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3-09 B VIEW - Mobile Chamber of Commerce

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How the Alabama Minority Business Enterprise Center<br />

is helping companies fulfill their potential<br />

M<br />

inority-owned businesses are growing faster<br />

than the national rate, according to statistics<br />

from the U.s. Department <strong>of</strong> <strong>Commerce</strong>’s<br />

Minority Business Development Agency. Darrell Randle,<br />

the <strong>Mobile</strong> Area <strong>Chamber</strong>’s vice president <strong>of</strong> small<br />

business development, provides concrete evidence <strong>of</strong> that<br />

growth. over its three year’s <strong>of</strong> existence the Alabama<br />

Minority Business Enterprise Center (MBEC) had a goal <strong>of</strong><br />

securing $22 million in procurement contracts. MBEC not<br />

only met its goal, said Randle, it quadrupled that amount,<br />

resulting in $65,885,400. The center and its team have<br />

assisted 200 clients, helping them create 143 new jobs<br />

and increase sales by more than $8 million.<br />

14 9.<strong>09</strong> | The Business View | MoBiLE AREA ChAMBER <strong>of</strong> CoMMERCE<br />

The Minority Business Enterprise Center<br />

(MBEC) is operated by the <strong>Mobile</strong> Area<br />

<strong>Chamber</strong> and funded through federal<br />

grants. Since its beginning three years<br />

ago, locally more than xx businesses<br />

have benefited from this resource,<br />

resulting in new contracts, new<br />

employees and additional sales.<br />

Pictured here are Pamela Ramos, MBEC<br />

project director, and Darrell Randle, the<br />

<strong>Mobile</strong> Area <strong>Chamber</strong>’s vice president<br />

small business development.<br />

Full Speed Ahead<br />

The <strong>Chamber</strong> established MBEC in<br />

October 2006 to help minority-owned<br />

businesses. Pam Ramos, MBEC project<br />

director, said three years later, half <strong>of</strong><br />

MBEC’s customer base falls in the Strategic<br />

Growth Initiative category – businesses that<br />

bring in $500,000 or more in revenue.<br />

“The government feels that those<br />

businesses have the greatest impact on the<br />

community,” Randle explained, adding<br />

that MBEC also helps companies that have<br />

rapid growth potential.<br />

According to Ramos, MBEC’s goal is to<br />

assist minority-owned businesses with<br />

growth strategies and to develop their<br />

company. The organization considers<br />

growth and development to be two different<br />

entities. “‘Growth’ means increasing<br />

revenue, the number <strong>of</strong> employees,<br />

contracts, additional financing – increasing<br />

balance sheets,” Ramos said.<br />

“‘Development’ refers to more<br />

executive-level pr<strong>of</strong>essional development for<br />

clients,” Ramos said. In that arena, MBEC<br />

focuses on helping companies define and<br />

implement a business strategy and assists<br />

clients with financial management.<br />

According to Ramos, one <strong>of</strong> the most<br />

important roles MBEC takes is to<br />

strategically align companies with one<br />

another so that they can form mutually<br />

beneficial relationships.<br />

Minority businesses, Ramos said, “Often<br />

don’t have the relationships that nonminority<br />

businesses enjoy. We help bridge<br />

the gap and leverage relationships through<br />

the <strong>Chamber</strong>.”<br />

Randle stressed that as the city <strong>of</strong> <strong>Mobile</strong><br />

positions itself to compete globally,<br />

developing minority businesses is vital to<br />

economic development. “If we want to<br />

compete globally, everyone has to<br />

contribute. We have to make sure minority<br />

businesses aren’t left out <strong>of</strong> the loop.<br />

They’re part <strong>of</strong> our vibrant community.”<br />

One <strong>of</strong> the tools MBEC has produced, in<br />

partnership with the <strong>Chamber</strong> and the city<br />

<strong>of</strong> <strong>Mobile</strong> and <strong>Mobile</strong> County, is the first<br />

comprehensive, web-based minority<br />

business directory for the <strong>Mobile</strong> region,<br />

including Baldwin, Washington and<br />

Escambia counties. The directory lists more<br />

than 500 businesses, but Randle estimates<br />

there are some 4,000 minority-owned firms<br />

in <strong>Mobile</strong> and the surrounding area. “We<br />

hope to get at least half <strong>of</strong> those by mid-<br />

2010,” he said. The directory is available on<br />

MBEC’s web site, www.mbecalabama.org.<br />

The center is funded through a federal<br />

grant as well as by the city <strong>of</strong> <strong>Mobile</strong> and is<br />

located at 450 Government Blvd, Suite A,<br />

directly across from the <strong>Chamber</strong> in<br />

downtown <strong>Mobile</strong>. Pam Ramos can<br />

e reached at 433-2250 or for more<br />

information, visit www.mbecalabama.org.<br />

Between 1997 and 2002:<br />

• The growth <strong>of</strong> minority-owned<br />

firms outpaced the national rate, as<br />

they increased by 30 percent compared<br />

to 10 percent for all classifiable firms.<br />

• Gross receipts for minority firms<br />

grew by 12 percent, which surpassed<br />

the growth rate for all classifiable firms.<br />

• 14 percent <strong>of</strong> all minority-owned<br />

firms are in healthcare and social<br />

assistance, which is the largest single<br />

industry sector for minority firms.<br />

Source: Minority Business Development Agency<br />

report, Characteristics <strong>of</strong> Minority Businesses and<br />

Entrepreneurs. A copy <strong>of</strong> the full report can be found<br />

at www.mbda.gov/minoritybizfacts.

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