed that “DCED is committed to supporting minority-owned businesses and values the work of the AAC and Square1 in increasing the capacity of the Sudduth Program participants. The products and services presented at the Pitch Day demonstrated strengths of both our Main Street businesses and innovative small businesses alike.”
Keith Schneider, President of SQUARE1 and Sudduth’s program management partner describes the program as beginning with the end in mind. “We invite the procurement teams of well-established Greater Cincinnati companies to mentor the participants throughout the program enabling a future procurement relationship.”
The program concludes with a Pitch Day allowing the Candidates to present directly to dozens of procurement professionals, investors, and partners giving direct access to new clients and opportunities.
Seeking Applicants for Next Class
Additional Sudduth Society, Minority Business Startup, Supplier Velocity programs are planned for Cincinnati, Northern Cincinnati, and Northern Kentucky.
All people seeking to launch or grow their business are welcome to apply. For more information and to apply please visit http://startatsquare1.com, email firstname.lastname@example.org or call at 859-750-2013.
About The Sudduth Society
The program is named after Horace Sudduth, a successful Cincinnati African American businessman in the early 1900’s. 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, a not-for-profit, is an entrepreneur education and business igniter providing resources to a broad range of individuals interested in turning ideas and research into thriving businesses. The mission is to work collaboratively to promote inclusion in the entrepreneur ecosystem. 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 and growth.
Keith Schneider Eric Kearney
President, SQUARE1, Inc. President, African American Chamber