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Commission approves $2.4 million ARPA award to launch Inclusive Business Recovery Opportunity Center
Summary
The Dayton City Commission approved a $2,400,000 award from the Dayton Recovery Plan (ARPA) to the Dayton Miami Valley Entrepreneur Center and the Miami Valley Urban League to launch an Inclusive Business Recovery Opportunity Center (IBROC) to coordinate supports for historically underrepresented entrepreneurs.
The Dayton City Commission voted to approve a $2,400,000 award from Dayton Recovery Plan funds to the Dayton Miami Valley Entrepreneur Center and the Miami Valley Urban League to launch and operate an Inclusive Business Recovery Opportunity Center (IBROC).
The IBROC is intended to serve as a convenor and capacity builder for small-business support organizations and entrepreneurs, with a specific emphasis on historically underrepresented or “untapped” entrepreneurs. Deputy City Manager Lashay Lofton outlined the award and said, “With your approval this evening, Dayton is taking a bold and tangible step forward to ensure that all entrepreneurs, especially those historically underrepresented, have the tools, support, and opportunity to thrive.”
Why it matters: City staff said IBROC will use a coordinated, data-driven approach to reduce friction for entrepreneurs seeking services and capital.…
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