Foundation Awards $200,000 Grant to Support Minority-Owned Businesses in the Valley.

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Mercy Health Foundation has embarked on a groundbreaking collaboration aimed at fostering economic growth and empowerment among minority-owned small businesses in the Valley.

The foundation announced on Monday that it has awarded a substantial $200,000 grant to Intentional Development Group Inc., a Youngstown-based organization dedicated to promoting economic development. The funding will be channeled towards the Cornerstone Collective: Minority Business Accelerator, a pioneering program designed to provide minority-owned small businesses with comprehensive support.

For further information, read more details here

Through the accelerator program, participating businesses will gain access to personalized coaching, technical assistance, community support, and flexible working spaces tailored to their specific needs. This holistic approach is designed to bridge the gap in resources and opportunities, ultimately empowering minority entrepreneurs to achieve lasting economic stability.

“Fostering financial literacy, access to capital, and business growth opportunities will help create lasting economic stability for minority entrepreneurs while also uplifting and empowering our communities,” emphasized Leigh Greene, Director of Community Health at Mercy Health-Youngstown.

For further information, read more details here

The primary objective of the accelerator program is to address the persistent earnings gap faced by minority entrepreneurs and those lacking sufficient resources. By providing targeted support and resources, the program aims to enable businesses to increase revenue and profit margins, expand their market reach, grow their employee base, secure loans and funding, and develop strong leadership capabilities.

Through this innovative collaboration, Mercy Health Foundation and Intentional Development Group Inc. are poised to make a profound impact on the economic landscape of the Valley, empowering minority-owned small businesses to thrive and contribute to the region’s prosperity.

For further information, read more details here

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