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About this Center
The MBDA Business Center - Chicago is funded by the U.S. Department of Commerce, Minority Business Development Agency (MBDA) and is operated by the Chicago Minority Supplier Development Council, Inc. (ChicagoMSDC) in partnership with the Illinois Hispanic Chamber of Commerce (IHCC).
The MBDA Business Center - Chicago seeks to develop alliances with local, state, and federal government agencies, major corporations, banks, financial resources and the minority business community to create larger, more strategic minority entrepreneurs.
Performance Overview
In FY2011, MBDA helped Illinois minority-owned businesses obtain 63 contracts totaling $251,162,730 and $20,807,908 in capital through 19 financial transactions.
For clients with gross annual revenues of $500,000 or more, the MBDA Business Center completed 82 transactions totaling $271,970,638.
MBDA assisted Illinois minority-owned businesses in creating 200 new jobs in FY2011.
Visit Chicago Minority Supplier Development Council website for additional information.
Core Business Services
FINANCING
We evaluate and assist MBEs in pursuit of traditional debt financing, equity funding or alternative capital access resources. We serve as a liaison to financial institutions on behalf of MBEs seeking financial assistance and provide loan packaging and placement assistance for purchases, refinancing, lines of credit, factoring, and SBA lending.
BONDING ASSISTANCE
We have a large network of bonding resources to meet your bonding needs. We work with companies that can meet every bonding need.
MERGERS & ACQUISITIONS
Companies facing mergers or acquisitions may benefit from the oversight of our M&A committee comprised of pre-qualified minority owned businesses and investor groups. It has been designed to initiate and support growth strategies for MBEs with specialized services and business opportunities.
EDUCATION & TRAINING
Industry leaders conduct workshops and seminars designed to teach minority entrepreneurs how to take their businesses to the next level.
NETWORKING
The MBDA Business Center - Chicago coordinates bid and outreach conferences for construction projects and organizes industry specific roundtables to promote MBE marketplace expansion to broaden their reach and grow their business.
Learn more about Chicago Business Center services.
Location
105 West Adams Street, Suite 2300
Chicago, IL 60603
Telephone #: 312-755-2565
Program Director: Mr. Bonner
