Ohio Governor Ted Strickland has signed an executive order that maintains the state's commitment to minority business success in Ohio by establishing the Ohio Minority Business Advisory Council, which will coordinate the state's efforts to maximize the opportunities and growth of minority businesses.
The Governor held a ceremonial signing event yesterday with Interim Director of the Ohio Department of Development Mark Barbash and members of the minority business community.
"Minority businesses are a critical component of Ohio's economy, but we can do much more to help these businesses generate the opportunities and revenue that will ensure long-term success," Strickland said.
U.S. Census Bureau statistics from 2007 show that although there has been an increase in the number of minority-owned firms in Ohio over the past decade, the revenue growth and long- term success of these companies is not matching the businesses start-up rates.
The Minority Business Advisory Council will be charged with collaborating with the Ohio Department of Development and Ohio Department of Administrative Services to carry out responsibilities in the areas of economic development, employment, procurement, training and other matters affecting the economic vitality of the minority business community.
The Council will also advise state entities on diversifying and opening its markets, as well as identifying and promoting opportunities for minority business. Additionally, the Council will provide guidance on current legislation and practices that have an impact on the minority business community.
The creation of the Council continues the Governor's commitment to minority business growth and success in Ohio. Strickland signed an executive order on June 25, 2008, that called for increased participation in the Minority Business Enterprise and Encourage Diversity Growth and Equity (EDGE) programs.
The Council will submit a bi-annual report to the directors of the departments of Development and Administrative Services that details current issues and challenges as well as recommendations on initiatives to respond.