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African American Business Development Program

(AABDP)

Mission

The mission of the African American Business Development Program (AABDP) is to create an environment where experienced owners are challenged to explore new leadership concepts and opportunities that will create sustainable companies that benefit the community through economic growth and job creation.  

Program Description

African American Business Development Program (AABDP) is a comprehensive 6-month business development program designed for African American business owners who want to build sustainable and scalable companies. At the core of this Program is a community of peers; classmates support and encourage one another to pursue business growth. The course is guided by certified program directors, course facilitators, and subject matter experts. The highly selective program is limited to 10 participants per class. Applicants must have a minimum of two (2) years in business or comparable business experience and at least with the potential to grow revenues $250,000 or more.

Program Benefits

  • Participate in thought-provoking leadership training activities.
  • Gain a broader perspective of business issues and the economic impact.
  • Participate in interactive problem solving sessions designed to strengthen business strategies.
  • Expand professional networks and enhance personal relationships.
  • Receive recognition and graduate with knowledge necessary to make substantial contributions to the quality of life across our region.
  • Leave with a plan and strategies for leveraging your MBE or WBE or SBE certifications.

Tuition

Tuition of each participant is $1,500.00 and $900.00 for second individual from the same company. Full tuition for accepted candidates will be due prior to the completion of the Program.

Program Topics

Session 1: Listening to Your Business

Session 2: Leading the Organization, Sizing Up Your Business, & Managing Operations for Growth

Session 3: Strengthening Your Product/Service & Leveraging Your Certification

Session 4: Exploring Growth Oppts & Seizing the Market

Session 5: Using Financial Tools

Session 6: Charting Financial Performance & Making Strategic Decisions

Session 7: Making it Happen

Required Documentation

  • Application
  • 3 Years of Income Tax (supplement with personal) if business has not be up and running for 3 years
  • Business License (if applicable)
  • Resumes of all owners
  • Franchise, Trust and/or Union Agreements (if applicable)

For Sole Proprietors

  • Assumed Name Documents

For Partnerships

  • Partnership Agreements
  • Ltd Partnership Certificate
  • Buy Out Rights Agreement
  • Profit Sharing Agreement
  • Proof of Capital Investment by all Partners

For Corporations

  • Certificate of Organization
  • Articles of Organization
  • Minutes from Shareholders first organizational meeting
  • Minutes from Shareholders/ Board of Directors’ meeting establishing current ownership
  • Minutes from most recent meeting of shareholders
  • Minutes from most recent meeting of board of directors
  • Proof of Equity  Investment for Women owners
  • Corporations Bylaws
  • Certificate from board secretary certifying names of all current members
  • Both sides of all stock certificates
  • Stock transfer ledger
  • Proof of stock purchase or equity investment of women owner(s)
  • Voting Agreements If out of state Corporation, Proof of Authority to do business in  State
  • Schedule of Advances made to Corporation by shareholders for the preceding 3 years

For LLCs

  • Articles of Organization
  • Certificate of Organization
  • LLC Regulations
  • Member List w/ titles
  • Proof of Equity  Investment for Women owners
  • If out of state LLC, Proof of Authority to do business in  State
  • Schedule of Advances made to LLC by members for the preceding 3 years

Please download and submit your Application to:
3458 Reading Road
Cincinnati, OH 45229
| Office (513) 487-1155 | Fax (513) 487-1084 | email: charris@ulgso.org
African American Business Development Program Application

For more information, please contact Charolette D. Harris at 513.487.1155 or via email at charris@ulgso.org

SBALOGOThe Small Business Development Center of Ohio (SBDC) program is funded in part through a cooperative agreement with the U.S. Small Business Administration. The SBDC program is also funded in part by the Ohio Development Services Agency. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact 513-487-1155.